Category

Insurance

Category

If I had to choose the thing I most hate paying for it would be insurance, hands down. I know it’s important (in some cases it’s the law), but I hate the thought of paying for something I will hopefully never need. It doesn’t matter if it’s home, car, pet, travel, or life insurance. Those premiums are annoying as heck. Insurance is also confusing. Are you getting a good deal? Do you even have the coverage you need? What happens if that giant tree in your front yard crashes right through the middle of your house? I am known to be a bit of a stress case, so knowing insurance will step in if tragedy strikes helps when worst-case scenarios flood my brain. Even so, I still hate paying for insurance! Calculating Your Premium When you call up an insurance company to get a quote, they run all sorts of…

The big five banks in Canada have dominated the landscape for decades, but things are starting to change. In the last few years, there have been more and more online banks and investment companies opening and their promises of lower fees, higher rates, and improved service are getting customers to rethink how and where they bank. I made the switch to online banks a few years ago and haven’t looked back. And I’m not the only one. Millennials do things differently than their parents. My Dad STILL goes to the bank to take out cash every week (from the teller, gasp) and while he now has online banking, it’s not his first choice. I’ve been inside a bank one time that I remember over the past decade. And that was to pick up a bank draft when we were buying our house. Technology has made many of the everyday banking…

I’ve talked on the blog about the vital role life insurance can play in your financial picture, but I haven’t specifically talked about disability insurance. Today I’m fixing that! Super exciting right?! I know how much we all love chatting about insurance. The thing is, life insurance is important. But when you are just starting out and haven’t built up a lot of assets, then disability insurance is likely even more critical. What Is Disability Insurance? Life insurance is there for your family when you die, but disability is there for you when you get hurt. It will step in and provide you with money when you are unable to work and receive your regular paycheque. Think for a minute about what would happen if you were injured and couldn’t work? Obviously, your finances would suffer. You might not be able to pay your rent, buy groceries, or do any…