As a newcomer or potential immigrant in Saskatchewan, you might not be familiar with the term and process of credit scores but that’s okay, We will teach all you need to know. A credit score, according to the Government of Canada, is a three-digit number that represents how likely a credit bureau believes you are to pay your bills on time, to assess your overall creditworthiness or likelihood of repaying credit. This is a well-known and legitimate score that banks...
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Choosing the right bank
As a newcomer in a different city and country, getting your finances right is one of the many ways to settle in quickly and comfortably. Read on for how to understand Saskatchewan’s financial ecosystem and the basics of banking. Banking in Saskatchewan may be similar or different from what you are used to. Either way, you will require some tips and guidance on how to go about it. You might have heard of the Big 5 banks in Canada namely;...
Continue reading...Invest Right
Most immigrants come to Canada for better opportunities. It could be for work, study or overall better living conditions, whichever it is, we know you are interested in making the system work for you just like it has worked for other immigrants. The first step towards saving and investing is to have a bank account with your preferred institution, only then can you consider the following savings plans and investment options: Tax-Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP)...
Continue reading...Budget your finances
International education could be expensive and the cost of living could be high depending on the Saskatchewan city you move to and since you are miles away from home, every penny counts. As such, managing finances to meet education and living expenses by planning your expenses and budgeting is a good way to keep your finances in good form and avoid possible student debt. Budgeting Tips List your Expenses and Income Make use of Student Discounts Consider Home Cook meals...
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