New Year Resolutions 2019

Well, the new year is here and you’ve decided to get your finances in order. Regardless of what made you decide on improving your finances in calendar 2019, we’re here to help. At Ratehub.ca, we believe in real, personal finance. Over the next five days, we’ll be sending you one email per day with actionable tips on how to get your finances in order.


#1 Check your chequing account

Are you paying banking fees just because it seems like a hassle to switch? Choosing a no fee chequing account could easily save you $10 to $20 per month while earning you some rewards.

Don’t believe me? Scotiabank has bank accounts that can generate cash back or Scene rewards for you based on your spending, and some credit unions share their profits with members (account holders) ever year. Talk about making your money work harder for you!

Want to find the best chequing account?

Compare them all on Ratehub.ca


#2 Save more with your savings account

Keeping money in a chequing account, or a savings account that pays poor interest, means your money isn’t working as hard as it can for you.

Some of the high interest savings accounts in Canada currently pay over 2% in interest. Don't don't let your unused cash sit in your chequing and lose out on interest!

#3 Get a GIC!

If you don’t need immediate access to your funds, GICs can be a very useful way to keep your savings secure while also earning some money. Longer-term GIC rates can easily earn you 3.5% or more in interest each year, helping you grow your savings and achieve your financial goals even faster.

Compare GIC Rates

Did you know the best GIC rates might not be found at the big banks? Use our tool to find the best GIC rates from all the providers across Canada.


#4 Pay yourself first with RRSP or TSFA

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Pro tip: A good rule of thumb is to reserve 3-5% of your home’s purchase price to cover your home closing costs. You can use Ratehub’s Payment Calculator to estimate just how much cash you’ll need.


#5 Start Investing

Placeholder copy for Robo Advisor - idea is that you can start small with RoboAdvisor

Keep in mind that even half a percentage point less on your mortgage rate can make a huge difference in your regular payments and the amount of interest you’ll pay over time.


#6 Stay on top of your credit cards

Always pay off your credit card statements on time and track your everyday expenses to ensure you're on budget and not overspending. Choosing the right credit cards can maximize your rewards and help you save while you spend. Here is our curated list of the best credit card by categories

Ready to find the right credit card for you?

Use Ratehub.ca’s credit card comparison tool


#7 Keeping reading!

Knowledge is power, especially when it comes to money. Our weekly newsletter will keep you up-to-date on developments in the field of personal finance, but you shouldn’t stop there. Learning more about personal finance helps you make the best decisions for your financial future.