The Saturday Weekend Review #33: Friends and family buy our kids too much stuff

It Looked So Cute We Couldn’t Help Buying It I openly admit that I talk too much sometimes, but these days I enjoy it even more because listening is how I am able to help others and learn from them. I mentioned on Facebook yesterday that my wife wanted to head out to garage sales this morning with her friend. I tagged along as the “hold this” guy not the driver this time so it was a fairly simple task for me. I’ll openly admit the most intriguing item I saw was a book called “How to make love and cook at the same time”. I thought maybe I might give that a try some time lol. Bad visual I know, sorry but the book really was an excellent cook book packed with laughter and good eats. We need a bit of humour in our lives every single day. Along the way I met a teacher who told me a story about a man who quit smoking and drinking heavily at age 40 and turned his life around and hiked across Canada. She wanted this man to speak to her students so he could motivate them to pursue their passions […]

RESP Investing In Your Child’s Education-The Basics

Registered Education Savings Plan : The Basics What is an RESP? Being concerned about how to afford a college education for my son, I made some enquiries about a Registered Education Savings Plan, or RESP.  This is a special savings account that makes provision for post-secondary education costs. If you are like me savings and investing are very important to my family. Those who subscribe to a RESP are also entitled to receive the government’s Canada Learning Bond (CLB) if they qualify, and the Canada Education Savings Grant (CESG) which, as I found out, can provide a welcome boost to the funds. Who is it for? An RESP is set up to provide financial support for those aged 17 years and over, and who are undertaking eligible courses of study.  Contributors to a RESP are normally parents or guardians; however, a grandparent, other relative or even a family friend can also make contributions. How do you get one? A simple two-step process helped me to get things underway.  First of all I checked out my Social Insurance Number (SIN), and then I chose an RESP provider.  My SIN gave me access to government benefits and programs and, when I began to […]