PlanEasy

Personal finance made easy.

“Welcome to the PlanEasy blog! We make personal finance easy.

Check out our latest posts.”

 

– Owen

Owen Winkelmolen

Financial planner, personal finance geek and founder of PlanEasy.

“Welcome to the PlanEasy blog! We make personal finance easy.

Check out our latest posts.”

 

– Owen

Living Small: The Best Way To Save Money

Living Small: The Best Way To Save Money

When first buying a home it’s hard to comprehend the sheer number of new expenses there are. There are mortgage payments, home insurance, property taxes, maintenance, water, sewer, electricity and gas, just to name a few.

When coming from a rental you may be blissfully unaware of all the new home expenses that you now need to budget for.

These extra expenses are tied directly to the size of your home. A larger home means larger expenses.

Before purchasing a new home consider all the expenses attached to your decision. Buying “just enough home” is a great way to save money. Buying “too much home” can cost thousands per year in extra expenses.

This is one of the main reasons my wife and I live with our two daughters in a small 1,000 sqft bungalow. Although we could afford a much larger home we chose to purchase something much smaller…

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The Simple Retirement Plan

The Simple Retirement Plan

Simplicity is a beautiful thing.

It’s difficult to keep things simple. Taking a complex process and making it simple is a challenging task. A lot of effort goes into making something simple.

Retirement planning is no different. It can be a difficult and complex process. With lots of estimates, plus difficult calculations, it can be overwhelming. There are multiple income sources like CPP, OAS and pensions. There are multiple accounts like RRSPs, TFSAs, LIRAs, RRIFs and LIFs.

It doesn’t need to be that difficult.

Planning for retirement when you’re young can be as simple as doing one thing. By doing this one thing year in and year out you’ll set yourself up for a solid retirement.

What is the simple retirement plan?

It’s just one thing…

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Catch-Up On Your RESP Contributions and Free Government Grants

Catch-Up On Your RESP Contributions and Free Government Grants

When you first have children, there is a lot going on. Sleep deprivation, diapers, crying, screaming, feeding, more diapers, cribs, car seats, more crying. It’s overwhelming. So it’s entirely understandable that making RESP contributions for your child is the last thing on your mind.

Even for someone like me, who’s a bit of a personal finance geek, opening an RESP and making contributions was the least of my concerns. For at least 12 months I put off opening an RESP.

Putting off opening an RESP for a little while is ok. But put it off too long and you may miss some free money from the government.

Here’s what you need to know about opening an RESP, making RESP contributions and catching up on the free money from the government.

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