Ever been out and about hunting for your next home and wished you could easily figure out how much it would cost to carry the mortgage? Canadian Mortgage provides an app that will do the math. Calculate monthly payments for different interest rates, payment frequencies and amortizations. It even calculates first-time buyer rebates and land transfer taxes across the country.
Widely popular YNAB used to be for desktops only, but now you can extend much of its functionality to your smart phone and tablet too. (You will need the latest version of the software to use the app, however). You can check your budget and enter transactions on the go, and the app will automatically sync to your desktop when there’s an internet connection available.
Many financial experts advocate using envelopes or jars as visual aids to tame spending but perhaps you want to go high tech? EEBA lets you create a budget system using up to 20 virtual envelopes for regular and irregular expenses. Then you record your spending and the app keeps a running total. You can check your envelope balance before spending, and there’s no need to connect your bank accounts or put your information at risk.
Credit Counselling Sudbury has partnered with education savings advocate SmartSAVER to offer a new online Canada Learning Bond application called Start My RESP. The Start My RESP application makes it easier for families to access this federal education money.
Applicants can apply to start an RESP with no fees and with no contribution required to access the CLB. This user-friendly application provides language support in five languages: Spanish, French, Mandarin, English, and Punjabi (with more languages to come).