Friday, November 9, 2012

Financial Literacy Month-BMO's Tip of the Day: Take Advantage of ...

?Marketwire - Canada

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2012) - To symbol Financial Literacy Month, BMO Financial Group is releasing a array of financial tips via November. As partial of 'Making Money Make Sense' and BMO SmartSteps, a tips are designed to assistance people and families save and conduct their day-to-day finances some-more effectively.

BMO's Tip of a Day: Online financial collection and resources can play an critical purpose in assisting Canadians set themselves adult for financial success. The Internet offers Canadians a far-reaching preference of resources that offer a resources of information to everybody from first-time home buyers, to gifted investors, to Boomers scheming for retirement.

"Canada is one of a many connected countries in a universe when it comes to Internet usage. As a result, we're saying a presentation of a accumulation of devoted online resources that yield a extended operation of resources of personal financial information," pronounced Caroline Dabu, Vice President, Head of Wealth Planning, BMO Financial Group. "Canadians should take advantage of these resources to assistance them make intelligent financial decisions. After all, believe is a biggest item they'll have as they work towards realizing their financial goals."

Here are a few Canadian personal financial websites and blogs value visiting:(i)

Financial Consumer Agency of Canada - This sovereign regulatory group works to strengthen and surprise consumers of financial products and services. Along with providing Canadians with information per their rights surrounding investments, a site also hosts interactive collection and calculators. The site is accessible in French and English.

--Website: http://www.fcac-acfc.gc.ca/eng/FLM/index-eng.asp

Moneyville - The Toronto Star's website covers mixed topics for Canadians, including saving, budgeting, genuine estate, investing, retirement and taxes. The site also offers a accumulation of personal financial tools, calculators and blogs.

--Website: http://www.moneyville.ca/

Question Retraite - This website aims to lift recognition of Quebecers, between 25 - 45 years of age, on a significance of commencement to save early for retirement.

Question Retraite.

--Website:http://www.questionretraite.qc.ca

Rob Carrick's Reader - The Globe and Mail personal financial columnist Rob Carrick gathers a day's best financial facts, statistics, tips and information from several online sites. Topics embody spending, investing, transport and home ownership.

--Website: http://www.theglobeandmail.com/globe-investor/personal-finance/carrick-on-money/

MoneySense's Financial Independence Blog - MoneySense Editor in Chief and author Jonathan Chevreau tackles strategies to assistance all savers and investors in several life stages to build resources over a prolonged term.

--Website: http://www.moneysense.ca/blog/financial-independence/

Financial Post Personal Finance Page - The Financial Post's Personal Finance page facilities news and explanation from experts to give clear, obvious advice. A special apparatus centre for immature people called Young Money provides a immeasurable array of useful information along with designated pages for mortgages, retirement, and debt.

--Website: http://www.financialpost.com/personalfinance --Twitter: Readers can also perspective Financial Post columnist Gary Marr's

tweets on personal financial at: @DustyWallet.

BMO has introduced several collection and resources to assistance Canadians stay on tip of their personal finances, including BMO by Appointment, BMO MoneyLogic, BMO SmartSteps, BMO SmartSteps for Parents, BMO SmartSteps for Business and a BMO Retirement Institute.

"CFEE commends BMO's ongoing efforts to support Financial Literacy in Canada and foster ways in that Canadians can boost their cunning and certainty when handling their personal finances on a day-to day-basis," pronounced Gary Rabbior, President, Canadian Foundation for Economic Education (CFEE).

BMO Financial Literacy Month Tips

November 1: Maximizing TFSA investments annually over 20 years can save scarcely $30,000 in taxes.

November 2: Utilize rewards to fist a many value out of any dollar we spend this holiday season.

November 3: Choose an investment confidant who is right for we and will assistance we accommodate your financial goals.

November 4: Use your RRSP to assistance make a down remuneration on your initial home.

November 5: Space out payments to equivocate cash-flow problems.

November 6: Take advantage of a advantages of elite shares.

November 7: Consider investing in a Registered Retirement Savings Plan (RRSP) and holding advantage of taxation incentives when saving for retirement.

For some-more on financial literacy, Canadians can revisit a Government of Canada's Financial Literacy Month website, as good as BMO's Financial Literacy online resource.

(i) Information, opinions and statistical information contained in a listed websites are supposing for informational functions and are not permitted in any approach by Bank of Montreal or a affiliates. Particular investments or resources products should be evaluated relations to any individual's circumstances. Individuals should find a recommendation of professionals, as appropriate, per any sold investment.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a rarely diversified North American financial services organization. With sum resources of $542 billion as during Jul 31, 2012, and some-more than 46,000 employees, BMO Financial Group provides a extended operation of sell banking, resources government and investment banking products and solutions.

FOR FURTHER INFORMATION PLEASE CONTACT: Media contacts: Rachael McKay, Toronto (416) 867-3996 rachael.mckay@bmo.comValerie Doucet, Montreal (514) 877-8224 valerie.doucet@bmo.comLaurie Grant, Vancouver (604) 665-7596 laurie.grant@bmo.comInternet: www.bmo.com Twitter: @BMOmediaSource: BMO Financial Group

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Source: http://financial.ahipcup.com/financial-literacy-month-bmos-tip-of-the-day-take-advantage-of-canadas/

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