BMO Bank of Montreal has recently announced the launch of BMO Lifetime Cash Flow, an industry first product that allows Canadians aged 55 and over with a guaranteed cash flow for life. This new product is a great addition to the suite of deposit products that comprise the BMO LifeStage Retirement Income Portfolios. Retirement can

BMO Bank of Montreal introduced an innovative program called BMO SmartSteps in 2009, which is a program that was specifically designed to help Canadians save more money during the period of increasing financial stress. The SmartSteps were providing customers with 5 essential banking tips that they can do on the spot as part of their

A question that has been plaguing people for centuries is whether or not money can buy happiness. In most cases, people tend to believe that with money in their pockets they can afford everything they want and in turn they will be happy. However, there are definitely some things that money cannot buy. In my

It recently came to my attention of the existence of something called a money group. A money group is essentially like weight watchers for your money. In the money group you discuss your financial issues, particularly around debt, and work together to understand how you can develop saving strategies, spending strategies that could fit with

Only yesterday I spoke about how as parents one should not coddle their child in the lessons of debt. Today I will speak about teaching your children about the value of saving. Many Canadians today are finding it hard to save, whether it is for retirement or even for short term goals. One of the

There’s an often cited example of personal finance that revolves around the issue of a $4 latte. The typical theory is that if one was to stop buying a daily latte, and instead invest the money, they would be rich. The math and the logic behind that argument is generally hard to refute, but as