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5 tips to help adjust your budget during COVID-19
These challenging times haven’t just upended our daily routines, we’ve had to take a second look at our finances too. Has your budget taken a hit? Whether you had to postpone going on vacation or purchasing your dream home, revisiting financial priorities can mean putting important projects on hold. It’s not always easy.
Measures in place to help you
The situation with the COVID-19 is changing rapidly, day by day. Bâtirente monitors what is going on constantly and takes the necessary measures to ensure continuity in the management of your pension plan and your savings, as well as the security of our team and you, our members. The financial markets have been subject to strong fluctuations since the beginning of March. The situation has stabilized somewhat over the past two weeks but remains very volatile. It is important in this context to remain calm and make decisions with a longer-term perspective.
RRSP OR TFSA: WHAT ARE THE DIFFERENCES?
An RRSP is a tax-deferral tool that helps you save for retirement. A TFSA is a savings tool that you can also use for retirement, as well as the other projects you have going on. In other words, we have two plans with two different sets of goals.