Oaken Blog

Most people want to save more money, but it’s not always the easiest thing to do. Your expenses seem to keep adding up yet your income fails to keep pace. What are you supposed to do to put more money in your pocket? read more

Budgets are almost a cliché of the personal finance world. Experts tend to overuse the word “budget” to the point where they obscure and complicate what a budget is and how it can help you. That’s why when most people think of a budget, they think of confusing spreadsheets, counting cash out of envelopes, and being forced to eat pasta all month long! But a budget doesn’t have to be stressful. read more

It’s November and we’re excited. The leaves are changing colours, the air is crisp but more importantly, it’s the 10th annual Financial Literacy Month! For 10 years now the Financial Consumer Agency of Canada (FCAC) has worked on spreading the knowledge, skills, and confidence to help you take control of your money. read more

When it comes to their savings, Canadians are fortunate to have their savings protected by the Canada Deposit Insurance Corporation (CDIC). As a federal crown corporation, the CDIC is responsible for providing insurance in the rare event of a failure on the part of the financial institution holding their funds. read more

I have a confession – until about a week before my wedding day, I was still living at home. Although culture certainly played a small role in that decision, it’s not like I was in any rush to move out. My parents encouraged me to stay at home as there was no rent to pay, and meals would be prepared for me. They knew this would allow me to save more money, which I did. read more

Making that last mortgage payment should be a celebration. You’ve likely spent decades paying off your most substantial debt, so there’s no reason why you shouldn’t be excited. Take time to enjoy the moment before the next natural question comes up. read more

Maintaining a good credit score on a low or reduced income can be difficult. While there’s no denying that managing your money can be challenging, there are things you can do to help ensure that your credit score remains in good standing. read more