Oaken Blog

An updated money checklist for the new year

By Barry Choi

January 11, 2021

Whenever a new year comes around, many people make resolutions, and oftentimes these resolutions involve their finances. Setting new goals may be a great way to kick off the New Year, but all too often people don’t stick to their plans and usually revert back to their old ways within a few months. To help...read more

How to transition to a retirement lifestyle

By Barry Choi

December 1, 2020

For most people, once you start to approach your 60s you begin to seriously think about how your life will change in your retirement. While earlier in your career you were more focused on building your retirement savings, thoughts now turn in earnest to the reality of transitioning to a new lifestyle. And while it...read more

These 5 apps can help you save money

By Barry Choi

November 17, 2020

  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? You could go through your budget and see what expenses you...read more

Creating a budget that works for you

By Oaken Financial

November 13, 2020

  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,...read more

November is Financial Literacy Month

By Oaken Financial

November 3, 2020

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. This cause is...read more

Canada Deposit Insurance Corporation – 6 things you should know

By Scott Boyd

October 28, 2020

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. To help kick off Financial...read more

Should you let your adult children live at home rent-free?

By Barry Choi

October 28, 2020

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,...read more