There are millions of sites offering free info, but most are self serving, and are extensions of financial institutions’ websites, often promoting their own products. Here are some of my favourite sites:
GetSmarterAboutMoney.ca: This site, run by the Ontario Securities Commission’s Investor Education Fund offers “straight answers to your money questions.” It was recently relaunched after a complete overhaul. It clearly explains the basics on everything from bank accounts and budgeting to investment and estate planning – without talking down to readers. It also offers terrific insight from a roster of first-class bloggers (including Alison Griffiths, formerly of Moneyville.) Check out the Cranial Cash Clash, a great game that will test your financial acumen.
Financial Consumer Agency of Canada: This site offers solid information about banking, budgeting, credit cards, mortgages, insurance, and credit. Highlights include a tool that helps you select a credit card, a calculator to help you figure out if your budget is realistic, and consumer alerts.
RateSupermarket: This site offers interest rate comparisons on mortgages, credit cards, and savings, as well as life insurance, plus basics and backgrounders. It recently added sections on bank accounts and investing. Its mortgage outlook panel offers insight on where rates are heading.
RateHub specializes in mortgages. You can search rates by city, type, by bank, and also look for a mortgage broker. Check out the First-Time Home Buyer Education Center, which has articles on all the basics from how to choose between variable and fixed, closing costs, and land transfer tax.
Canada Mortgage and Housing Corp: This site can’t be beat when it comes to housing information. Trying to figure out if home ownership is right for you? How to figure out how much you can afford? How to manage the monthly maintenance costs? This site has all that, and more.
What are your favourite websites for financial planning information?
And lastly, we offer a free, unbiased consultation on home budgeting and savings, especially as it relates to homebuying, or refinancing. Call us anytime to schedule an appointment. We’ll even give you a free cup of coffee ( or tea). Just ask for Simon! 416.366.9090