Engrace Financial Solutions

04/16/2024

08/28/2023

For anyone who is on the Telegram messaging app, please beware that there is a scam going around asking people for help to verify them. If you are hearing from ME, it is NOT me! And if you happened to engage with the fake me on Telegram these last 3 days, I am so sorry for the bother☹️
Please share this with everyone!

05/31/2023

A credit score is usually a three-digit number that lenders use to help them decide whether you get a mortgage, a credit card or some other line of credit, and the interest rate you are charged for this credit.

The score is a picture of you as a credit risk to the lender at the time of your application.

If you’re wondering how to get a better credit score, the good news is that it’s a relatively straightforward process. It just takes some strategy, effort, and time.

Learn more by checking out my newsletter this week!
https://madmimi.com/p/5cb4c51

05/17/2023

In my most recent newsletter, I wanted to address paying off debt with investments. 💰

When paying a high-interest rate on debt, does it make sense to sell investments that have fallen before their value has been recouped?

First, I want to acknowledge the risks of investing money you need over a short time horizon into stocks. If you have questions about investments and selling, please don't hesitate to contact me for advice.

Read my latest newsletter to learn more
https://madmimi.com/p/ce94c51

05/05/2023

When we entered the pandemic, many people found they had more time to focus on hobbies and turn them into side hustles.

These side hustles are now pulling in a decent amount and must be declared. If you made more than $30,000, you'd need to register with the CRA and then pay more taxes when you file. You can learn more by clicking on the link to my latest newsletter.

https://madmimi.com/p/caa4c51

02/18/2023

For this newsletter I wanted to chat more about retirement and found a great article from The globe and mail on the average retirement age worldwide.

How does Canada compare? Click on the link to find out; you'll be surprised. 😮

https://madmimi.com/p/e70e351

02/03/2023

For my newsletter, I found a great article from MoneySense about preparing for your 2022 income tax.

You’ll find lots of good info to help you prepare. From tables of contents to different guides, plus in-depth coverage, I'll be here to answer any questions you may have about the 2023 tax season.

https://madmimi.com/p/8f1e351/preview

01/20/2023

Happy New Year! I hope you had a fantastic holiday season! 💙

For my first newsletter of the year, I thought it would be good to talk about what to expect this year regarding finance.

Of course, we can't fully predict the Canadian economy, but having a general idea of what’s coming can help you prepare.

I found these tips from NerdWallet offer some great advice for preparing for a recession, inflation, the stock market, housing marketing, etc. I'd love to hear your thoughts on these predictions.

https://madmimi.com/p/06dc351

12/09/2022

If you missed the news earlier this week, The Bank Of Canada raised its benchmark interest rate by half a percentage to 4.25% from the previous 3.75%. I found a great article by MoneySense explaining what the rate means and how to interpret it.

You can read it on the link below.

https://bit.ly/3UNbxlH

11/29/2022

In my latest newsletter, I wanted to focus on the talk about a recession hitting Canada in 2023. Do you think we will hit a recession in 2023?

https://madmimi.com/p/e996151

11/17/2022

I wanted to focus on a great article from MoneySense in my newsletter This blog is from a question that a reader asked.

They asked: Is there a better time of the year to retire based on tax implications: December 31 versus June 30 versus January 30? According to Money Sense, there are reasons to retire at certain times of the year.

Click to view it on the link below
https://madmimi.com/p/c001051