How much money do you put aside for...

[superfun]

I don't know how I missed this discussion before, but I'm here now. Lol
This is the first year since starting daycare that I've contributed to my rrsp. I'm happy I did, because now I know how great it is in Manitoba. I made my contribution at the end of February, and the province has already put money back in my back account, 50% of what I put it.
I have life insurance and critical illness, but no disability. And I don't ever take the insurance a bank wants to put on your mortgage. That's the biggest scam, in my opinion. I'm so happy someone gave me that advice when I bought my first house.
I have an automatic withdrawal every 2 weeks into an online bank, to cover large expenses. I should increase that amount, because I would like to start saving for things like home renos, etc.

[MommaL]

And I don't ever take the insurance a bank wants to put on your mortgage. That's the biggest scam, in my opinion. I'm so happy someone gave me that advice when I bought my first house.

Agreed! I learned this when a family friend who had insurance on his mortgage became sick. He was basically told that he wasn't sick enough. He appealed the decision, but was declined again. He hired a lawyer, but ended passing away before anything could be resolved. Such a sad situation. One definitely has to read all the fine print.

[Van]

Agreed! I learned this when a family friend who had insurance on his mortgage became sick. He was basically told that he wasn't sick enough. He appealed the decision, but was declined again. He hired a lawyer, but ended passing away before anything could be resolved. Such a sad situation. One definitely has to read all the fine print.

That is so sad Mommal- the banks always find a reason not to pay, for anyone who has a mortgage insurance with their bank just know that you can cancel it at anytime just by calling them as it is a waste of money that can go towards something else