Making the right choice between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) can significantly impact your financial future. Both are excellent tools for saving money and investing, but each comes with unique benefits and potential drawbacks. This guide will walk you through the key differences,
Dreaming of retiring early? Many people are inspired by the promise of financial independence, retiring early (FIRE), and spending their time on passion projects or travel. While these goals are achievable, planning for early retirement comes with unique challenges that can derail an ambitious plan. Here are four key reasons
Happy Boxing Day! As 2024 comes to a close, this final post of the year on the Money Eva Blog looks ahead to the macroeconomic shifts shaping 2025. These trends bring both challenges and opportunities in savings, investments, and real estate. Here’s what you need to know. Economic Growth
When evaluating a real estate investment, accurately understanding and forecasting rental cash flow is essential. Rental cash flow is the lifeblood of any property investment, determining whether your rental property will be profitable over time or if it might need a strategic adjustment. In this post, we’ll break down
Money Eva is all about empowering you to make smarter financial choices with real-time visuals and transparent calculations. Whether you're exploring investment scenarios, comparing home affordability, or calculating future savings, Money Eva is your go-to app. But why stop there? To make your financial journey even more seamless,
As 2025 approaches, the real estate market anticipates shifts driven by economic trends, interest rates, and investor sentiment. Here, we'll dissect these forecasts and use Money Eva's visualizations to give you a clear picture of how these shifts could influence your investment decisions. 1. Interest Rates:
When planning for retirement, understanding the impact of inflation is crucial. Inflation isn’t just a theoretical concept—it’s the force that quietly erodes your money’s purchasing power over time. Yet, grasping how inflation affects your long-term savings can be challenging, and that’s where Money Eva excels,
Deciding between an electric vehicle (EV) and a gas-powered car? Long-term costs can make or break your choice. With Money Eva, creating a clear, side-by-side comparison is a breeze. This step-by-step guide will help you evaluate the true cost of ownership for both options, so you can confidently choose the
When purchasing an asset—whether it’s a property, a business, or even a piece of art—the focus often revolves around acquisition: finding the right deal, securing financing, and dreaming of future gains. But what’s often overlooked—and just as crucial—is the exit strategy. Why does this
As the creator of Money Eva, I’ve had the chance to truly test its power—and it’s been a game-changer for our financial decisions. Recently, my wife found an incredible deal on a new construction property, but with Money Eva’s insights, we made the surprising call to
Welcome to the Money Eva blog! We’re glad you’re here. Whether you’re a seasoned investor or just starting out, Money Eva is all about making financial choices easy, interactive, and customized for you. And the best part? It’s completely FREE, giving you a fresh way to