BUDGET AND PERSONAL FINANCES
Become familiar with the cost of living and learn to manage one’s purchases and expenses
Financial management
The cost of goods and services in Alberta may be different from that in your country of origin, and fluctuates depending on which province of Canada you are in.
Make sure you are familiar with the cost of living in Alberta before you start big expenses. The Financial Consumer Agency of Canada proposes a budget calculator tool which can be useful to you in the preparation of the family budget.
Save money
It is always more economical to eat at home than outside. Another way to save money is to buy in bulk at specialized shopping centers or collect points and get discounts in several grocery stores.
The consumer society in which we live also has many pitfalls. Also, pay attention to the solicitations leading to seemingly attractive credits (phones, furniture, etc.), which lead to spending much more than necessary.
Credit history
Thecredit historyis a historical record of your payments on credit cards and other loans in your name.
In Canada, it is very important not only to have a credit history but also to maintain a good credit record. Number of organizations will look at your credit rating to check your creditworthiness.
