How Not to Move Back in With Your Parents by Carrick, Rob -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Contents Introduction One: Affording College or University

• The Big Picture on Where the Money Will Come From • Why RESPs Rule • For RESP Procrastinators • RESP Investing Basics • Putting RESPs to Use • Artists, Athletes and Other Non-Academic Types • Finding Financial Help Through Scholarships • Thinking Ahead to University • Consider the Gap Year • Thoughts on What to Study • What It Really Costs to Attend College or University • The Student’s Dilemma: Should You Stay or Should You Go? • Student Borrowing Basics • Hotlist: Tips for Saving Money in Your Student Years • It’s Payback Time • How Paying Back Student Debt Works • A Student’s Guide to Interest Rates and Borrowing Costs • Sorry to Nag, But … • The Debt Trap: How Parents Can Help • Tax Tips for Students • Online Tools for Students • Case Study: Stephen

Two: How to Handle Debt, Both in School and Afterward

• Where Bad Attitudes About Credit Begin • Ways Parents Can Raise Financially Smart Kids • The Scandal of Student Credit Cards • Student Credit Card Rundown • Credit Cards: One Family’s Story • Should Your Parents Give You a Credit Card for Emergencies? • How to Build a Good Credit Rating • Hotlist: Expert Tips on Building a Solid Credit Rating • Into the Workforce • Should You Ask Your Parents to Co-Sign a Loan? • Loan Basics • Debt as a Way of Life • Case Study: Jamie

Three: You and Your Bank

• Recognize Your Potential • Meet the Banks • Student Banking • The Wonders of No-Fee Chequing Accounts • Pass This On to Younger Siblings • Post-Graduation Banking Needs, Part One • Post-Graduation Banking Needs, Part Two • The End of Cheques? • Hotlist: Top Banking Blunders to Avoid

Four: Saving, Budgeting and What to Do If You have to move Back Home

• Post-Graduation Financial Priorities • An Introduction to Budgeting • Budgeting Basics • A Sample Budget • Let Technology Do Your Budgeting for You • Credit vs. Debit vs. Cash for Day-to-Day Spending • Hotlist: Five Rookie Financial Mistakes to Avoid • When Plans Go Awry: Introducing the Boomerang Generation • I Belong to the Boomerang Generation (And I Can Take It or Leave It Each Time) • Hotlist: How to Handle the ’Rents If You Have to Move Back Home • Tougher Economic Times? • Case Study: Sarah

Five: Looking to the Future: RRSPs and TFSAs

• What Your Parents Can Contribute • Order of Operations: What to Do First • RRSPs for Twentysomethings: One Expert’s Perspective • The ABCs of RRSPs • Parental Guidance on RRSPs • Investing in RRSPs 101 • What About Your Parents’ Retirement Savings? • Three Paths for Starting an RRSP • The Smartest RRSP Strategy of Them All • Leaky RRSPs • Tax-Free Savings Accounts vs. RRSPs for Retirement Savings • RRSPs & TFSAs: A Tax Expert’s View • TFSAs as Gifts • A Few Final Points in Favour of RRSPs • An Introduction to Pension Plans for Those Lucky Enough to Find Jobs Offering Them • Hotlist: Ten Things You Need to Know About Your Company Pension Plan

Six: Mobility: Or, Cars and You

• Rethinking the Car • Introducing the Car-Sharing Service • Bikes Are Great, Too • Okay, You Still Want a Car • Can Your Parents Help You Drive a Hard Bargain? • Get Your Grad Discount • Buying vs. Leasing • The Last Word on Cars • Case Study: Laura

Seven: Buying A Home

• Our Housing Obsession • Hotlist: Three Money Myths About Houses • The R-Word (Renting) • More Thoughts on Renting • How to Save for a Home • The First-Time Homebuyers’ Tax Credit • Getting Help from the ’Rents to Buy a House • Can You Afford a House? • Everyday Home Economics • Hotlist: Seven Killer Costs of Home Ownership That Will Surprise First-Time Buyers • How to Tell When You’re Ready to Buy • Hotlist: Top Mortgage Tips for First-Time Homebuyers • Arranging Your First Mortgage • The Great Debate: Variable or Fixed Rate • Other Mortgage Details • Moving In • Case Study: Nathan

Eight: Weddings and Kids

Nine: Insurance and Wills

• Renters Insurance, a.k.a. Tenants Insurance • Home and Auto Insurance • Home Insurance Basics • Car Insurance • Life Insurance • Hotlist: Top Reasons Not to Buy Mortgage Life Insurance from Your Bank • How Term Life Quotes Stack Up • Wills

Conclusion