MONEY MANAGEMENT ALL-IN-ONE FOR CANADIANS FOR DUMMIES 2ND EDITION

All the information you need to manage your money wisely in one great guide


Looking to expand your knowledge of money management? This all-in-one resource is the tool you need. From dealing with debt and setting financial goals to starting a small business and planning your estate, this indispensable desk reference is bursting with sound financial advice. Our Canadian financial experts offer the insight you need for making first-class money-management decisions.


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Setting financial goals — determine your money personality and set a financial course that works for you


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Getting yourself out of debt — tackle credit problems and expense issues to set yourself on the right path


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Buying and selling a home — get the home of your dreams for the best price and sell your house easily and profitably


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Understanding investing essentials — explore your options to make the most of your money


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Building wealth through stocks, bonds, and mutual funds — buy the most profitable investment vehicles no matter what the economic climate


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Planning your retirement — build your RRSPs to enjoy a comfortable retirement free from money worries


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Readying your estate — ensure that your estate is properly managed and safe from taxes


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Starting a small business — set out on an entrepreneurial adventure with everything you need to be successful




"An indispensable reference guide."
—Mike Gillespie, Canwest News Service


Open the book and find:


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How to manage your money to meet your goals


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Budget tips to help you save more


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How to reduce the taxes you pay


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Expert tips on buying your perfect home


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The best investments for your personality and goals


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How to build a diversified portfolio


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The scoop on how much you'll need to retire comfortably


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Essential information on estate planning


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What you need to succeed in small business

Andrew Bell is a host on Business News Network.


Andrew Dagys and Paul Mladjenovic co-wrote Stock Investing For Canadians For Dummies.


Tony Ioannou and Heather Ball co-wrote Buying and Selling a Home For Canadians For Dummies.


Margaret Kerr and JoAnn Kurtz are lawyers and entrepreneurs.


John Lawrence Reynolds is a best-selling author.


Kathleen Sindell is a professor and consultant.

Introduction 1


Book I: Taking Stock of Your Financial Situation 7


Chapter 1: Your Financial Snapshot 9


Chapter 2: Setting Financial Goals 23


Chapter 3: Distinguishing Needs from Wants 33


Chapter 4: Saving Smartly 43


Chapter 5: Spending Wisely 49


Book II: Money Management Basics 59


Chapter 1: Getting Credit (Where Credit Is Due) 61


Chapter 2: Getting Into Debt 69


Chapter 3: Getting Out of Debt 85


Chapter 4: Budgeting and Record Keeping 113


Chapter 5: Planning for the Inevitable: Taxes 137


Book III: Home Sweet, Home Free 145


Chapter 1: Deciding to Buy 147


Chapter 2: Discovering Your Perfect Home 173


Chapter 3: Getting the Home You Want 201


Chapter 4: Deciding to Sell 221


Chapter 5: Preparing to Sell Your Home 243


Chapter 6: Sealing the Deal 261


Book IV: Investment Fundamentals 289


Chapter 1: Setting Realistic Goals and Expectations 291


Chapter 2: Your Savings Choices: Savings Accounts, Tiered Accounts, and GICs 299


Chapter 3: Stocks, Bonds, Mutual Funds, and Real Estate 305


Chapter 4: Monitoring Your Progress 327


Chapter 5: Becoming an Effective Investor 337


Book V: Making Your Investments Work for You 345


Chapter 1: Buying Mutual Funds 347


Chapter 2: Types of Mutual Funds 373


Chapter 3: The Essentials of Stock Investing 395


Chapter 4: Before You Get Started with Stocks 413


Chapter 5: Buying and Selling Stocks 433


Chapter 6: Investing in Bonds 447


Chapter 7: Screening Mutual Funds Online 459


Chapter 8: Internet Stock Screening 467


Chapter 9: Valuing Bonds Online 475


Book VI: Somewhere over the Rainbow: Retirement Planning 485


Chapter 1: Getting Started with Your RRSP 487


Chapter 2: What to Expect from Your RRSP 503


Chapter 3: Your RRSP Strategy 513


Chapter 4: Withdrawing Money from Your RRSP 529


Chapter 5: The Time Has Come to Cash In! 537


Book VII: Estate Planning 553


Chapter 1: Estate-Planning Basics 555


Chapter 2: The Taxman Cometh: Taxes and Your Estate 563


Chapter 3: Creating an Estate Plan 585


Chapter 4: Reading and Understanding a Will 617


Chapter 5: Power of Attorney and Your Living Will 633


Book VIII: Taking Care of Business 649


Chapter 1: Show Me the Money: Sourcing Financing for Your Business 651


Chapter 2: So Long and Thanks for All the Cash 671


Chapter 3: Paying Your Dues: All about Taxes 689


Chapter 4: Close Encounters with Accounting 707


Chapter 5: When Your Business Springs a Leak 723


Appendix A: Your Personal RRSP Planner 733


Appendix B: Prepare to Meet Your Lawyer 735


Appendix C: Instructions for Your Executor 747


Appendix D: Inventory for Your Executor753


Appendix E: Sample Business Plan 759


Index 781