Pros and cons about consolidating credit cards
As long as you maintain consistent payments every month, your credit record will improve. You get to pay for your purchases over a period of 6 to 12 months.The Straight facility lets you pay the amount off as stated in the payment terms.
If your kids have five years or so till university, you should be invested in bonds or GICs).
Also, note that fully one-third of returns are “discretionary payments” and around 12% was due to “attrition”. In my opinion, you should carefully consider the alternatives and decide for yourself if they are better. There is no RESP administration fee and I am able to invest in one of the lowest cost mutual funds available.
It gives me flexibility (I can decide to contribute or skip entirely.
The earnings on the investment stay within the plan and is shared by children who become eligible to receive payments.
If the earnings boost from forfeited income were much larger than the total fees, you would benefit from a Group RESP. Lack of Flexibility: For most people, saving for their child’s education should have a lower priority than saving for their retirement or paying down their mortgage.