So, it seems like the average “Generation Y” guy or gal doesn’t know what an RRSP is.
Most of my friends tell me “it’s a mutual fund“. So that’s why i am here. To try and explain that it is not a mutual fund, but it can hold a mutual fund. And explain much much more about that elusive and tangible thing, money (and how to save it)!
One of the other reasons I decided to make this website is that my sisters (er… they are 21 and 23 respectively, and yes, they are a bit sheltered), didn’t know the difference between a debit and credit card.
Yes, I know that is a bit extreme, but I plan to write about the very basics to the higher level in terms of saving, investing, etc. etc. because we didn’t get taught about money in school. And our parents (bless their baby boomer hearts) worked so hard so that we could live in excess and take everything for granted and not work a day in our lives and not know “what the value of a dollar” is.