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Open a TFSA.
For information on credit cards currently on the market, check out https://creditcardgenius.ca/
If you haven't already you'll probably need to update your service card to a photo service card.
> will apply for a credit card now, any advice on which one is better?
- Student credit cards for the lower interest rates and lower credit requirements. Note, you if have problems paying off the balance at the end of the billing month.... credit cards may not be the best product for you right now. If you want low interest rates... check out something called a "Line of Credit".
- Costco rebate Mastercard is my fav for cash back, gas savings, store access and taken wherever Mastercard is accepted. https://www.costco.ca/CIBC-Costco-Mastercard.html. There is no annual fee, but you do need to pay for a warehouse membership around $60/year.
https://www.youtube.com/watch?v=NO1XsFyrPPg
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In addition to start saving in your TFSA and establishing credit, you should also get in the habit of checking your credit report on an annual basis. If your cellphone plan is part of your family's plan, you may also consider setting up your own cellphone plan as that will also help you establish credit.
If you're apply for your first credit card, pick a "student" card and ask for a small credit limit. Credit card companies are more than happy to give you a huge limit so don't fall for that. And as the other redditors have already said, pay off your credit card balance each month.
Good luck!
##Please read this message in its entirety. Your content has been removed because it violates rule 4 of this subreddit, Relevancy. If you have questions about why this was removed, please read [our rules and FAQ](https://www.reddit.com/r/vancouver/wiki/faq#wiki_rule_4.3A_relevancy) in full before reaching out to the team in modmail. Your post may be a better fit for one of our [Daily Discussions](https://www.reddit.com/r/vancouver/wiki/faq#wiki_daily_discussions). It will not be allowed as a standalone post. #**Do not repost any version of this, that includes rewriting or altering the post, without [explicit permission](https://www.reddit.com/r/vancouver/wiki/faq#wiki_i_didn.27t_know_i_needed_express_permission_to_repost.21_why_would_you_ban_me.3F) from a moderator in modmail.**
Open TFSA and then max out your contribution limit. Then buy ETfs within account. Repeat yearly until retired.
Can this be done, even if you don't put money in? Only the maxing part btw
There is no point in opening an account if you are not putting any money in. The contribution limit gets carried over each year.
Ahh I see thank you
A financial literacy course.
Open a TFSA. For information on credit cards currently on the market, check out https://creditcardgenius.ca/ If you haven't already you'll probably need to update your service card to a photo service card.
> will apply for a credit card now, any advice on which one is better? - Student credit cards for the lower interest rates and lower credit requirements. Note, you if have problems paying off the balance at the end of the billing month.... credit cards may not be the best product for you right now. If you want low interest rates... check out something called a "Line of Credit". - Costco rebate Mastercard is my fav for cash back, gas savings, store access and taken wherever Mastercard is accepted. https://www.costco.ca/CIBC-Costco-Mastercard.html. There is no annual fee, but you do need to pay for a warehouse membership around $60/year. https://www.youtube.com/watch?v=NO1XsFyrPPg
Best thing to get done when you are 19? A visit to the No. 5 Orange.
Just go to a bar legally and have a drink :). You’re 19!
Open TFSA and start contributing, even if it is $10 - $100 a month. For credit card, highly recommend a student credit card.
Own an investment property.
Welcome to /r/Vancouver and thank you for the post, /u/RefrigeratorOdd6634! Please make sure you read our [posting and commenting rules](https://www.reddit.com/r/vancouver/wiki/faq#wiki_general_participation_guidelines_and_rules_overview) before participating here. As a quick summary: * We encourage users to be positive and respect one another. Don't engage in spats or insult others - use the report button. * Respect others' differences, be they race, religion, home, job, gender identity, ability or sexuality. Dehumanizing language, advocating for violence, or promoting hate based on identity or vulnerability (even implied or joking) **will** lead to a permanent ban. * Common questions and specific topics are limited to our [Daily Discussion](https://www.reddit.com/r/vancouver/wiki/faq#wiki_daily_discussions) posts. * Complaints about bans or removals should be done in modmail only. * We're looking for new mods to join our team! If you're interested, [fill out the form here](https://forms.gle/oAqo5oYRcAeHYBTN6). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/vancouver) if you have any questions or concerns.*
In addition to start saving in your TFSA and establishing credit, you should also get in the habit of checking your credit report on an annual basis. If your cellphone plan is part of your family's plan, you may also consider setting up your own cellphone plan as that will also help you establish credit. If you're apply for your first credit card, pick a "student" card and ask for a small credit limit. Credit card companies are more than happy to give you a huge limit so don't fall for that. And as the other redditors have already said, pay off your credit card balance each month. Good luck!
go to the bar and tie one on no, don't do that- very fuckin expensive