Half of Canadian parents’ ability to save for education impacted by U.S. trade tensions
The ongoing trade tensions between the U.S. and Canada and the rest of the world have impacted national and global economies in innumerable ways. Take for example, parents’ ability to save for their child’s higher education. According to a survey from Embark, roughly half of parent respondents say these tensions have affected their investment strategies […]
I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you’ll need to make these 3 big sacrifices
If you plan on retiring and rely primarily on the Canada Pension Plan (CPP) you may have heard you will end up being perpetually cash-strapped. So, does that mean you should stay at your job? Learn to survive on noodles? Or work more to build up savings? To help you decide, you first need to […]
Are you a spender, saver, earner or ostrich? No matter your financial personality type there’s a budget for you!
If you’ve ever tried and failed to stick to a budget, the problem may not be with you but with your budgeting strategy. Different forms of financial management suit some personalities better than others — select the wrong one and you could find it difficult to stay on track. The different money personality types To […]
Bank bundles: Yay or nay, and why?
I love to bundle up. And I’m not talking about adding extra layers of clothing when it’s cold outside. I mean that I enjoy saving money when companies offer bundling bonuses or discounts to customers who get more than one product from the same merchant. It’s an especially popular marketing strategy with telecommunications, software and […]
K-pop fan saves over $1,600 for BTS concert tickets using a money saving challenge inspired by Monopoly. Here’s how it works
Gamification — the practice of adding in game-like elements into everyday tasks or education — isn’t a novel idea. But one BTS fan is making waves online after she used a Monopoly-inspired savings challenge to bank over $1,600 in just over a year to be able to see the group in concert. TikTok user mercedes.pomerleau […]
Behind closed gates: What Toronto’s wealthy know that you don’t
Tucked behind wrought iron gates in Forest Hill, Yorkville and The Bridle Path, life hums along quietly for Toronto’s ultra-wealthy, and it’s a version of the city that few average residents will ever see, let alone experience. While most of us are budgeting for our next grocery run or checking the TTC schedule, there’s another […]
‘No one should have to go through that’: This Florida woman fought back when her property manager tried to evict her — and won. Why knowing your rights protects more than just your sanity
As more Floridians face evictions from mobile home parks, Kerrie Bacci is demonstrating how to stand your ground — even if that ground is owned by a huge property management company. Bacci owns her mobile home in Shangri La Mobile Home Park in Largo, Florida. What she doesn’t own is the land it sits on. […]
Fixed mortgage rates rise as variable-rate discounts tighten: Here’s what it means for your next loan or renewal
For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — especially as rate cuts seemed like a matter of “when,” not “if.” But the tide has turned. As of early May, both fixed […]
Inflation-proof your finances: Credit card hacks to help you save on your groceries
With grocery prices soaring 3.8% year-over-year – more than double Canada’s overall inflation rate of 1.7% – your weekly shop is eating up more of your budget than ever before. But following some smart credit card strategies could put an extra $1,465 back in your pocket annually, on groceries alone. Here are the most effective […]
Exercising demons and trying to find love: How two Ontario men lost more than $150,000 to psychics. Here’s what happened and how you can avoid falling victim
What would you do for love? It’s a question we’ve likely all asked ourselves at some point, especially if we’re in a moment of emotional desperation. For Joanne Whalen from Whitby, ON, she was willing to give over $50,000 to a so-called psychic to fall in love with someone she met at a fitness club. […]