Canadians’ spending is increasing year-over-year — putting retirees at risk of this 1 ‘spending shock.’ Here’s how much emergency savings you need to be retirement ready
Many would-be retirees assume that once they reach those precious golden years, their spending will naturally decline — but that’s not necessarily a given. Those who have retired are seeing huge fluctuations in their annual spending — and it’s upending a lot of people’s budgets. Whether you’ve got a sizable nest egg or not, it’s […]
I’m one of the record number of Americans turning 65 this year. I love my job and want to keep working — but what should I do about Social Security?
As of last year, the U.S. is in the time frame dubbed “peak 65,” during which, thanks to the postwar baby boom, the greatest number of Americans in the history of the nation will be hitting the traditional retirement age over a four-year period (1). With this greying population comes a number of concerns — […]
This Ontario family found a way to save $14K on groceries this year thanks to some penny pinching hacks — but can the extreme saving work for everyone?
When Dee Debarros’ husband was out of a job during the COVID-19 pandemic, they needed to find a new route to help pay the bills during a difficult time. Naturally, groceries were the one essential with the highest savings potential, so the couple quickly pivoted and looked to cut costs where they could, dedicating a […]
My mom, 80, needs nursing-home care, but Medicare won’t pay for it — now the home wants to take her Social Security to cover the bills. Is that legal?
This article adheres to strict editorial standards. Some or all links may be monetized. Once you turn 65, there is a 70% chance that you are going to need some kind of long-term care during the remainder of your lifetime, according to LongTermCare.gov [1]. Unfortunately, paying for this care can be very difficult: Genworth’s Cost […]
Keeping over this amount of cash in your bank account is a serious mistake — how much do you have stashed in there?
Cash is king, right? Well, not always. Sometimes you can have so much cash sitting around in your bank account that it turns into a wealth-devouring demon. Don’t Miss Want to retire with an extra $1.3M? See how Dave Ramsey’s viral 7-step plan helps millions kill debt and build wealth — and how you can […]
I’m 63, getting divorced and feel completely off course. How do I save my retirement with just half my assets?
Divorce is often a stressful and difficult situation for couples, but what happens when you’re divorcing in your 60s and close to retirement age? To make this scenario more tangible, imagine Mark and Jen, a Mississauga couple who recently split after 35 years. Mark, 63, is worried about what the divorce means for his finances […]
High interest rates aren’t stopping Canadians from crushing their credit card debt — here’s how they’re doing it
In a country where grocery bills keep rising and mortgage payments eat into paycheques, Canadians are fighting back — one credit card payment at a time. A new Money.ca reader poll shows that nearly 90% of Canadians pay their credit card balances in full every month, proving that even in an age of record debt […]
Alberta woman says her recent vacation cost her $100K after a sudden medical emergency. Here’s how travel insurance can protect you from unforeseen costs
Insurance is one of those purchases that can feel like a necessary evil. After all, you’re paying money to cover you in case a rare incident happens. But for Alberta native Dione Amundson, her travel insurance may end up saving her around tens of thousands in medical bills. Amundson and her son traveled to Japan […]
‘It’s insane’: Lawyers are ‘making money’ and residents losing it in a 5-year-long legal battle between one Florida HOA and a frustrated resident
As if it weren’t enough to have to deal with Florida’s hurricanes, residents of Stonebriar in Pinellas County are swept up in a storm of lawsuits between their homeowners association and resident John Siamas. And just like homeowners end up paying for storm damage, they’re on the hook for the costs involved in this war […]
How financially stable am I? You’re doing better than most if you check off just 1 of these 3 boxes
It’s easy, and fairly common, to feel like you’re lagging behind everyone else when it comes to finances. According to a 2025 Leger survey for the Financial Consumer Agency of Canada, 52% of Canadians say they feel “behind” where they expected to be financially, while 1 in 4 (25%) say they feel “significantly behind” because […]