I’m 43 years old and was forced to spend my entire emergency fund on a sudden home repair and an unexpected medical procedure. How can I rebuild my savings after times of crisis?
When you’ve worked hard to save up an emergency fund, it can be really frustrating when all the money suddenly disappears. This may be especially true if you’re 43 years old and spent years saving for a sense of financial security. The good news is that you were able to use that emergency fund to […]
Can buying in bulk cost you more? Why Americans desperate for savings should be wary of warehouse clubs like Costco
With prices rising, consumers are increasingly looking for ways to save money. And one way to do that is through warehouse club retail stores, like Sam’s Club, Costco and BJ’s Wholesale Club. But is membership all it’s cracked up to be? Shopper Britney Downing tells KHOU-11 that she saves on cereal for her five kids. […]
Is homeownership still a pipe dream? Home affordability slipped further in 12 of 13 major markets, report shows
While the Bank of Canada interest rate has dipped over the past few months, home affordability slipped further in January, as rising prices raised the income needed for a mortgage in 12 of 13 major markets, according to a report by Ratehub. This marks the second month in a row where affordability declined. Prior to […]
Are you willing to spend $20,000 or more on a dog? Here are 15 of the most expensive dog breeds in Canada
My dog lives like a king. And he’s grown accustomed to this lavish lifestyle. From the time I purchased him from a breeder ($1,000), to expected and unexpected vet bills, grooming costs and an extensive (and impressive) wardrobe, let’s just say that I’m glad that I started budgeting for him well before he came into […]
Is $1.5 million the ‘magic number’ for retirement savings in the US? Here are the top 4 best and worst states for making it last
Americans now believe they’ll need more money to retire comfortably than they did even a few years ago. The “magic number” for retirement savings has grown by more than 50% since 2020 to roughly $1.5 million, according to Northwestern Mutual’s Planning & Progress Study 2024. Don’t miss I’m 49 years old and have nothing saved […]
Prof G warns America is creating dynasties of ‘unproductive young rich people’ — but they’re not very happy and that’s ‘good news’ to him. Here’s why and his $10,000,000 solution
The Great Wealth Transfer currently underway isn’t a solution for wealth inequality. Instead, it’s likely to fuel a rising “dynasty” of young people with too much money and too little motivation to work, according to NYU professor Scott Galloway. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I […]
America’s ‘sandwich generation’ is taking care of young kids, aging parents, themselves — but at a serious cost to their financial future. Here’s the math and how to adjust
They dreamed of retiring at 62, but now, the Gomezes are staring down another decade of work. The husband and wife are in their 50s and they told CBS News they’re drowning in financial obligations. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here […]
Is living paycheque to paycheque the new norm for many Canadians?
Sometimes, it’s not about keeping up with the Joneses, but about saving for a rainy day. But it seems that an increasing number of Canadians feel they aren’t able to do either these days. A new H&R Block Canada survey reveals only 7% of Canadians are putting a fifth of their paycheque into savings. "While […]
San Diego bans grocery stores from offering digital-only coupons, arguing seniors and low-income families end up paying more
San Diego has banned grocery stores from offering only digital coupons after the San Diego City Council voted unanimously in favor of the Grocery Pricing Transparency Ordinance. It’s just one move by states looking to alleviate the financial burden many families are facing at the grocery store. The ordinance, which still has to return to […]
‘It just looked odd’: This Boston homeowner found out his home was split in half 80 years before he bought it — 3 costly mistakes to avoid when budgeting for a historic home improvement
What seemed like an ordinary house in Boston’s Roslindale neighborhood is set to become a historic landmark, thanks to an intriguing discovery by its current owner, Adam Shutes. The house at 318 Metropolitan Boulevard caught Shutes’ attention in 2016 when he noticed something unusual about its layout. Don’t miss I’m 49 years old and have […]