Deflation – Living in a World of Falling Prices

Deflation - Living in a World of Falling PricesNorth America’s only enduring bout with deflation was in the Great Depression of the 1930s, a lost decade of economic hardship, high unemployment and falling prices. While there’s no immediate worry that we’re headed there, the debate has heated up as Europe copes with deep recession and a banking system on the brink. Even the U.S. is struggling after four years of weak growth. Deflation is a prolonged period of…

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Student Debt Biggest Stress

Student Debt Biggest StressA poll of post-secondary students who borrow to pay for their education suggests 58 per cent expect to graduate with close to $20,000 in debt while another 21 per cent expect to owe more than $40,000, the Bank of Montreal said Friday. The poll done for BMO done last month also suggests more students – 27 per cent – are most stressed about paying for school, higher than the 22…

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The Engagement Ring Worry – How Much to Spend?

The Engagement Ring Worry - How Much to Spend?A few weeks ago, I was talking to the man next to me on the train and the topic of engagement rings came up – or more specifically – how much a man should spend on a ring. My instinct was to suggest one month’s salary, because even at minimum wage in British Columbia, that’s over $1,600. But he insisted it would be appropriate to spend at least three months’…

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Want to Retire Early? Start Saving Now

Want to Retire Early? Start Saving NowIf you’re dreaming of an early retirement, you need to start saving at an early age, too. That can be difficult if you’re just stepping into your first full-time job, or if you’re also saving for a house or paying off a student loan. While it’s true that paying down debt and saving for a home are important, the earlier you start saving for retirement, the greater the benefits of…

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