Personal Finance

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Know What Fees You’re Paying and How to Minimize Them

Know What Fees You're Paying and How to Minimize Them

Few things in life are free. Sure, there are free samples of protein bars at grocery stores and free hand-me-downs from grandma, but it costs you time to wait in line for the snack and effort to drop unwanted items... (Continue reading)

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5 Major Differences Between Cheap and Frugal

5 Major Differences Between Cheap and Frugal

In response to my recent post about splitting expenses with friends, one commenter wrote that there is a fine line between cheap and frugal. I happen to agree. For example, when dining in a group, I recommend that each individual... (Continue reading)

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12 Really Crappy Ways to Lose Your Money

12 Really Crappy Ways to Lose Your Money

A few years ago, when I went to a spa resort in Arizona to de-stress, I accidentally left my phone on in my purse for four days. While I hiked in the desert, played with horses and performed yoga sun... (Continue reading)

RRSP Ages and Stages

RRSP Ages and Stages

Everyone knows it’s RRSP season, but what’s less obvious is how to best direct your contributions over the years. Different ages and life stages call for different strategies. There’s an overarching theme, though: anything you can put toward your retirement... (Continue reading)

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Mortgage First RRSP Later

Mortgage First RRSP Later

Judging by the barrage of Registered Retirement Savings Plan (RRSP) information you would think making a contribution before the March 3rd deadline is a slam dunk no matter who you are. The truth is; it doesn’t make sense for a... (Continue reading)

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Take Full Advantage of Tax-Free Savings Accounts

Take Full Advantage of Tax-Free Savings Accounts

Recent data indicate that Canadians are saving more. Statistics Canada reports the Household Savings Rate is currently 5.4%, a 0.4% increase from the previous year. Likewise, a recent BMO Bank of Montreal study found that 48% of Canadians are now... (Continue reading)

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Canadians Just Dont Understand TFSAs

Canadians Just Dont Understand TFSAs

Tax-free savings accounts (TFSA) may be increasingly popular, but they also have a lot of Canadians scratching their heads. Forty-eight per cent of Canadians have a TFSA, up from 23 per cent in 2012, according to Bank of Montreal’s recently... (Continue reading)

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Top 6 Threats to Your Finances in 2014

Top 6 Threats to Your Finances in 2014

Mounting debt We’re all another year older, and as the old song goes, deeper in debt. The latest measure of household debt by Statistics Canada shows the average household owes nearly $1.64 for every dollar it earns in a year.... (Continue reading)

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Kids Develop Money Habits By Age Seven

Kids Develop Money Habits By Age Seven

Kids develop money habits by the time they’re seven, according to recent research from Cambridge University. And that means that parents’ financial styles have an influence on their kids own fiscal skills well into adulthood. Backed by London’s Money Advice... (Continue reading)

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5 Practical Financial Preparations For a Long-Term Vacation

5 Practical Financial Preparations For a Long-Term Vacation

When that first cold wind or frost hits, I’m always surprised. I have no clue why — I’m Canadian, a Winnipeg native — and I’m well acquainted with this country’s winters. If the chilling reminder of what’s in store this... (Continue reading)

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