Facebook vs. Kijiji: Secondhand Economy Smackdown
When we moved into our new house my wife and I vowed to keep our home clean and clutter-free. We’re not minimalists, exactly, but the last thing we wanted was a basement or garage full of stuff we don’t need or use. We’ve kept up that promise, for the most part, but as our kids…
Read MoreWeekend Reading: Sad To See You Go Edition
It’s always a bit sad when someone unsubscribes from our newsletter, especially when a long-time reader moves on. But I couldn’t help but get a warm feeling this week after receiving a notification that one of our loyal readers unsubscribed: “You helped inspire me toward retirement with good financial planning over a several year period. I’ve been…
Read MoreWithdrawing From Your Retirement Nest Egg
You’ve been saving all your working life and now that you have entered your retirement phase, it’s time to start drawing from your savings. In some circumstances there will be people who will be able to live off their dividends and interest alone. Most retirees, however, will have to start spending the money they have…
Read MoreThe Ins and Outs of Income Trusts
Canadian income trusts were a beneficial alternative corporate structure for companies due to their lower tax liabilities. They are known as “flow-through” vehicles because taxation was avoided by paying out all earnings, less expenses, as dividends directly to unitholders. Income trusts first became popular investments in the early 2000’s when interest rates declined. The main…
Read MoreShopping For Car Insurance: What’s Holding You Back?
While all motorists are required by law to have car insurance, most people couldn’t be bothered to shop around and make sure they’re getting the right coverage at the best price. If you’re anything like me, you might not have even changed insurance companies since you first started driving! How do you know when it’s…
Read MoreWeekend Reading: Get Rich Slowly Edition
One of the founding fathers of personal finance blogging – J.D. Roth – returned to his roots this week to celebrate the 10th anniversary of Get Rich Slowly. J.D. hits the highlights in taking readers through his own journey to financial freedom, starting 10 years ago buried with $35,000 in consumer debt and living paycheque…
Read MoreTD Direct Investing WebBroker Platform Review
I’ve been using TD’s discount brokerage since 2009 when I made the switch from mutual funds to DIY investing. At that time, the TD Direct Investing WebBroker platform left much to be desired. The legacy web design of TD WebBroker was clunky and difficult to navigate (with 55 different navigational links!), trades cost $29 each way, and…
Read MoreYou and Money – What Does It Mean?
When my husband and I celebrated our first Christmas in our new home, we bought the perfect Christmas tree and set it up in front of the window. There it sat, bare of ornaments for several days. We were each waiting for the other to begin. You see, when I was growing up my Dad…
Read MoreThe Investor Awakens – A Star Wars Guide To Investing
This is a guest post by Daniel who blogs at Urban Departures to help families set their personal finances on autopilot. His knack for saving fuels his love for travelling. He shares his secrets in Grow Them Savings, a one of a kind course designed to simplify investing for people with better things to do.…
Read MoreA Salute To Your Local Library: Save Money With A Library Membership
I recently spoke with a relative who I know is quite an avid reader like me, and I was surprised to hear she has never gone to her local library. Me: “Doesn’t it get expensive to buy all those books?” She: “I get them on sale or from the used book store.” Me: “Still…..” One…
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