Personal Finance
How To Give Financial Advice To Your Millennial And GenZ Kids
Many Boomer and GenX parents are both puzzled and frustrated by their children’s finances. Are kids these days really blowing money that could be used for a house down payment on lattes and avocado toast? Acknowledge that times of have changed One of the main points of contention between Boomer or GenX parents and their…
Read MoreAre You Making Rational Financial Decisions?
Economists have long argued that, given the choices available, people will make rational decisions that provide them with the greatest benefit or satisfaction. Then behavioural economics, led by the likes of Daniel Kahneman and Richard Thaler, came along and showed how people behave irrationally all the time due to psychological, cognitive, and emotional factors. For…
Read MoreSticking To Your Financial Goals During The Pandemic
My wife and I had big plans for 2020. I had recently quit my day job to pursue my financial planning and freelance writing career full-time. We were going to travel the world, with trips booked to Maui, Italy, the U.K., and Victoria. We also had financial goals – specifically to max out our RRSPs,…
Read MoreHow I’m Managing My Finances Amid The COVID-19 Crisis
Here’s how I’m managing my finances amid the COVID-19 crisis, including how my financial goals have changed and how I’m managing my investments and debt.
Read MoreHigh Interest Savings Account vs. GIC
Cash is king during times of economic trouble. Working families need emergency savings to pay the bills in case of job loss or a reduction in wages. Retirees or near retirees need a cash cushion to avoid selling stocks at a loss. But should you park your cash in a high interest savings account or…
Read MoreHow To Apply For EI: Employment Insurance and EI Sickness Benefits
The COVID-19 pandemic has wreaked havoc upon the global economy. Efforts to contain the virus, such as public closures, social distancing, and self-isolation will mean that hundreds of thousands of Canadians will be laid off from their jobs. Many more have self-isolated and will lose the ability to earn an income. This article will explain…
Read MoreShould You Pay Off Your Partner’s Debt?
One of the first issues that couples face in a serious relationship is how to handle their finances. Dividing up the household bills is one thing, but what happens when one partner brings other financial baggage – such as credit card or student loan debt – into the equation? In marriage, what’s yours is technically…
Read MoreEarn up to $150 an Hour as the CFO of your Personal Finances
This is a guest post by Steven Arnott, a fellow reader and author of The Snowman’s Guide to Personal Finance: A simple approach to managing your money. You can find more of Steven’s work at snowmansguide.com or by following him on Twitter (@snowmans_guide). This article provides step by step instructions to earn between $60 to…
Read More4 Big Rip-Offs To Avoid
I’ve made my share of bad financial decisions over the years, but nothing feels worse than when a salesperson convinces you to buy something that’s not in your best interest. These kinds of rip-offs usually occur when one party has more or better information than the other. Think about the first time you bought a…
Read More2010-2019: The Decade In Review
With the ’10s quickly coming to an end, it’s a good time to reflect on the past decade and list our accomplishments. Looking back, this was an incredible decade of growth and happiness for me and my family. We are so grateful for what we’ve been able to achieve. 2010 was a big year for…
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