How to navigate growing crypto regulation in Canada Dec 23rd
MoneySense’s free Excel template for your monthly budget Dec 21st
Playing with FIRE: Why financial independence looks different for young Canadians + MORE Mar 27th
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 11th
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more Feb 7th
But determining when saving is truly worth it is an important part of managing your money. While some deals do save you cash upfront, you might find yourself spending more money in the long run than if you’d paid in full. Sometimes, a lowball price tag isn’t actually that great for your overall financial goals.
If you’re a renter, you might be frugal with certain items, or go without them, to save a few dollars. Here are the times when it’s not really worth it to aim for a bargain.
Not buying tenant insurance
If you’re an inexperienced renter (say, a post-secondary student), you’re on a tight budget or you just don’t like paying for something intangible, you might be tempted to forgo tenant insurance.
Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense…
Good habits that can help you improve your credit score
– moneysense.ca
Your credit score affects your chances of getting approved for a credit card, a mortgage or a personal loan. It can influence your chances of getting lower interest rates on loans, and it may even impact your ability to land a job or rent an apartment.
What is a credit score?
A credit score is a number, usually between 300 and 900, that indicates your creditworthiness. The higher your score, the better. Numerous factors affect your score including how much debt you carry, whether you pay your bills on time, and your credit history. (Not everyone has a credit score. If you’re a student or a newcomer to Canada, or if you haven’t used credit in a while, the credit bureaus may not have enough information to determine your score.)
The higher your score, the greater confidence banks and other lenders will have in your ability to pay them back…
Making sense of the markets: 2021
– moneysense.ca
One of the best things about writing this weekly markets column is that I’m creating a timestamped catalogue of meaningful events. It’s a diary of the markets. And this week, as the year 2021 came to a close, I’m looking at the major stories of the year from my columns—and they are likely to still make an imprint on 2022.
This was the first full year of the pandemic. It’s incredible that almost two years ago, I offered how to prepare your portfolio for the coronavirus outbreak on my own website. It was not yet labelled a pandemic, and the virus had yet to be called COVID-19. It shows the stock market performance during the 12 previous modern-day outbreaks since 1980, starting with the HIV/AIDS pandemic. What’s incredible about the post is that it shows how stocks reacted during the first modern pandemic and set records for performance during a viral outbreak…
