What if your income isn’t the constraint you think it is? + MORE Sep 17th

Here’s a round-up of news for Canadian investors this week.

Groupe Dynamite

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Empire

Featured RRSP Accounts

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EQ Bank

Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.

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Registered GIC rate

Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year.

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Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…

There was a period in my early twenties when I got very good at living on very little. I had some savings but no income, as I was between jobs. I was not entirely sure yet what I was looking for, so the search took longer than it should have. Somewhere in that stretch, I discovered something that surprised me: I could make my money last—and I mean really last.

I got very good at optimizing what I spent. I stretched each dollar further than I thought possible, and at first that felt responsible. Then, I noticed something less flattering. The better I became at living on less, the less urgency I felt about finding my next role. I was still looking, technically. I just wasn’t doing the hard parts of looking. I had made my own uncertainty comfortable enough to live inside.

That experience changed how I think about frugality, and not in the way most people would expect. I still believe in spending thoughtfully. What I no longer believe is that “spend less” is a complete financial strategy on its own…