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Latest News
Creating a will is the “adulting” milestone you need to hit this year + MORE Jul 19th
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
As a Young Adult, These Are The Top 3 Financial Lessons I Learned in 2018 Jan 4th
Growing up, I thought I always had a knack for being financially responsible. My parents constantly lectured me about the importance of spending within my means and saving from a young age, so I would be careful not to spend too much while out with friends, and would throw a few dollars in my savin.... More »
What you need to know about the first-time homebuyers savings account + MORE Apr 3rd
How to go about securing the best savings strategy in Canada.
What you need to know about the first-time homebuyers savings account - thestar.comContinue Reading On thestar.com »
What are money scripts? What’s yours? - moneysense.caMoney scripts impact our thoughts, feelings and bel.... More »
Is an Energy Star dryer worth the cost? + MORE Dec 23rd
Starting in January, new Energy Star-certified clothes dryers will become available in Canada. These machines—equipped with moisture sensors that shut off machines when clothes are dry and pumps to recycle hot air back into the drum—promise to use 20% less energy than older models. Just don’t .... More »
How to save and invest smarter: What Canadians need to know Dec 31st
The current economy is impacting how Canadians save and invest. According to a recent survey by TD, 65% of Canadians reported that the high cost of living is impacting their ability to meet their financial goals.
Many Canadians are turning to their savings accounts to manage growing financial pre.... More »
What You’ll Really Learn About Finance At School
– ratesupermarket.ca
Many grads recall their university or college years as some of the best of their lives. They may also remember them as the most expensive; funds can be scarily low when tuition, books, dorm rooms and meal plans must be paid for.
Money management is key during those years; students need to employ strategy to stretch their savings as far as possible. But those saving strategies shouldn’t go out the window once exams have finished and a steady paycheque is on the horizon. Here are five student financial tips that everyone should heed.
Cut Down On Swiping
Relying on your credit card is the easiest way to spend beyond your means. Students often learn this the hard way, wracking up thousands of dollars of credit card debt that, when combined with student loans, leave them floundering after graduation. According to recent research by TD Canada Trust, 31 per cent of students and recent grads wished they had been more responsible with their credit card while at school. Thirty eight per cent of Gen Y-ers report having debts from credit cards, lines of credit and loans…
Income splitters take note
– moneysense.ca
The CRA is increasing the prescribed rate from 1% to 2% in October. Prescribed rate loans are often used as an income splitting strategy by families to lower taxes. Here’s how the change will affect investors.
We’ve heard our fair share of bad “pick-up lines” on the dating scene. The Canadian Finance Blog lists pick-up lines from financial planners.
A high-end Japanese eatery began refusing tips after it raised it’s menu prices in order to better pay staff sparking a debate about the merits of tipping among restaurant goers. Tell us what you think by answering our poll question below.
We’ve heard our fair share of bad “pick-up lines” on the dating scene. The Canadian Finance Blog lists pick-up lines from financial planners.
A high-end Japanese eatery began refusing tips after it raised it’s menu prices in order to better pay staff sparking a debate about the merits of tipping among restaurant goers. Tell us what you think by answering our poll question below.
At a restaurant, would you rather…
ETF choices are less important than you think
– moneysense.ca
The comments following my recent post about new ETFs from Vanguard were another reminder of just how often investors get overly focused on products. I accept part of the blame here, since I write a lot about the relative merits of specific funds. But I want to be clear that the choice between similar ETFs or index funds is not nearly as important as many people believe. In many cases, it’s trivial.
Successful investing is about saving regularly, keeping costs and taxes low, diversifying broadly, and sticking to a plan. For index investors, selecting appropriate ETFs is important, but it should only come at the end of the planning process. These important steps should come first:
1. Determine the asset allocation appropriate to your goals. This is the most important decision of all, as it will determine your portfolio’s expected risk level and expected rate of return. My model portfolios are all based on a mix of 60% equity and 40% bonds, which isn’t appropriate for everyone. The right mix of stocks and bonds for you depends on your current savings rate and your ability, willingness and need to take risk…
Successful investing is about saving regularly, keeping costs and taxes low, diversifying broadly, and sticking to a plan. For index investors, selecting appropriate ETFs is important, but it should only come at the end of the planning process. These important steps should come first:
1. Determine the asset allocation appropriate to your goals. This is the most important decision of all, as it will determine your portfolio’s expected risk level and expected rate of return. My model portfolios are all based on a mix of 60% equity and 40% bonds, which isn’t appropriate for everyone. The right mix of stocks and bonds for you depends on your current savings rate and your ability, willingness and need to take risk…
