Old-school financial advice that no longer applies Feb 12th

TSX getting you down? There are always sound investment alternatives.
Latest News
 dividend

NATO set to unveil billions in arms deals to prove its firepower to Trump + MORE Jul 7th

ANKARA, Turkey (AP) — NATO on Tuesday will showcase a series of new military projects worth billions of dollars in an attempt to convince U.S. President Donald Trump that the allies are stepping up defense spending and converting investment into….... More »

U.S., Israel launch ‘massive and ongoing’ attack on Iran - The Globe and Mail Feb 28th

U.S., Israel launch ‘massive and ongoing’ attack on Iran  The Globe and MailMultiple Gulf Arab states that host US assets targeted in Iran retaliation  Al JazeeraExplosions Heard In Abu Dhabi, Qatar Intercepts Iranian Missile  NDTVIran targets US bases amid joint US.... More »

'An insult': Wood manufacturer unimpressed by $12M investment in B.C. forestry in face of U.S. tariffs - CBC May 15th

'An insult': Wood manufacturer unimpressed by $12M investment in B.C. forestry in face of U.S. tariffs  CBCSee more headlines & perspectives on Google News.... More »

The best GIC rates in Canada for 2026 + MORE Apr 8th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? Jun 9th

The province is funding the investment through the Build Ontario Fund, a Crown agency with a mandate to invest in needed infrastructure that makes a profit..... More »
Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world.

As younger Canadians continue to face high housing costs, slowing wage growth and other challenges, age-old financial adages have become outdated, forcing a rethink of what smart money management looks like today. Here are some common rules of thumb for money management that financial advisers say need re-examining.

Housing should only take up a third of your budget

“If you’re trying to stick to this rule, you can only afford to buy a home that’s $500,000, which is well below the average across the country, and it doesn’t go very far in most major cities,” said Jason Nicola, certified financial planner at Vancouver-based Nicola Wealth. He cites research that shows just how much things have changed from previous generations…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!