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New | Money: what young people really want to know View Now. ×

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The five most important numbers for checking the health of your personal finances

In the News   |   October 23, 2020

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A health check for your finances is a must in this year of the pandemic. For financial extremes, 2020 is unparalleled. Jobs and incomes were decimated while stocks and houses soared in price. Savings were... read more

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Hey, wasn’t saving more money during COVID-19 supposed to make us feel better about our finances?

In the News   |   September 22, 2020

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Having a whack of money in a savings account is smart personal finance, and not just in a pandemic. But let’s not oversell the benefits. A cash cushion will help your finances, but not necessarily... read more

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The ‘decade of the home’ is coming – will young adults be locked out?

In the News   |   September 18, 2020

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Our homes are going to be even more central to our lives in the next decade. You’ll find a lot of millennials and members of Gen Z watching this trend from their vantage point in... read more

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It’s amazing what not spending on travel and eating out can do

In the News   |   September 14, 2020

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Canadians added an incredible $127-billion to their savings in the first half of the year. How did they do it? Some fresh numbers on consumer spending from RBC Economics offer some perspective. While overall consumer spending was up 2... read more

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Savers stashed $127-billion in 2020 – it may just rescue the economy

In the News   |   September 11, 2020

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Lots of attention has been paid to the financial risk-takers in the pandemic – the people bidding to buy houses, buying expensive stocks and dipping into speculative things like gold and bitcoin. But the ones who may... read more

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The war on savers could grind on for years

In the News   |   July 24, 2020

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As ever when the economy struggles, interest rates are being held at low levels that encourage borrowing and instill a feeling of futility in savers. Bank of Canada governor Tiff Macklem said last week that rates will... read more

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A smarter strategy for young, app-focused investors treating the stock market like a game

In the News   |   July 16, 2020

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Young investors have been doing some questionable things with the new free stock-trading apps that have surged in popularity during the pandemic. Let’s skip the finger-waving admonishments and just say that these investors are buying... read more

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The 2020-21 academic year will be the best ever for postsecondary students who need a hand financially

Articles of Interest   |   July 2, 2020

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All that is fun about university and college has been pretty much wrecked by COVID-19 and physical distancing. But what students give up on the social side of their postsecondary education will be offset by... read more

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Savings rates drying up as a shaken nation rethinks the stock market, risk and the value of safety

In the News   |   June 16, 2020

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The vise is closing on savers. After holding up nicely through the spring, interest rates on savings accounts and guaranteed investment certificates are on the decline. The timing couldn’t be worse for the people who... read more

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Did your car insurer step up?

In the News   |   June 12, 2020

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Insurance companies are quick to increase their premiums when facing higher claim costs, so it’s reasonable to expect the opposite when claims fall. Physical distancing to combat the pandemic has meant people are doing a... read more

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Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation

In the News   |   May 26, 2020

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Hard lessons in personal finance have rained down on us since the pandemic began. The Pandemic Personal Finance Update has tried to keep track of them. The first instalment appeared March 23 and covered falling stocks and... read more

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Can we please stop worrying about inflation?

In the News   |   May 15, 2020

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The economy is being held together with financial duct tape right now, but people are starting to worry about inflation. Inflation fears arise from massive government spending to support the economy through the pandemic. Inflation... read more

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Homeschooling Your Kids in These Anxious Times? It’s a Great Time to Talk With Them About Money

Behind the Breaking News   |   May 13, 2020

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Well, what extraordinary times we are living through – likely unprecedented in all of our lifetimes. It will be fascinating to see what comes of this time, how we come out of it and what... read more

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27 ways for the financially fortunate to help out

In the News   |   April 3, 2020

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There appears to be a pandemic generosity effect. In the last edition of this newsletter, I asked people who are financially secure in these uncertain times what ideas they had to help others who are struggling. A... read more

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Top 10 hard money truths for teens and young adults

Discussion Topics   |   April 2, 2020

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We need to raise our game in teaching teenagers about money and, no, that does not mean finding new ways to explain the wonders of compound interest. Equipping young people for financial success today requires... read more

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