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

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In this economy, traditional personal finance advice can no longer help you

Articles of Interest   |   May 19, 2023

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Saijal Patel is the founder and chief executive officer of Saij Wealth Consulting, a consultancy and education platform dedicated to empowering women’s financial independence and security. As a financial educator and a business TV host, I’m... read more

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Young adults are giving up on home ownership, and a lot of them are furious about it

In the News   |   May 4, 2023

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Falling house prices have failed to make home ownership more affordable. Young adults are not taking it well. To gauge the mood of Gen Z and millennials on home ownership, I ran a survey in... read more

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Soaring rents mean living with roommates can cost $1,000 or more per person

Articles of Interest   |   April 26, 2023

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Mackenzie Larochelle, 26, and his girlfriend have what he calls an excellent deal: For a three-bedroom townhouse with a finished basement and two other roommates, they each pay $1,125 a month in rent. On their... read more

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Nine in 10 parents are helping their adult kids financially: Here’s how much they’re spending, why and where the money goes

Articles of Interest   |   April 14, 2023

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Almost 37 per cent of parents with adult kids are helping with grocery costs, almost 25 per cent are helping with rent, 10 per cent are helping with mortgage payments and nearly half provide random... read more

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The First Home Savings Account just launched: Who should have one, who offers them and key rules

Articles of Interest   |   April 4, 2023

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The way of things in Canadian personal finance is that it can takes years for a new vehicle like the First Home Savings Account to achieve mass popularity. Let’s skip that whole getting-to-know-you thing with the FHSA.... read more

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How to make a budget: Best apps and templates, cash-only budgeting and more

Articles of Interest   |   March 29, 2023

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It’s one thing to understand the importance of a budget – it’s another to actually follow a budget. The budget is one of the most basic personal finance tools. It’s a monthly tally of your income and... read more

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Canada’s inflation rate eases by most since early in the pandemic, but grocery costs still rising fast

In the News   |   March 22, 2023

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Canada’s annual inflation rate fell to 5.2 per cent in February, the biggest drop since the early stages of the pandemic, although grocery prices are still climbing by more than 10 per cent. Financial analysts had been... read more

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If you’re renewing a mortgage or buying a house, the collapse of Silicon Valley Bank is the best news in ages

In the News   |   March 14, 2023

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To be mercenary about the demise of Silicon Valley Bank, it’s the break people buying a home or renewing a mortgage have been waiting for. The global financial system has been shaken by the failure of... read more

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Bank accounts 101: Opening an account, banks vs. credit unions, fees and more

Articles of Interest   |   March 13, 2023

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Almost every Canadian has a bank account and there are branches everywhere – banks are so ubiquitous most of us don’t give them much thought. But knowing how banking works can help you make, and... read more

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Making money the safe way: Pros and cons on five ways savers and investors can exploit high interest rates

In the News   |   March 2, 2023

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The easiest win in personal finance can be found in the interest rates paid on risk-free savings right now. Interest rates climbed steadily last year, and they’re now expected to hold more or less steady... read more

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HELOC vs reverse mortgage for parents helping kids buy a home

In the News   |   March 1, 2023

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It seems most urgent for parents to help their adult children get into the housing market when real estate prices are soaring. But now is actually an opportune moment to consider offering money for a... read more

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The case for raising RESP limits to keep pace with soaring inflation

In the News   |   February 21, 2023

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While inflation has massively increased the cost of a postsecondary education by driving up prices for tuition, food and rent, at least one thing has not kept pace with soaring education expenses: registered education savings plans. The... read more

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Have restaurants priced themselves out of reach?

In the News   |   February 17, 2023

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My wife and I were at a Swiss Chalet not too long ago for dinner before a movie and they were too full to accommodate us. I am not kidding. With close to all the... read more

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Managing debt: Snowball vs. avalanche, consolidation, bankruptcy and more

In the News   |   February 6, 2023

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Debt, says Toronto insolvency trustee Steve Welker, is like quicksand. “You dip your toe in just a bit, you’re fine for a while, then your car breaks down or you lose your job, then suddenly you’re... read more

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New car 101: Expert tips and advice for buying a new vehicle in Canada

In the News   |   January 27, 2023

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There’s no easy way to buy a new car. They’re expensive, and the process is stressful and time-consuming. The good news is there have never been more resources available to help buyers make informed decisions. A... read more

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