Canada Money

Follow This Money Do Checklist To Change Your Life in Six Weeks

Anita Saulite | Posted 09.20.2014 | Canada Living
Anita Saulite

Put your saving strategy and bill payments on auto pilot. We all know it, but saving money each month is saving for the future. Just know, savings are what you pay yourself, and if you want to secure your golden years and worry less, then pay yourself first. Set up automatic bill payments.

Are You Spending More Than Your Relationship Can Afford?

Tim Paziuk | Posted 09.19.2014 | Canada Living
Tim Paziuk

In most households, one person takes responsibility for the household finances. This can work well as long as the person controlling the finances isn't the one with the problem. I think it makes sense that if you're living as a couple and you have joint bank accounts that both partners know what's going on.

LOOK: The Queen Is Not Amused As She Ages

The Huffington Post Canada | Posted 08.22.2014 | Canada Living

Canadians are well used to seeing the Queen featured on their money, but when was the last time you stopped to take a good hard look at how she's agin...

We Are Living Longer and Not Saving. Let's Change That

Anita Saulite | Posted 08.12.2014 | Canada
Anita Saulite

The fact is we are living longer and not saving. And most of us have no idea how much to save in order to have a care-free retirement that reflects our lifestyle needs. Recent research suggests that a nest egg of $750,000 is required.

Estate Planning Will Give Your Loved Ones Peace of Mind

Andrew Sheppard | Posted 08.06.2014 | Canada Business
Andrew Sheppard

Being the executor of a loved one's estate can be a very difficult task. With an estate plan in place and by taking a few basic steps to prepare, you can reduce the stress and loss of estate value considerably. Estate planning involves tough questions that ultimately give you and your loved ones peace of mind.

8 Tips to Teach Young Kids About Money

Dr Dina Kulik | Posted 08.04.2014 | Canada Living
Dr Dina Kulik

Are your kids dying to go on a special trip? Want a new computer or basketball net? Try 'saving' as a family. Have your kids help you save, and let them help you make smart choices so that you can save towards the common goal.

What To Consider When Lending Money To Loved Ones

Jeffrey Schwartz | Posted 07.29.2014 | Canada Business
Jeffrey Schwartz

Have you ever had one of your friends ask to borrow money from you? Most of us are willing to oblige when the amount is small -- like $10 or $20 -- but what about when the amount is more significant? You are placed in an extremely difficult spot when a friend or family member is asking for $1,000, $5,000 or more.

We Need to Talk About Seniors and Money

Yvonne Ziomecki | Posted 09.13.2014 | Canada Business
Yvonne Ziomecki

We've found that there's just not enough conversation around health and aging and its impact on money. It's extremely important that all ages, but especially seniors, prepare for major life changes -- from divorce to illness and everything in between.

Sting Is Right to Deny His Kids A Big Inheritance

Samantha Kemp-Jackson | Posted 09.01.2014 | Canada Music
Samantha Kemp-Jackson

You think that kids of celebrities have it easy? Think again. Sting's surprising announcement that he's not leaving any of his vast fortune to his children was a shock to many. How could this multimillionaire leave his kids to have to *gasp* work for a living? It just didn't seem right.

LOOK: $7.4-Million Cottage Proves You Can't Afford The Outdoors

The Huffington Post Canada | Maham Abedi and Daniel Tencer | Posted 07.16.2014 | Canada Business

Those wild hikes in house prices in Calgary, Toronto and Vancouver are beginning to spill over into cottage country, real estate agency Re/Max says in...

Music Auctions Gone Wild: Dylan's Lyrics, Lennon's Car, Elvis' Hair

The Huffington Post Canada | Joshua Ostroff | Posted 06.25.2014 | Canada Music

The hand-scribbled lyrics to Bob Dylan's "Like a Rolling Stone" just sold for $2 million, a world record for a popular music manuscript and the "the o...

ALL-TIME HIGH

CP | Posted 06.19.2014 | Canada Business

TORONTO — The Toronto stock market closed at a record high as traders received reassurances from the U.S. Federal Reserve that it likely won't move ...

Before Your Debt Gets Out of Control, Make a Plan

Shaun Goolcharan | Posted 08.16.2014 | Canada Business
Shaun Goolcharan

For the average person, debt management seems like a simple strategy. But it is easy for debt to get out of control -- the sooner you make a plan and stick to it, the better it will be for you in the long run.

Can Money Really Buy You Happiness?

Anita Saulite | Posted 07.27.2014 | Canada Business
Anita Saulite

The answer to the age old question is in: money can buy you happiness. But not so fast, because it's not that simple or straight forward. The reality is, what we do with our money each and every day matters.

How To Worry Less About Money

Anita Saulite | Posted 07.12.2014 | Canada
Anita Saulite

Life experiences will enrich your life. Things won't. Each time you reach into your wallet to spend, think about what it is you are actually doing. You will acquire greater respect for your money when you follow the money trail. Don't let your money lead you down a dead end street.

Top Five Tips For Manifesting Your Dream Life

Sacha DeVoretz | Posted 06.23.2014 | Canada Living
Sacha DeVoretz

In the early 2000s I started to read about the Dalai Lama. It was a revelation to view the world through the eyes of compassion. Venturing to the grocery store, driving in traffic, all became a practice of kindness. Then after I became comfortable with the concepts of Buddhism. I embarked on yoga. This extended my mindfulness. Now I continue to bring these concepts together and combine them with visualization.

How to Spend Money Mindfully

Anita Saulite | Posted 06.23.2014 | Canada Living
Anita Saulite

Making mindless decisions with our money may create short term bliss or satisfaction but can have long term impacts on our financial well-being and financial security. When we make mindless decisions with our money, we don't take the time to really understand our thoughts, feelings and actions around our choices.

Budgeting Today Will Set You Up For Success Tomorrow

Shaun Goolcharan | Posted 06.14.2014 | Canada Business
Shaun Goolcharan

Do you have a budget? It is one of the most fundamental steps in making your money work for you. A personal budget is a basic estimation of the revenue and expenses over a specified period of time. Whether your goal is a down payment for a new house, saving for your child's education, a dream vacation or simply retirement, a budget is the answer to helping you reach your financial goals.

Simple Ways to Make Tax Season Painless

Jeffrey Schwartz | Posted 06.11.2014 | Canada Business
Jeffrey Schwartz

Tax season has begun. This yearly tradition is dreaded by many Canadians, but it doesn't need to be. Taxes are what keeps our roads paved, our schools running, and our health care free. When we think about the money we give to the government, we don't always realize that our money is going towards things we take for granted every day. So, approach the upcoming tax filing deadline with a positive outlook.

Treat Your Time Wisely and You'll Be Rewarded

Anita Saulite | Posted 06.09.2014 | Canada Business
Anita Saulite

Like most working women, I feel time starved. My plate is full. There never seems to be enough hours in the day to get done all the things I need to get done. I am constantly making trade-offs. And, as an entrepreneur with a school aged child, I have less wiggle room.

The Australian Pension System Won't Work For Canada

Robert L. Brown | Posted 06.08.2014 | Canada Business
Robert L. Brown

Now, in Australia, you get a lump sum pay-out (hardly any Aussies annuitize their lump sum). Once again, you have to manage your retirement on your own. Now, even if you knew exactly when you were going to die, this would be difficult, but when you have no idea of your personal life expectancy, this is a problem beyond the capabilities of the average Canadian.

Don't Use Your RRSPs To Invest in Private Companies

Tim Paziuk | Posted 06.05.2014 | Canada Business
Tim Paziuk

It is extremely easy to buy into private companies; they will be more than willing to use your money to fund their ideas and aspirations. It is very difficult for the average investor to successfully "invest" in private companies, since success requires some type of return. I'd rather sit back, enjoy a beer as a customer, and consider some other investment options.

How To Stop Living Large and Start Thinking Big

Anita Saulite | Posted 05.26.2014 | Canada Living
Anita Saulite

Our spending habits say a lot about us and the choices we make with our money. When we become real and authentic with ourselves, we don't use our money to impress people or seek status, because we have nothing to prove. When we are authentic with our money, we are making conscious and mindful choices with it. We are very present and self-aware.

Can You Account For the Cost of Friendship?

Tim Paziuk | Posted 05.26.2014 | Canada Business
Tim Paziuk

When dealing with advisors, an important consideration is competency. If the person you're working with isn't competent, how much is it costing you? I might find that my client's banker is overcharging them or their accountant is less than adequate, only to hear them say that they can't move their business because the person they deal with is nice or maybe even a friend.

What the Marshmallow Test Tells Us About Money Management

Doug O. Jones | Posted 05.25.2014 | Canada Business
Doug O. Jones

Back in the 1960s, Stanford University researcher Walter Mischel conducted a famous study about self-control. After following the study group for 40 years, the researcher's findings about self-control continue to provide insight today into our collective psychology. That insight may be worth reflecting upon as we confront our current debt loads.