Saving Money

Make This The Year Of A New Financial Strategy

Cindy Crean | Posted 02.12.2016 | Canada Business
Cindy Crean

The 2015 Sun Life Financial Annual Check-Up found that 66% of Canadians say their debt level is the same or worse than it was at this time last year. Though 67% say they're optimistic about 2016, only 13% note that paying down debt is among their top three New Year's resolutions. Just four per cent rank savings as a top resolution. Now is the time to make that change!

Lovebirds Are Spending Less Due To The Low Loonie

Kristen Larrea | Posted 02.10.2016 | Canada Living
Kristen Larrea

While Valentine's Day is meant to be a celebratory holiday, many Canadians may be scaling back on showing their affection this year due to the state of the economy. Luckily for those in love, there are out of the (chocolate) box ways to save on Valentine's Day gifts and activities.

Cure Your Holiday Debt Hangover

Rubina Ahmed-Haq | Posted 02.03.2016 | Canada Business
Rubina Ahmed-Haq

Hands up if you spent more than you wanted to this past holiday. From gifts to entertaining to travel, it's easy to get swept up in the holiday spirit and dole out more cash than you first intended to. Now the credit card bills have started to arrive and you may be wondering where the extra money will come from?

10 Ways You Can Cut Your Car Costs

Anne Marie Thomas | Posted 01.27.2016 | Canada Business
Anne Marie Thomas

You've probably heard that buying a car is one of the worst investments you can make. Reports suggest Canadians spend more than $5,000 a year on maintenance and gas, not to mention tickets, driver's licence and plate renewals, parking and insurance. But does it really have to be this way?

Save Early, Save Often

Posted 01.25.2016 | Canada Living

The world is less linear than ever before. Whether you're collecting your first paycheque or gearing up for the golden years of retirement, a solid financial plan can help guide you towards a brighter life, regardless of what path you choose to take. Here are a few handy hints to help plan for some of life's big moments.

Insulation 101: One Builder's Secret Blueprint For A Net-Zero Home

David Dodge | Posted 01.20.2016 | Canada Living
David Dodge

The era of net-zero homes is upon us. These super-efficient homes use rooftop solar energy production and smaller, electric powered heating systems such as air source heat pumps to produce as much energy as they consume. That's some sexy technology, but it only gets us halfway to net-zero. The real secret is insulation.

Retirement Advice From An Ex-Hockey Pro

Posted 01.19.2016 | Canada Living

Canadians are living to 81 on average, which means you'll have plenty of time to sit in a rocking chair if that’s what you want. But, we’ve got some ideas to help you embrace change and make the most of a brighter post-work life.

RRSPs Can Be Used For More Than Retirement

Wade Stayzer | Posted 01.05.2016 | Canada Business
Wade Stayzer

With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.

Boxing Day Budgets: When To Splash Out And When To Save

Sandra Hanna | Posted 12.21.2015 | Canada Living
Sandra Hanna

With so many amazing deals, it can be tempting to stock up on items simply because the price is too good to pass up. My golden rule is that if you don't need it, it's not a deal, no matter how good the price.

Tips For A Cheap And Cheerful Holidays

David Lester | Posted 12.04.2015 | Canada Business
David Lester

It's officially December now and I have no idea what to get anyone for Christmas or how much it'll cost. Everyone should be getting ready to be merry and jolly, but I'm banging my head on the wall thinking of what everyone wold love without breaking the bank.

Keep Your Financial House In Order Like A Business Guru

The Huffington Post Canada | Evan Pang | Posted 12.07.2015 | Canada Living

Start small, be reasonable and build your equity.

Don't Wait For A Close Call To Get Winter Tires

Andrew Lo | Posted 12.03.2015 | Canada Living
Andrew Lo

modern winter tires offer up to 50 per cent more traction than all-seasons, and it's estimated that they'll shorten your braking distance by as much 25 per cent. It's widely reported that winter tires simply handle winter weather conditions better than all-seasons, and from personal experience, I'm a believer.

Healthy Financial Habits Make For A Happy Holidays

Cairine Wilson, CPA Canada | Posted 11.19.2015 | Canada Business
Cairine Wilson, CPA Canada

CPA Canada released a Summer Spending Followup Survey, which revealed that 42 per cent of those surveyed were essentially on-budget this past summer. What does this have to do with holiday spending? Quite a bit, actually. Those who fared better followed a few basic principles we might all want to remember.

After 45 Years, One Man Finally Cashes In All His Pennies

The Huffington Post Canada | Arti Patel | Posted 11.10.2015 | Canada Living

Why saving every penny counts!

Take The 'Boo' Out Of Halloween Spending

David Lester | Posted 10.30.2015 | Canada Living
David Lester

Halloween is getting more popular than Christmas and almost more expensive. I'm going back to the days of making my own costumes and having cheap and cheerful parties that are super fun. Here are some savvy strategies to take the "Boo" out of Halloween spending!

It's Time To Put Financial Literacy In The Spotlight

Cairine Wilson, CPA Canada | Posted 10.28.2015 | Canada Business
Cairine Wilson, CPA Canada

The fact many Canadians are living beyond their means and are vulnerable to economic shocks highlights the importance of Financial Literacy Month (FLM), which takes place each November in Canada. This year, FLM aims to use the national strategy as a springboard to rally support across the country in the effort to help Canadians become better money managers.

5 Fashion Hacks to Help You Transition From Summer to Fall

Sari Friedman | Posted 09.23.2015 | Canada Style
Sari Friedman

Fall is the time of year when we are due for a wardrobe update. You may want to spend a little more on a couple of classic pieces but stretch your dollar when it comes to trendy items. How to dress for the in-between-season can leave us stumped.

Talking About Money Is Good for Your Health

Anita Saulite | Posted 09.22.2015 | Canada Business
Anita Saulite

The American Psychology Association 2014 survey shows that "stress related to financial issues could have a significant impact on our health and well-being." Almost seven out of 10 feel stressed over money matters.

How to Recreate Your Favourite Celebrity Looks for Less

Sandra Hanna | Posted 09.18.2015 | Canada Style
Sandra Hanna

With film festival season in full swing and awards season gearing up, scoping out celebrity fashion and style are at an all time high! From the clothes they wear to the cars they drive, fans often want the products and looks that their favourite stars are sporting. Here are some of my favourite clever ways to recreate a look for less!

Are Canadians Getting the Most From Their Retirement System?

Bob Stammers | Posted 09.17.2015 | Canada Business
Bob Stammers

As provincial and federal governments attempt to improve our retirement system, one has to ask whether Canada currently has an ideal system and what can be done to strengthen it. Determining the best way forward can be challenging, since retirement security spans government politics, employer practices, individual investor education and cultural differences.

Teamwork Helps Students Address Financial Challenges

Cairine Wilson, CPA Canada | Posted 08.21.2015 | Canada Parents
Cairine Wilson, CPA Canada

The post-secondary years are the ideal time to lock in great habits and fill any gaps in your children's financial education. Regardless of whether there are savings set aside or loans to be taken, managing the dollars matters. It's our young people who gain the most from good advice as they take on increased responsibility.

5 Savvy Spending Tips for Back-to-School Season

Sandra Hanna | Posted 08.18.2015 | Canada Parents
Sandra Hanna

Canadians are feeling the penny pinch. According to a whopping 43 per cent of Canadian parents view back-to-school as a financial burden on their families. To help ease the pain class is in session and with a little savvy spending from my top five tips, your dollar will be stretching further this season!

Amid Debt Boom, Some Canadians Choose To Be 'Super Savers'

CBC | Posted 08.17.2015 | Canada Business

There's no denying Canadians have a love affair with loans. From credit card bills to mortgages, we're carrying near-record levels of debt. But som...

Planning a Budget-Savvy Getaway This Summer

Adrienne Down Coulson | Posted 08.10.2015 | Canada Travel
Adrienne Down Coulson

As summer draws to an end, now is the time to squeeze in that much needed vacation. If you are open-minded and flexible, you can book an escape that leaves tomorrow or travel somewhere you never considered before.

Keep a Money Diary and Become Better With Your Spending

David Lester | Posted 08.05.2015 | Canada Business
David Lester

I have had a money diary for as long as I can remember. I like to write down things like new investment ideas, work ideas, my goals and net worth target for the year. When I'm on vacation I use my diary to write down everything that I want to see and what I've spent that day.