Recent Personal Finance News

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Personal Finance

Here’s Why a Big Emergency Fund Is a Terrible, Terrible Idea

Here's why saving more than six months' worth of expenses can be disadvantageous to your household.

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Personal Finance

5 Super-Simple Ways to Completely Ruin Your Credit Score

Building your credit score takes time, dedication, and smart decisions. Tearing your credit score apart — well, you could do…

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Personal Finance

5 High-Paying Side Hustles That Could Help You Save for Retirement in 2022

If you're struggling to save for retirement, here are five side gigs that could give your retirement fund a boost.

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Personal Finance

The Tax Deadline Is Almost Here! Here Are 5 Things You Need to Know if You Haven’t Filed Yet

The deadline to file your taxes is May 2. If you haven't started yet, here's what you should know.

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Personal Finance

New to Investing? Be Sure You Avoid These 5 Newbie Mistakes

If you're new to investing, here are five big mistakes you should watch out for.

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Personal Finance

Lazy Canadians: Here’s How You Can Make $200 Per Week in Passive Income

To earn $200 a week, invest money in high-quality stocks or ETFs.

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Personal Finance

Costco vs. Canadian Tire: Which Rewards Card Will Save You More on Gas in 2022?

The CIBC Costco Mastercard earns 3% back at Costco Gas, and the Canadian Tire Mastercard earns 10 cents per litre.…

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Personal Finance

Finally! Apply for a CIBC Costco Mastercard Now to Get a Welcome Bonus!

From now until December 31, 2022, CIBC will give you a welcome bonus on the new CIBC Costco Mastercard.

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Personal Finance

Should You Buy a Home in 2022? Here’s Why You Should Wait Until Next Year

Here's why you should consider waiting until 2023 to buy a home.

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Personal Finance

Canadians Seeking Housing May Want to Think Outside the Country

Renting is a stigma, pure and simple. You shouldn't feel like a failure by choosing to rent, and you can…

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Personal Finance

Could Canada’s High Inflation Turn Into Stagflation? Here’s Why Canadians Shouldn’t Be Concerned

Stagflation is caused by high inflation, high unemployment, and negative economic growth. Could Canada be on the brink of this…

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Personal Finance

Quitting Your Full-Time Job to Focus on a Side Hustle? Ensure You Do These 5 Things First

Sticking to "the man" and working for yourself can be exhilarating ... if you can avoid these common mistakes

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Personal Finance

New Investors: Here’s How to Avoid Paying Over $2,000 in Investment Fees Per Year

Canada has some of the highest fund and investment fees in the world. Here's how new investors can avoid paying…

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Personal Finance

Why You Should Think Twice Before Getting a Canadian Tire Triangle Mastercard

Thinking about getting the Canadian Tire Mastercard? Consider these drawbacks first.

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Personal Finance

The Top 3 Canadian Stocks on Wealthsimple Trade This Week

Here’s what Canadian investors are trading the most this week on Wealthsimple.

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Personal Finance

Can You Retire a Millionaire With $400 a Month? Only if You Do This…

Yes, you can retire a millionaire off $400 per month. You just need a long time horizon and a good…

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Personal Finance

Don’t Get a CIBC Costco Mastercard Until You Consider These 5 Major Weaknesses

The CIBC Costco Mastercard is now Costco's official rewards card.

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Personal Finance

Need Somewhere to Park Some Cash? Here’s How to Decide Between HISAs vs. GICs

Before you pick between a GIC or HISA, ask yourself these questions.

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Personal Finance

Could Mortgage Rates Double Before the End of 2022? Here’s What You Should Know

Could the Bank of Canada raise the benchmark rate to 3.25% by the end of the year?

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Personal Finance

3 Part-Time Jobs With Flexible Hours Perfect for Early Retirees

Amassing enough savings for an early retirement is tough work. Here are three part-time jobs that could help you retire…

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Personal Finance

The Average Home Hits $816,720: Should You Invest Your Down Payment in Stocks to Keep Up?

With home prices continuing to rise, you might bet tempted to invest your down payment. Here's why that might not…

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Personal Finance

Should You Invest Your Emergency Fund? Consider This First…

Thinking of putting your emergency fund in stocks? Consider this first...

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Personal Finance

No Savings at 50? No Problem: Here’s How to Retire a Millionaire

If you haven't saved a dime for retirement, here’s what you’ll need to save to retire a millionaire.

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Personal Finance

The Top 3 Canadian Stocks on Wealthsimple Trade This Week

Here’s what Canadian investors are trading the most this week on Wealthsimple.

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Personal Finance

5 Stupid Mistakes I Made in My 1st Year of Freelancing (and How I Would Avoid Them Today)

Don't make the same mistakes I made.

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Personal Finance

This 1 Credit Card Tip Could Be the Secret to Beating Canada’s 5.7% Inflation

How can you keep pace with Canada's 5.7% inflation? This credit card tactic could help.

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Personal Finance

Should New Investors Open a TFSA or an RRSP First?

When should new investors open a TFSA, and when should they open a RRSP? Let's take a look.

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gas station, convenience store, gas pumps
Personal Finance

The Canadian Tire Mastercard Might Be the Best Gas Credit Card in Canada: Here’s Why it Is

The Canadian Tire Triangle Mastercard now earns 10 cents per litre at Gas+ and Husky stations.

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Personal Finance

15 Super Simple Ways to Save on Gas This Summer

Here's how to save on gas this summer.

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Personal Finance

No, Early Retirement Isn’t Just For Men. Here’s How Women Can Take Over the F.I.R.E. Movement

Women: it's time to take over the F.I.R.E. movement. Here are three ways you can retire early.

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Personal Finance

Is CIBC’s Takeover of the Costco Mastercard a Complete Fail?

The CIBC Costco Mastercard launched on March 4.

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Personal Finance

Who Invests Better: Men or Women? The Answer Is So Clear It Might Surprise You

Women are better investors than men. Don't believe me? Here's research to back it up.

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Personal Finance

Warren Buffett to Young Entrepreneurs: Don’t Think About Money

Here's what Warren Buffett has to say about job satisfaction and paycheques.

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Personal Finance

Which No-Fee Credit Card Has the Highest Earn Potential? For Canadian Tire Shoppers, the Answer is Clear

With a 4% earn rate and the ability to double-dip offers, the Canadian Tire Mastercard is a lucrative rewards card.

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Personal Finance

New to Budgeting? Get Started With These 3 Simple Steps

Budgeting isn't rocket science. Here's how to get started.

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Personal Finance

Should You File Your Taxes Yourself or Hire a Professional? 3 Things to Consider

When should you hire a tax pro? Here are three surefire signs you shouldn't go it alone.

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House Key And Keychain On Wooden Table
Personal Finance

Yes, the Housing Market in Canada Could Be Cooling Off: Here’s What You Should Know

What factors could be cooling off the housing market in Canada?

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retirees and finances
Personal Finance

A Whopping 56% of Canadians Have Lost Faith in Their Retirement Plans: What Should They Do?

For those feeling pessimistic about their retirement plans, here's how you can get back on track.

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Personal Finance

Cash Back Apps: Can You Really Get Paid to Shop?

Cash back apps are getting more and more popular, but are they legit? And if so, which are the best…

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Personal Finance

88% of Canadians Don’t Have a Detailed Retirement Plan: But Do They Really Need One?

The majority of Canadians don't have a retirement plan. Here's why that's a problem.

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