Mutual Funds 101

Mutual Funds 101

Most of us who invest, or have retirement money in something like an RRSP (registered retired savings plan) or TFSA (tax-free savings account) have much of our savings in mutual funds. It’s a word we toss around all the time when we visit our bank or financial advisor. But how many of us truly know what they are? Continue reading »

Financial Literacy Week: Take the Pledge
Personal Finance / Personal Finance News

Financial Literacy Week: Take the Pledge

Up until a year ago I was just as financially illiterate as the next guy. My monthly bills were too high; I had bad credit card debt and virtually no savings. A year later, my savings have grown substantially, I have freed myself of nasty credit card debt and I have cut back on unnecessary monthly bills. And guess what? You can do it too. This week is Financial Literacy Week. Help yourself get financially ahead and take the pledge. I dare you! Continue reading »

Where Does All My Money Go?
Personal Finance / Your Budget

Where Does All My Money Go?

It’s Friday. You’ve worked hard all week and you’ve just been paid, so you’re ready to hit the town. Over the weekend, you go out for a meal with friends, see a movie, buy yourself a couple treats and go to a hockey game. Life’s too short to not have fun on the weekends, right? But come Wednesday, you wonder if the gas in your tank will make it ‘til Friday. Where did all your money go? Continue reading »

Canadian’s Personal Debt to Income Ratio Reviewed
Debt Repayment / Economic News / Personal Finance / Personal Finance News

Canadian’s Personal Debt to Income Ratio Reviewed

There was an interesting article in the Globe and Mail earlier in the week as Rob Carrick spoke with CIBC’s Chief Economist Benjamin Tal about the recent focus on Canadian debt levels and how the major indicator, the debt to income ratio, may not be the best tool of measurement. Mr. Tal was quoted as … Continue reading »