Personal Finance
Personal Finance 0

3 tips to help you save and invest

Posted on 29 November 2019

(NC) With all the demands on your finances, it can be difficult to meet your saving and investing goals. But a little discipline, focus and willpower can set you on the right path. Here are some tips to try:   1. Start Slow. Try adopting a marathoner’s mindset when building your investments. Few clock 10K the first time they hit ...

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How to get your finances on track before year-end

Posted on 29 November 2019

(NC) The end of year often comes with money stresses – and if you’ve been procrastinating about financial decisions in 2019 and now feel the new year rushing at you, you’re not alone. It’s not unusual to put things off, even with important money matters, says Tim Pychyl, associate professor of psychology and head of the Procrastination Research Group at Carleton U ...

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Why having a budget and sticking to it really does matter

Posted on 29 November 2019

(NC) A budget is the foundation of financial well-being. And with good reason. It’s a simple but highly effective way to make sure you live within your means, and it allows you to have control over your finances.  Research backs this up. The Financial Consumer Agency of Canada has found that when people start using a budget, they make better financial decisions and improve ...

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How to set smart financial goals

Posted on 29 November 2019

(NC) Goals are an important part of any financial plan, whether you want to pay off credit card debt, save for retirement or go on that family vacation you’ve been dreaming about. They are like the GPS or road map in your car that help you reach your destination.  And, if you really want to increase your chances of achieving your financial goals, make sure they’re SMART, as ...

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Tips to help you take charge of your finances

Posted on 29 November 2019

(NC) If you struggle with your finances, you’re not alone. While many of us manage to keep up with bills and payments, a substantial portion of us face significant financial pressures. According to the first national survey of financial well-being conducted by the Financial Consumer Agency of Canada, more than half of Canadians do not regularly save money to cover unexpected expense ...

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Understanding how financial stress impacts your well-being

Posted on 29 November 2019

(NC) Canadians consistently rank money as their biggest source of stress – higher than health, work or family obligations.  This is not surprising when you consider that more than half of us do not regularly save money to cover unexpected expenses, according to the first national survey of financial well-being conducted by the Financial Consumer Agency of Canada. Moreover, one i ...

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Knowing your financial rights and responsibilities matters

Posted on 29 November 2019

(NC) As financial consumers, Canadians are lucky. They benefit from strong consumer protection standards when dealing with financial institutions. This, of course, does not mean they should let their guards down.  If you have ever ended up with a credit card you didn’t consent to, you know this first-hand. You may have learned the hard way about the importance of knowing you ...

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Think twice before borrowing against your home equity

Posted on 29 November 2019

(NC) An estimated three million Canadians have one, and they have emerged as the single largest contributor to the growth of household debt in Canada. Yet many consumers do not appear to fully understand how they work. No, we’re not talking about credit cards or car loans. We’re talking about home equity lines of credit or HELOCs. According to a 2019 survey by the Financial Cons ...

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Minto’s downtown Toronto developments hit high gear

Posted on 12 October 2019

Minto Communities will launch sales for two downtown Toronto condominiums this month as it focuses significant resources on a major pipeline of development projects in the city. “We’re in the business of finding opportunities,” Minto Communities division president David Robins told RENX. “As long as we think we have well-located properties that are extremely well-desig ...

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A waterfront Toronto neighbourhood you can afford

Posted on 12 October 2019

More and more of us dream of owning our own home but at the same time feel priced out of Toronto’s real estate market. As the cost of a house in the city continues to skyrocket, we feel we’ll never be able to find something we can afford—at least not without mortgaging our lives in the process. Most of us know someone who ended up buying an affordable home outside the city on ...