Meet Emily As a 34-year-old engineer living in Hamilton, Ontario, Emily has achieved considerable success in her career. Working for a well-established and growing firm, she earns a comfortable income, enjoys the fruits of her labour, and loves the finer things in life. Yet, despite her...
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Meet Elaine Elaine was born and raised in B.C.’s Fraser Valley. Aside from the four years in Vancouver that she spent at university, she has spent her entire life there. She has never married or had children, so Elaine always felt she had to be prepared...
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Jonathan Clements, author, founder and editor of the HumbleDollar blog, and former personal finance columnist at the Wall Street Journal, recently wrote of his diagnosis with metastasized lung cancer. He is not alone, of course. I’m sure that almost all of us can name a...
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In the world of personal finance, navigating the complexities of financial planning can be overwhelming. To make the process more accessible, I’m pleased to introduce FinPlan30 – a no-cost, no-obligation 30-minute conversation on various financial planning topics tailored to the Canadian landscape. FinPlan30 is, in fact,...
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It is no secret that a significant part of the Canadian population is finding it exceedingly difficult to make ends meet. Debt is extremely high per household, primarily as a consequence of large mortgages and more recently, high interest rates. While inflation is slowly diminishing,...
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For years, I was an avid subscriber to the old print version of MoneySense magazine. Like many other print periodicals, however, it went exclusively online several years ago. One of the most fascinating articles I read during the print era was The All-Canadian Wealth Test,...
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After going grocery shopping on the weekend and not buying a single thing that was on sale – I hope my wife doesn’t read this! – I decided it was time for me to dig into a smarter approach to buying food as one of...
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The Scenario When your child was born, you and your spouse vowed to assist with his post-secondary education costs. In the year he was born, you contributed $1,250 to his Registered Education Savings Plan) RESP, which attracted a Canadian Education Savings Grant (CESG) of $250 (equal...
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On July 15, 2023, the Toronto Star published a lengthy article, written by Richard Warnica, about the unregulated services of a debt consultant. While the story focuses on an individual and a particular debt consultancy firm, the context applies to a broad swath of the...
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Emily Emily sat at her kitchen table, staring at the third credit card bill. It was maxed out, just like the other two. Overwhelmed and angry at herself, panic started to creep in. How did she end up in this situation? She used to pay off...
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