Personal Finance
Boundaries, communication are key for parents running the Bank of Mom and Dad
In a world of sky-high home prices and rising cost of living, many parents are inclined to financially help their adult children. But experts say parents need to lay out clear guidelines before their children tap the Bank of Mom and Dad to ensure they don’t put their own retirements on the line.
‘Nothing to fall back on’: Money mistakes young people make and how to avoid them
Mistakes in our youth are normal and forgivable, but financial ones can be nasty to fix.
‘Not free money’: What students should know before getting their first credit card
Everyone starts building their credit score somewhere — and for many, it’s getting that first credit card during college or university.
ETFs are wildly popular. How much of your portfolio should be in them?
Exchange-traded funds have become wildly popular among investors, particularly young people who use do-it-yourself investing platforms that can auto-invest client money in ETFs.
Limited cash to invest? Build positions in high-flying stocks with fractional trading
When a high-flying stock seems out of reach for investors with limited cash, fractional trading can help fulfill that dream of owning a piece of the company — one small portion at a time.
When cutting expenses isn’t enough: Experts weigh in on how to increase your income
As many Canadians try to squeeze every last dollar out of their budget to cope with the soaring cost of living, financial experts say cutting expenses to the bone is not always a viable option and they should instead focus on increasing their income.
The hidden cost of rising debt: why checking your credit report matters more than ever
With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.
Why young people keep getting caught in debt traps and how to break the cycle
Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians.
Mortgage payments: Understanding timing and avoiding confusion
Mortgage payments can sometimes be a tricky topic for some homeowners, leading to confusion about when payments are due and what time period they cover.