Personal Finance

Most recent Personal Finance blogs and columns

  • Using the Home Buyers’ Plan to can be an effective way to tap into an existing RRSP for a home purchase. (Samira Bouaou/Epoch Times)

    How to Tap Into Your RRSP to Buy a House

    There’s a cardinal rule for making RRSP withdrawals before maturity: Don’t!  The tax hit on withdrawals has always been a huge obstacle to using your... Read more

  • Paying down your mortgage as fast as you can saves on future interest costs and helps build up equity in your home. (Epoch Times)

    Six Tips to Help You Survive the Mortgage Market

    The spring real estate market is gathering momentum. So here are a few things you should know about mortgages to avoid getting fleeced. First of... Read more

  • Selling a primary residence upon retirement and downsizing should not be expected to put money in your pocket or provide enough additional or meaningful income that you can count on. (Elena Elisseeva/Fotolia)

    Don’t Count on Home Equity for Retirement Income

    Are you counting on your home to fund your retirement? You’re not alone. A recent survey by Sun Life Financial showed that 24 percent of... Read more

  • “Dwell on the beauty of life. Watch the stars, and see yourself running with them.” —Marcus Aurelius *Shutterstock

    Positively Speaking

     Five years ago, I was introduced to minimalism by my neighbor. It was a short conversation, only a few sentences long. I had been working... Read more

  • Personal Finances

    Top 3 Ways to Not Break Your Budget

    Last year Americans spent $4.3 trillion on retail sales. We have three things to avoid so you don’t break your budget and overspend on things... Read more

  • Traders on the floor of the New York Stock Exchange react to news on Feb. 11, 2014, that easy monetary policy will continue under new Fed chairwoman Janet Yellen. (Spencer Platt/Getty Images)

    Bubble Time Again?

    Two events in 2013 stand out as pivotal. The balance sheet of the U.S. Federal Reserve was expanded 37 percent to surpass US$4 trillion. Secondly,... Read more

  • Arthur Flores, CFP, of Flores Financial Planning. (Samira Bouaou/Epoch Times)

    Taking Charge of Your Personal Finances

    NEW YORK—Judged purely from the outside, Arthur Flores looks like just another finance guy. What sets him apart, however, is his motivation for doing business... Read more

  • Nothing

    Spend $40 on This ‘Nothing’ to Remind Yourself to Not Buy Useless Stuff

    This block of black wood is meant to remind you, according to the company website: “You have everything. You need nothing.” It costs 29 euros... Read more

  • New U.S. Federal Reserve Board chairwoman Janet Yellen gives her first testimony before the House Financial Services Committee in Washington, D.C., on Feb. 11, 2014. (T.J. Kirkpatrick/Getty Images)

    US Fed Tapering and Its Unintended Consequences

    In a rare example of unity, governors of the U.S. Federal Reserve Board unanimously voted in early February to reduce the monthly bond-buying program by... Read more

  • A retired couple watches a rugby match together. Most Canadians will not save for a particular target amount for retirement and then live the lifestyle that sum will afford them. More realistically, they will save as much as they can, while fixing the roof, buying a new car, and paying for children’s post-secondary education. (Mark Kolbe/Getty Images)

    The Surprising Real Story On Funding Your Retirement

    It’s RRSP season again. And every bank, mutual fund, and investment company is urging you to contribute. “Save for your retirement!” is the rallying cry. ... Read more

  • Coin

    Coin Credit Card

    The Coin is a new digital credit card that replaces all the credit cards you have now. It is a black card that stores all... Read more

  • (*Shutterstock)

    Think Tax Laws Are Written To Take Your Money? Think Again…

    Everybody knows they have to pay taxes. It’s the law! Read through all the tax laws you want; there are so many of them that... Read more

  • (*Shutterstock)

    How to Make Money Instead of Trading Your Labor for It

    Money is infinite. There is not a finite amount of money on this earth. Suppose you had just purchased all the necessary materials to build... Read more

  • (*Shutterstock)

    Tax Credits & Deductions: How to Get a Lot of Them on Your Income Tax Return

    It’s tax-time, and the big question on everyone’s mind is: “How can I pay less?” Or, maybe your question is, “How can I get back more?”... Read more

  • annualcreditreport.com

    Free Credit Report & Free Credit Score: Where to Find Yours

    Keeping an eye on your credit is an important thing to do whether you have good credit, are trying to repair your credit, or are... Read more

  • A trader sitting in front of a stock chart at a stock exchange gestures as he speaks on the phone in this file photo. Look on weakness in a stock as cause for concern and further investigation. But don’t sell just because a stock went down. (Thomas Lohnes/AFP/Getty Images)

    Use My ‘Evergreen’ Strategy to Avoid Selling Good Stocks

    We continue to advise that you shouldn’t let the current or recent investment situation play too big a role in setting your investment objectives and... Read more

  • One simple remedy for getting back on track financially is to write down some general goals, like saving for a special purchase. Then make a plan, set priorities, assess your resources, and determine how long it will take to save up to pay for that purchase in cash. (Jupiterimages/Photos.com)

    The Cure for Holiday (Financial) Overindulgence

    Have you been naughty this holiday season? Financially, at least, many of us tip over to the “naughty” side, overextending our spending and maxing out... Read more

  • Survey: US Gas Prices Down 2 Cents per Gallon

    CAMARILLO, Calif.— The average U.S. price of gasoline has dipped 2 cents a gallon in the past two weeks after a month of increases. According... Read more

  • Canada’s equity performance has lagged that of Europe and especially the U.S. in 2013. (Epoch Times)

    Year-end Tips, New Year’s Outlook

    International stock markets outpaced Canada’s through 2013, while interest rates remained low. This has presented some unique challenges for Canadian investors, particularly retirees.  But with... Read more

  • Take care not to contribute, withdraw, and recontribute to your TFSA in the same year. If you do, you may accidentally over-contribute for a given year, and that means tax penalties. (Elenathewise/Fotolia)

    A TFSA Tax Trap to Avoid

    You may contribute up to the annual maximum in a Tax-Free Savings Account (TFSA) until Dec. 31 each year.  There is no “grace” period of... Read more


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