Is there really such a thing as a high interest savings account today? The big Canadian banks think so. Submitted for your consideration: Desjardins High Interest Savings Account HSBC High Rate Savings Account National Bank High Interest Savings Account RBC High...
One of the most frequent questions from readers in recent years can be summarized as: “What does xxx mean for my credit score?” It’s time to share a credit score management secret: pay what you owe on time and never borrow,...
December is a tough month to save money because of all the holiday season costs. January may be a worse month because you have credit card bills coming in. February is not good either. In non-pandemic times, isn’t this the perfect...
I swear the internet would break in half if I wrote something about an investment or savings product with a 20% interest rate or return. The 20 percent credit card interest rates are the exact opposite. Does anyone care? At the...
You can’t grow financially until you get into the habit of spending less than you earn. Never in the history of this planet has it been more difficult to follow this most basic rule of personal finance. Between social networks and...
I am often asked to suggest a good introductory book on personal finance and investing for young adults. Here’s one I got recently from author Sandy Yong, who took a smart approach in his new book, The master of money. The...
Author Kelley Keehn, in Toronto, November 13, 2019.Christopher Katsarov / The Globe and Mail To note: This is the last Carrick on Money newsletter for 2021. Have a great vacation and stay safe. The newsletter returns on January 4th to start...
Parents, can you save $ 2,500 by the end of the year? If so, your children’s registered education savings plan is a great place to put the money. When you skip an RESP contribution, you run the risk of missing out...
If you’re looking for a personal finance book to give a young adult this holiday season, my best suggestion is Money The Way You Like It: Personal Finance Tactics for the Real World, by Erica Alini. Ms. Alini, national online money...
