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The push in the new year is to set New Year’s resolutions, and often the focus is on losing weight or earning more money. I would like to advocate becoming more financially fit. We should shed debt that weighs down our energy and bank account. Clarity gives access to action, so having an “accounting” of […]
For much of the 20th century, many economists assumed people behaved rationally and in their own self-interest. If a person goes to the store and is deciding between two otherwise identical kinds of toilet paper? They’ll buy the cheaper one. If someone makes an offer to buy your house? You’ll do the math to figure out if the price is enough to justify the cost of a move, and take or reject the offer. Right?
Well, maybe not…
A recent survey found more than half of Canadians are a couple hundred dollars away from not being able to pay their bills. With debt saddling so many families there is a growing push to teach kids about money early, by teaching financial literacy in the classroom.
Overall, millennials are well-equipped to succeed in the workforce. But there’s one caveat — millennials have poor financial literacy. According to the July report, that could hold millennials back.
According to Statistics Canada, gift giving is a billion-dollar industry and consumers are paying for it well into the new year. Here are some money-saving tips to control spending and think like Scrooge.
The most common scheme begins when a bank customer swipes his or her debit card in the device that opens the door to the ATM vestibule typically found in a bank’s inner doorway.
