Personal Finance – Page 2 – How to Achieve Financial Freedom

Wealthy Americans are leaving some U.S. states but they aren’t coming here

Former Citicorp Inc. chief executive Walter Wriston once said “ capital goes where it’s welcome and stays where it’s well treated.” The line has become tax-policy wallpaper. It is, nevertheless, the most useful sentence for thinking about what is unfolding in some jurisdictions, including certain states south of the border. In late April, the SEIU […]

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Asked on Reddit: Should I Pay Off My Mortgage or Pad Savings?

Kimberly Palmer writes for NerdWallet. Email: [email protected]. Twitter: @kimberlypalmer. The article Asked on Reddit: Should I Pay Off My Mortgage or Pad Savings? originally appeared on NerdWallet. https://www.nerdwallet.com/finance/learn/should-i-pay-off-my-mortgage-principal #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding

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How Redditors Save Money on Groceries

Kate Ashford, WMS™ writes for NerdWallet. Email: [email protected]. Twitter: @kateashford. The article How Redditors Save Money on Groceries originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/redditors-save-on-groceries #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth

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How can Louis get his inheritance if his brother refuses to move from the family home?

Q. I am one of two children, and I moved out of my parents’ home after getting married. But my brother never moved out and lives there today. Our parents are still alive and have not written a will. I assume my brother will continue to live in the family home after my parents’ deaths

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Garry Marr: Falling rents are the incentive millennials need to finally move out

With rising costs keeping more millennials living with their parents, could falling rents be the boost they need to leave the family home? The latest data from Statistics Canada, released this month, found that in 2021, the share of millennials aged 25 to 39 living with parents was 16.3 per cent, compared with 8.2 per

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How I Used AI to Save on Summer Movie Tickets

Karen Gaudette Brewer writes for NerdWallet. Email: [email protected]. Twitter: @@nwfoodette. The article How I Used AI to Save on Summer Movie Tickets originally appeared on NerdWallet. https://www.nerdwallet.com/finance/news/cheap-movie-tickets-with-ai #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices

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Tax season may have ended, but you better start planning for next year or you’ll lose money

Guy Lafleur, who passed away in 2022, was my childhood hero. Watching the Flower fly down the wing for the Montreal Canadiens — that mane of blond hair, the goals that made you leap off the couch — was as close to magic as a kid in Alberta could get. Rest easy, No. 10. He

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Garry Marr: Will falling house prices delay your retirement?

Home prices continue to fall or remain flat in major centres across the country , a potential predicament for those counting on their homes as part of their retirement plans . The Toronto Regional Real Estate Board reported this week that in Canada’s largest city the average selling price was $1,051,969 in April, down 4.9

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Mark convinced his mom to seek financial advice. What are important questions to ask?

Q. I’m 35 years old and my mom is 58. I convinced her to make an appointment with a financial adviser to go over retirement options and withdrawal strategies, as she wants to retire this year. I’m going with her. My parents are married and both are planning to take their Canada Pension Plan (CPP)

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Does this 84-year-old suffer from the ‘Multimillionaire’s Dilemma?’

At 84, Louise* is looking to simplify her investment portfolio , minimize tax, and make sure she maintains her current lifestyle. This includes continuing to travel five to six times a year, albeit more locally than her past global adventures, and age in place in her home in Vancouver, bringing in any additional help she

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Carney’s fiscal update plays a charming tune, but falls off at the end

I was standing in the Cathédrale Saint-Vincent in St. Malo, France, with my 82-year-old French mother and sister on the day the federal government’s spring economic update was released. The plaque over the tomb of Jacques Cartier there, in translation, reads: “Here rests Jacques Cartier, native of Saint-Malo and the first discoverer of Canada, who

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Did Andrew make a mistake in preventing his mom from buying annuities?

Q. My mom is 64 years old and attended a seminar about annuities for her retirement. She was about to transfer her $300,000 in retirement savings to the sales people but I stopped her from doing that after getting a better understanding of the financial product. The bottom line is that the actions of these

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Here’s how and when you have to pay tax in instalments to the CRA

A friend reached out to me this week in a panic. She was about to file her 2025 tax return and owed $140,000 in tax, but that wasn’t the source of her concern. It turns out she had sold an income property in 2025, realized a significant capital gain and the tax on that gain

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Millennial parents are saving for their children’s education but most still feel unprepared

Despite ongoing cost-of-living pressures, millennial parents are finding ways to set money aside for their children’s future, according to a new survey from education savings company Embark Student Corp. Seventy-three per cent of the survey’s respondents — 90 per cent of whom are millennials — said they have opened a registered education savings plan (RESP)

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Garry Marr: Are young FHSA savers about to get duped again?

Canadians have billions of dollars tucked away in their First Home Savings Accounts , a savings stockpile that has only been growing as stock markets have powered higher in recent years. The real estate industry would love to see first-time home buyers drain those accounts, but a major question for young Canadians today is whether

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Here’s why the government should cut expenditures and not hand out any more fiscal coupons

As a young boy, I would watch my mom diligently read the newspapers and the flyers that came with them. She would cut out coupons and tuck them away for the next trip to the store. Today, newspaper coupons have been replaced by a flood of digital ones: app notifications, email blasts, loyalty offers and

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50/30/20 Budget

Whether you use an app or a budget worksheet to get a handle on your spending, you’ll want to know where your money is going — and then make a plan for where you want it to go. The 50/30/20 budget is a good tool to do just that. Use our calculator to estimate how…

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CPP, OAS and other strategies to help seniors face a more expensive retirement

After decades of work, retirement is supposed to feel like freedom, and for many Canadians it did, until costs for groceries and essentials soared. What was once a comfortable retirement income in 2021 now does not go as far. Many retirees are therefore reconsidering their financial plans, not due to poor decisions but because the

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Why retirees are often shocked by tax bills and how to reduce them

It is that time of year when taxpayers cross their fingers and hope for a tax refund. Canada Revenue Agency (CRA) data for the 2026 tax-filing season through April 20 show about 62 per cent of tax returns filed resulted in a refund. The average refund was about $2,248. Taxpayers with a balance owed an

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Garry Marr: When it comes to summer vacation planning, we’re all commodities traders now

Planning a cost-effective vacation this summer increasingly feels like betting on the commodities market, as oil prices rise and fall based on global geopolitical winds. Statistics Canada reported this week that airfares rose in March for the first time in two years, as the Iran war roiled oil prices. John Grant, chief analyst at OAG

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