Financial Advice

While your 20s were likely filled with incurring a staggering student loan and maybe living off...

Thanks to student debt and a post-recession job market, most millennials know the importance of being...

Many people tend to have a very black-and-white approach to managing their money. For instance, splurging...

Apparently some of us may have our heads in the clouds. A recent study from ING DIRECT revealed that the majority (64 per cent) of working millennials aged 18-34 are contributing regularly to their retirement savings, but 69 per cent do not max out their annual retirement contribution savings regularly and 61 per cent reported having no idea of the costs needed for retirement

Mike Tyson, world famous boxing champion, earned more than $300 million. Allen Iverson, NBA star, made over $200 million between salary and endorsements. Chicago Bulls legend Scottie Pippen’s career salary totalled $120 million. What do all of these athletes have in common? They all went broke. Yes, you read that right

What are your vices? That’s the question that kicked off the panel discussion at Credit Education Week’s Money Talks luncheon on November 13th. As we learned, nearly all Canadians admit to impulse spending, and nearly all admit to having a particular spending vice. The solution? Four simple words

Young or old, there appears to be a growing trend among Canadians: despite having an entire year to contribute to RRSPs, the majority of us wait until the last minute to do so. Why are Canadians waiting until the 11th hour to contribute when it surely only makes their lives more difficult, resulting in a potential scramble for a lump sum?

We young professionals do like to spend money and reward ourselves for all of our pavement pounding with things like dinners out, vacations and shopping trips. We get it. However, saving money, as daunting as it seems, is easier than you think. Here are five actionable things that every YP can do