Finance

Bank fees eating away at your savings? How to avoid the most common ones

You probably know when your paycheque gets deposited and roughly how much your monthly cellphone bill costs, but it might be harder to answer a fundamental question about your bank account: how much are you paying in fees?

Canadian dollar edges lower in calm reaction to minority government

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday, but the move was modest as investors reacted calmly to a less conclusive outcome to the Canadian general election than had been expected and also shrugged off a drop in oil prices. The loonie was trading 0.2% lower at 1.3850 per U.S. dollar, or 72.20 U.S. cents, after trading in a range of

Mortgages, maintenance and property taxes: How much does it really cost to own a home?

Jessica Moorhouse, author and host of the More Money podcast, says that the down payment and monthly mortgage payments are just the tip of the iceberg when it comes to the cost of owning a home. She tells BC Today host Michelle Eliot that maintenance costs and property taxes could add up to thousands of dollars. She advises homeowners to set aside a home emergency fund to maintain their homes.

TSX hits near four-week high as investors make post-election bets

By Fergal Smith (Reuters) -Canada's main stock index rose to a near four-week high on Tuesday, benefiting from recent upbeat U.S. corporate earnings and investor relief that the uncertainty of the Canadian general election is now in the rear view mirror. Toronto Stock Exchange's S&P/TSX composite index ended up 75.89, or 0.3%, at 24,874.48, its highest closing level since April 2. "It's more

Should Canadian retirees own or rent their home? Use this simple ‘5x5x5 rule’ to figure it out

Retirement author and YouTube host Geoff Schmidt advises following what he calls the 5x5x5 rule.

At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?

The average Canadian retiree household spends roughly $62,000 per year. Based on this, retirees are wondering: Have I saved enough?

22 Countries Where Canadian Dollars Go Twice As Far

27 Hidden Canadian Taxes That Are Draining Your Paycheque

Canada is known for its high quality of life, but it comes at a cost—taxes. While some taxes, such as

The Wealthiest Rock Legends Ever (Ranked)

Mansions in Malibu don't pay for themselves. Behind every legendary guitar solo and stadium anthem sits a financial portfolio that might surprise you. After all, these remarkable performers built empires beyond their chart-topping hits.

How to Use $15,000 in a High-Yield Dividend ETF for Steady Passive Income

This ETF has it all, a strong portfolio of dividend payers, along with a high yield for investors. The post How to Use $15,000 in a High-Yield Dividend ETF for Steady Passive Income appeared first on The Motley Fool Canada.

I landed the best paying job I’ve ever had, I had good credit and everything was falling into place, but then I made a major financial mistake. Now what?

Many people get complacent and make major financial mistakes under the assumption that their stable job and solid credit will always protect them. We look at how to get on the road from ruin to recovery.

What to do if you outlive your retirement savings

Some Canadian seniors enter retirement without savings or run out of money over time. Here’s how they can stay afloat financially.

The true cost of raising a child revealed — and how much to save for each age

Frugal postgraduate reveals how she's paying off $166k of debt in 5 years

Brooke Eichenbaum, 29, is living frugally to pay off $166k in debt, including $137k in student loans and $29k in a car loan. Since graduating with a physical therapy degree, Brooke has cut costs by cooking 99% of her meals, avoiding new clothes, and opting for low-cost activities. She earns $5,500 a month, putting $2,000 toward her student loan and $500 toward her car. After three years, she has reduced her debt to $80k. Brooke’s tips for others: cook at home, avoid new clothes, plan free activities, and track spending. She hopes her story inspires others to take control of their finances.

TFSA Income: 2 Solid TSX Dividend Stocks for Canadian Retirees

These stocks have great track records of dividend growth and offer high yields for income investors. The post TFSA Income: 2 Solid TSX Dividend Stocks for Canadian Retirees appeared first on The Motley Fool Canada.

Prices just keep going up. It's insane what I'm paying for eggs and toilet paper. I work two jobs and still can't pay my bills. What should I do?

Even though official inflation rates have cooled, many people still feel the squeeze. If you're working harder than ever but struggling to pay your bills, you're not alone. The good news is, while you can't control the economy, you can take steps to regain control over your personal finances. Track Every Dollar You Spend When money feels tight, the...

Meet the world's richest person in every decade for the last 200 years

What did it take to be the richest person in the world in 1820, 1850 or 1900? And how does that compare to today?

13 Costco Canada Products That Easily Pay for Your Membership

A Costco membership comes with a price tag, but some products make it well worth the cost. This video highlights 13 items available in Costco Canada that offer such great value, they practically pay for your membership. If you love smart shopping, this list is a must-see.

Retire in Paradise on a Budget: 15 Countries Where $1,500 a Month is Enough

Starbucks earnings disappoint as CEO Niccol's strategy faces US hurdles

By Juveria Tabassum (Reuters) -Starbucks faces challenges in reviving its business, CEO Brian Niccol said on Tuesday, after the coffee giant posted disappointing global comparable sales and profit with inflation and economic uncertainty driving up costs and dampening U.S. demand. Investors have placed their bets on Niccol's turnaround strategy for the brand, whose sales have fallen for four

‘It’s not taxed at all’: Warren Buffett shares the 'best investment' you can make when battling inflation — and it doesn't have to cost you a dime

Buffett likes high-quality businesses with low capital needs but, even better, are investments that don't cost you a dime. Here are two strategies straight from Buffett's playbook

How I’d Navigate the Market With Canadian Value Stocks in My Portfolio

The current market scenario is nirvana for value seekers as the fear of a recession has pulled down the price of some resilient stocks. The post How I’d Navigate the Market With Canadian Value Stocks in My Portfolio appeared first on The Motley Fool Canada.

Bengals make $12.7 million decision on key defensive player ahead of deadline

The Cincinnati Bengals have reportedly decided to pick up the fifth-year option for their 2022 first-round pick, cornerback Dax Hill.

Canada vs. USA: Which Country Lets You Retire Richer on $1M?

Major 'rate cut' prediction for every Aussie with a mortgage: What you need to know

Inflation without the government's electricity rebates it now back under 3 per cent for the first time in three years - in a sign of more rate cuts to come.

24 Modern Careers Making Bank (But Mom Still Disapproves)

Top 10 Places Where the U.S. Dollar Still Goes Far

Top 10 Places Where the U.S. Dollar Still Goes Far

Big or small, financial experts say it's important to know your net worth

To someone who doesn’t have a lot of assets, knowing their net worth might seem pointless, but experts say it’s an important indicator of financial health, no matter how big or small the number.

Got $7,000 to Invest? Where I’d Focus My Attention on Canadian Stocks Right Now

These three top Canadian stocks are ideal additions to your portfolios in this uncertain outlook. The post Got $7,000 to Invest? Where I’d Focus My Attention on Canadian Stocks Right Now appeared first on The Motley Fool Canada.

What your old computers and games consoles are worth today

From Atari to Amstrad and Sony to Sega, some of these computers and games consoles are worth serious money today.

The creep of money dysmorphia – and why you think you’re poor when you’re not

The creep of money dysmorphia – and why you think you’re poor when you’re not - LET’S UNPACK THAT: After a CEO tried to claim he could no longer afford to work at his firm on a mere £250,000 salary, Helen Coffey looks into the phenomenon that sees us underestimate our wealth by 30 per cent

First time buyers explain how they got on the property ladder

How a bookkeeper became the world's first billionaire

Discover how John D. Rockefeller became the world's first dollar billionaire and what happened to his fortune

It's April 30. On tax deadline day, this is your final reminder to file

For most Canadians, today is the last day to file your taxes which is especially important if you need to avoid late penalties and interest on amounts owing.

Why Ryanair Makes So Much Money

Why Ryanair Makes So Much Money

Who Were the Richest People in History

From ancient emperors with vaults of gold to oil tycoons and tech moguls, this is the story of history’s richest individuals. We trace their rise, their wealth, and just how much power money really gave them.

The Economic Benefits of Clean Energy for US Households

Discover how clean energy can transform your household budget! 🌍💰 Embracing renewable sources isn't just good for the planet; it can lead to significant savings for families across the U.S. Dive into the economic perks of going green! #CleanEnergy #SustainableLiving #Savings

How many millionaires are living in Canada compared to the rest of the world

From the UK to the USA, read on to discover which countries boast the highest percentage of millionaires in their adult population today.

Here’s what Carney has promised for consumers on taxes and affordability

Mark Carney made several campaign promises aimed at improving affordability for Canadians on top of measures already enacted prior to calling an election.

Ranked: the world's 20 highest-paid actors

From Brad Pitt to Dwayne Johnson, discover which movie star earned the most in 2024.

The Best Luxury Home Upgrades That Instantly Increase Value

Elevate your home's charm and value with these stunning luxury upgrades! ✨ From lavish kitchens to modern baths, discover what makes a space truly worthwhile. Ready to turn your house into a dream home? Let's get started! #LuxuryLiving #HomeUpgrades #InvestInYourHome 🏡

14 Professions with the Highest Concentration of Millionaires

I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you'll need to make these 3 big sacrifices

It may be tight, but it is doable

The 20 Most Expensive Comic Books That Can Earn You A Fortune

Some collectibles gather dust, while others gather millions. Comic books fall into the latter category, but only if you have the right ones. The most sought-after comics have fetched staggering prices, proving that superheroes don’t just save the day—they can also supercharge your bank account. So, let's take a look at the ones that could make you a fortune.

Posthaste: Bank of Canada might go lighter on rate cuts with Liberals in power

The Liberal Party of Canada in a stunning turnaround has won the federal election and though the final results have yet to come it looks like he will be leading a minority government.

Why is the world so obsessed with gold?

From its ancient origins to the significance it holds in society today, discover the global history and glittering tale of this prized precious metal.

Worried About 2025 Travel Costs? Here Are 10 Budget Red Flags to Watch

Worried About 2025 Travel Costs? Here Are 10 Budget Red Flags to Watch

Where in Europe will property investment pay off most in 2025?

The countries with the highest rental yields and most favourable property taxes could offer the best financial returns on property investment. A recent report studied all the elements to find out where the best location is to invest in property in Europe. View on euronews

Here’s Exactly How Many Shares of TD Bank You’d Need for $5,000 in Annual Dividends

You needn't invest a whole lot to get $5,000 in dividend income from Toronto-Dominion Bank (TSX:TD) stock. The post Here’s Exactly How Many Shares of TD Bank You’d Need for $5,000 in Annual Dividends appeared first on The Motley Fool Canada.

11 Richest People in History (Adjusted for Inflation)