Most people are generally aware that how much they spend on day-to-day costs impacts their overall financial picture. However, you may not have ever fully considered the degree to which certain cost of living decisions can drastically affect your financial plan.

When you are responsible for others, you worry about what will happen to them financially if you pass on. Life insurance provides income to beneficiaries if you die.

Whether you’re visiting Canada for the first time, moving to Canada forever, or returning from a long stay abroad, you might be shocked to know that provincial health insurance doesn’t start covering you straight away. Some people risk not being covered, but for the more prudent travelers, it can make sense buy temporary insurance when in Canada.

For some reason, there seems to be a widespread misconception out there among many young Canadians that life insurance is for “old people”. This error couldn’t be further from the truth, and falling prey to it can wreak havoc with an otherwise sound financial plan.

Information asymmetry occurs when one party in a transaction has more or better information than the other. I can’t think of a situation where this imbalance of power is more often on display than when it comes to buying a car and getting a car loan.

I always wondered why my neighbor leased a car instead of buying one. It turns out that leasing can be the best option for some people.

Every few years, you likely find yourself looking to buy a car. Deciding whether to buy a new or used car can be a tough choice.

When shopping around for a home insurance policy in Canada, you’re likely trying to save money. You want to find a policy that helps you feel secure at night. You also don’t want to break the budget with home insurance. However, there might be a time that you want to pay a little more to add extra home coverage.

How keyed into the world of personal finance are you? Chances are that you’ve heard much about the troubling state of housing in the country’s biggest cities. You may have even read about how your finances will change under the newly formed federal government. But personal finance in Canada can be an overwhelming topic, so we got an expert to boil it down.

I have to renew my mortgage later this year, which is a shame because the new mortgage rate is almost certain to be higher than the incredible prime minus 0.80% variable interest rate (1.90%) that I’m paying today.