Unfortunately, there is no “magic number” — or even a simple calculation — to determine exactly how much you need to save for retirement. There are many factors to consider, not the least of which being: What kind of retirement do you want? I mean, think about it. It’s like asking, how much money do I need to buy a house? Well, it depends on the size and style of your desired home, where you want to live, and what the interest rates are while you pay down your mortgage. The same holds true for retirement. Before you can figure out how much you need to save, you’ve first got to decide how you w ..read more

A financial writer shares her biggest money mistakes from her 20s and what she learned about money management as a result. The post Financial Advice For My 20-Year-Old Self appeared first on Young and Thrifty ..read more

Knowing how to read a stock chart is key to making wise investing decisions. They give you everything you need to know about your stocks—and much more. The post How To Read A Stock Chart appeared first on Young and Thrifty ..read more

As many Canadians struggle with saving for retirement. But the Rule of 30, a new variable savings model, helps lighten the load. The post Why the Rule of 30 is a Better Way to Save for Retirement appeared first on Young and Thrifty ..read more

It’s tax season in Canada, so gather your paperwork and use this comprehensive guide to help you file your 2021 income tax return.  The post A Guide to 2022 Tax Season in Canada appeared first on Young and Thrifty ..read more

Most of us simply swipe our credit cards without question. But how does credit card interest work and how much damage could it do? More than you think! The post How Does Credit Card Interest Work? appeared first on Young and Thrifty ..read more

What do our writers have planned this year? Read our spreadsheet-free roundup of our most honest and realistic 2022 financial New Years resolutions. The post 6 (Brutally Honest) 2022 Financial New Years Resolutions from Our Writers appeared first on Young and Thrifty ..read more

Looking to save money as one of your New Year’s Resolution? Here’s some good news: as of January 1, 2019, the Canadian government raised the annual TFSA limit to $6,000, up from $5,500 last year. This increase means that Canadians who were at least 18 years of age in 2009 now have a cumulative maximum of $63,500 in TFSA contribution room — a significant chunk of money that can deliver tax-free compound earnings over time. A Tax-Free Savings Account (TFSA) is a great place to stash your cash and meet your money goals, but there are few things to understand before you get started saving. Here’s ..read more

What's the best credit card strategy for 2022? From reaping rewards to getting paid in cash, learn how to play your cards right and earn big this year. The post Your 2022 Credit Card Strategy appeared first on Young and Thrifty ..read more

From real estate market analysis to the secrets of financial wellness, you'll be sure to find what you're looking for with these 13 great finance podcasts. The post Buff Up Your Financial Literacy with These 13 Great Finance Podcasts appeared first on Young and Thrifty ..read more