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Carrick On Money

Rob Carrick pulls together the best personal finance ideas of the week

Entry archive:

Carrick on money: Six reasons to tap your emergency fund

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Six reasons to tap your emergency fund
Having an emergency fund is Personal Finance 101 stuff. Here, we move to a higher level by looking at what emergencies are serious enough to dip into your stash of savings.

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Carrick on money: High-paying jobs that will make you miserable

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

High-paying jobs that will make you miserable
Physician, junior investment banker, sales manager and more.

The case for buying Manulife
The Motley Fool website explains why investors seeking under-valued stocks should buy Manulife Financial.

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Carrick on money: Three investment products retirees should avoid

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Three investment products that retirees should avoid
A useful rundown on a few things that just don’t fit in the investment portfolio of a retiree.

The latest on our Don’t Worry, Be Happy housing market
A thorough review of all the reasons why there are concerns that housing prices could could fall after a long rally.

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Carrick on money: Golf and grandkids in retirement? You’ll be bored

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Golf and grandkids in retirement? You’ll be bored
Five activities that seem like a good idea before retirement, but may not work out as you expect.

How to avoid arguments over money
All about the benefits of regularly scheduled money talks with your partner.

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Carrick on money: College is a ludicrous waste of money

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

College is a ludicrous waste of money
So says former U.S. Labour Secretary Robert Reich in this blog post. Reich refers to the U.S. situation, where tuitions are more expensive and the economy was harder hit by the recession. But he makes a point that applies well here in Canada – that trades and technician jobs need to be better promoted as a way of generating a good income and lifestyle.

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Carrick on money: Six ways you’re eating and drinking yourself into debt

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Six ways you’re eating and drinking yourself into debt
How drinking and eating at bars and restaurants can blow your budget.

Opting out of your pension? Don’t be daft
A look at how a significant number of people with defined contribution pension plans have opted not to participate. They’re passing up free money from their employer in the form of matching pension contributions.

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Carrick on money: Debt killed my dad

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Debt killed my dad
A financial planner writes here about how stress caused by debt worsened his father’s health problems.

Best reward credit cards
MoneySense’s list of the best travel and cashback cards.

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Carrick on money: These tech products are splurge-worthy

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

These tech products are splurge-worthy
Quality headphones, mechanical keyboards, desktop computers – they’re all on this list of 10 tech quality tech products that are worth the money.

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Carrick on money: Look who's defrauding your mom and dad

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Look who's defrauding your mom and dad
The sad reality around financial abuse of seniors is that family members are most often responsible.

Get paid to buy stuff
Here’s a list of cash back websites, where you can get rebates for buying everyday items.

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Carrick on money: You want exciting investments? Play Monopoly

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

You want exciting investments? Play Monopoly
A satirical look at some options for people who want more action from their investments. The lesson here is that excitement = risk.

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Carrick on money: Thirteen things I learned about money in my 20s

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Thirteen things I learned about money in my 20s
Life is easy without a mortgage – that’s my favourite on this list created by a financial blogger.

Lessons learned
Personal finance experts speak out about the money lessons they learned from their days in university.

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Carrick on money: Avoid RRSPs in these five situations

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Avoid RRSPs in these five situations
This article for advisers lays out several situations where contributing to a registered retirement savings plan doesn’t make sense.

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Carrick on money: No free lunch? No kidding

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How to negotiate a cheaper hotel room
Lots of useful suggestions here on how to pay less when booking a hotel room.

Affordable home upgrades
Some ideas in this blog post for inexpensive ways to spruce up your home, inside and out.

No free lunch? No kidding
All about the U.S. trend of parents buying expensive re-useable, non-toxic containers for their kids’ school lunches. No more Ziploc bags and juice boxes.

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Carrick on money: Nineteen things you must do before having kids

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

It costs HOW MUCH to raise a kid?
A U.S. estimate puts the number at $250,000 (U.S.) for raising a child to age 18, up 2 per cent from last year.

Nineteen things you must do before having kids
Many of them involve spending money you will not have once you’re a parent.

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Carrick on money: Mortgage shopping? Go five-year fixed

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Mortgage shopping? Go five-year fixed
A mortgage broker with a banking background sizes up the current economic environment and concludes that a five-year fixed rate mortgage is a better choice for most buyers and people renewing mortgages.

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Carrick on money: How to wean a spoiled kid off your chequebook

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Proper care and feeding of your spoiled 23-year-old
Those poor, poor rich kids. Coddled by their parents, they can grow up to be “to be entitled, materialistic and unhappy slackers.” Read here about how to prevent this from happening.

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Carrick on money: Some of you are shockingly bad at investing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Some of you are shockingly bad at investing
“The performance of the typical investor over [the last 20 years] is shockingly poor,” a market strategist has written. Blame our tendency to let emotions rule our investing decisions.

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Carrick on money: Buying a condo? Here’s what you need to know

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Buying a condo? Here’s what you need to know
A list of details that can affect your mortgage financing when buying a condo.

How to prepare for retirement
Six key points to cover in looking ahead to retirement.

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Carrick on money: Tax tips for cottage owners

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Tax tips for cottage owners
Some thoughts on how cottage owners can transfer or sell the property to family members while minimizing taxes.

Seven steps to a cheaper hotel room
The New York Times’ frugal travel blogger shows you how it’s done.

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Carrick on money: Nine reasons to love your mortgage

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Nine reasons to love your mortgage
No joke. Some solid points are made here about how mortgages are a cost-efficient way to borrow.

My stupid money mistake
This blogger’s blunder is offered up to let you know that mistakes do happen in personal finance. Your goal is not to be fooled again.

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Carrick on money: It’s my latte and I’ll indulge if I want to

Rob Carrick

Will retiring boomers kill the stock market?
The theory is that the coming wave of retiring baby boomers will want to invest conservatively, and that means taking money out of stocks. Here’s a reality check.

These financial rules of thumb are unreliable
Fifteen financial rules – some useful and some out to lunch.

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Carrick on money: The four numbers that tell if you’re financially healthy

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The four numbers that tell if you’re financially healthy
Your credit score, your retirement savings and more.

Why aren’t you paying down your mortgage faster?
It says here that not a lot of people are making extra payments on their mortgage, even though there are big benefits in doing so.

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Carrick on money: Toronto is well supplied with millionaires

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Wealthy people – where they live and how they invest
Canadian Business highlights the richest neighborhoods by province. Mine didn’t make the list.

By world standards, Toronto is well supplied with millionaires
Here’s some intel on how wealthy people are investing these days.

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Carrick on money: Seven truths people can’t accept about investing

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Seven truths people can’t accept about investing
A tour of the many ways investors delude themselves.

Uber-bear says we’re in a stock bubble
The bear is John Hussman, a U.S. money manager who has been negative on stocks throughout the rally of recent years.

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Carrick on money: Confessions of a spoiled rich kid

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Confessions of a spoiled rich kid
He’s the son of a Silicon Valley entrepreneur who was a generous father. Perhaps too generous, as you’ll read here.

The 411 on index funds
A look at how index mutual funds and exchange-traded funds differ in the indexes they track, and the fees they charge.

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Carrick on money: Don’t ever say this to your spouse about money

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Don’t ever say this to your spouse about money
Four tips about talking to your partner about financial matters. The thing you should never say: “I went through the credit card statements and can’t believe you spend so much on stuff we don’t even need!”

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Carrick on money: These U.S. housing markets are drawing Canadians

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

These U.S. housing markets are drawing Canadians
According to this blog post, Las Vegas, Los Angeles, Detroit and Florida in general are big.

Why you should worry about longer car loans
Car loans are increasingly being stretched out over six to eight years. This makes the monthly payments more affordable, but it also means that you could owe more after five years than your car is worth.

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Carrick on money: High house prices are a burden on society

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

High house prices are a burden on society
This financial blogger used to think warnings about high real estate values were overblown. Now, he thinks high prices are a societal problem.

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Your parents are richer than you think

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Your parents are richer than you think
A survey shows that young people significantly underestimate the wealth of their parents.

Customers complain about this Aeroplan flight
A look at some of the complaints of people who were switched from CIBC to TD as part of a revamping of Aeroplan-linked reward credit cards at the two banks.

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Four kinds of insurance you don't need

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Four kinds of insurance you DON’T need
Identity theft coverage, extended warranties and more.

Mind those monthly income funds
Mutual fund analyst Dan Hallett warns investors here that they should expect more monthly income funds to cut their distributions.

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Carrick on money: Cheap vacations? Look no further than these cities

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Cheap vacations? Look no further than these cities
Top 10 lists of cheap U.S. and international cities as judged by costs for hotels, airport taxis, restaurants and cocktails.

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Carrick on money: The hottest, quietest Canadian real estate market

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The hottest, quietest Canadian real estate market
It’s Hamilton, roughly one hour’s drive from Toronto (barring highway traffic problems).

How a brighter U.S. jobs outlook could push up mortgage rates
A mortgage broker explains the linkage between the health of the U.S. economy and Canadian mortgage rates.

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Carrick on money: Is trading stocks for suckers?

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

“With houses, Canadians expect only gains”
Housing bear Garth Turner makes this important point in an analysis of our differing attitudes toward risk in the stock and housing markets.

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Eight steps to raising money-savvy kids

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Eight steps to raising money-savvy kids
Personal finance bloggers share ideas they’ve used to teach their own kids about money.

The fairy dust stock market
An argument is made here that the stock markets have been shrugging off some alarming global developments lately, which suggests the second half of the year won’t be as good for markets as the first.

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Stop blaming boomers for their retirement woes

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop blaming boomers for their retirement woes
A blogger disputes the often-heard narrative that baby boomers lack the money they need to retire with financial security because they’re better spenders than savers. She argues that there are other factors at work, including corporate downsizing and the shift away from defined benefit pension plans.

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Five bad money habits you really should break

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Five bad money habits you really should break
Paying bills late, spending money as soon as you receive it and more.

Check out the six “spending personalities” listed here to see which one best matches you.

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Carrick on money: Canadian investors are (mostly) losers

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Canadian investors are (mostly) losers
The U.S. investor advocate Dan Solin writes here that while there is much to admire about Canada, investors here are “clueless about basic principles of investing.”

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Carrick on money: Boomerang kids aren’t bouncing back

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Boomerang kids aren’t bouncing back
The New York Times looks at how moving back home is working out for millenials. In some cases, they’re just not able to find jobs that will enable them to achieve financial independence. Note the stunningly high debt levels some of these young adults have racked up. A reminder of how much higher U.S. post-secondary tuition costs can be.

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Carrick on money: Eight money mistakes that newlyweds make

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

What seniors wish their financial advisers knew
This list is aimed at advisers, but it’s worth reading by seniors who want to start a dialogue with their advisers to get better service. Key points: Trust is paramount, and aggressive sales pitches are not appreciated.

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Carrick on money: Stop saying those nasty things about the super-rich

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop saying those nasty things about the super-rich
A lot of the things we believe about the uber-wealthy just aren’t true. For example, they didn’t all inherit their money, and they don’t all own private jets and yachts.

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Carrick on Money: Must-haves for your investing toolbox

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Must-haves for your investing toolbox

1.) Calculators: The Investing For Me blog offers a tonne of calculators and worksheets on budgeting, debt management, retirement planning and investing.

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Carrick on money: Five horrifying truths about funeral homes

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Houses as an investment? Get over it
A blogger deconstructs the widely held notion that houses are an investment.

Meet the ATM of the future
Biometric scanning of your palm prints and delivery of cash in your choice of denominations are among the features already being tested.

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Carrick on money: What we’re really teaching our kids about money

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

What we’re really teaching our kids about money
All about the “money scripts,” or personal beliefs about money that we pass on to kids.

How to raise money-smart kids – some suggestions come from a mortgage and credit counselling expert.

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Carrick on money: Hockey pricier than horseback riding for kids

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Hockey now pricier than horseback riding for kids
A study shows that hockey is the second most expensive of 44 sports for kids. Water-skiing came in at Number One.

Tales from two expensive housing markets
Toronto Life profiles some young families raising kids in condos, including a couple with a 10-month-old baby living in a 607-square-foot, one-bedroom-plus-den unit.

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35-year-old completes his million dollar journey

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Winners and losers in Canada’s housing market
This infographic highlights wins like lower mortgage rates and losses like unsustainable price growth in come cities.

35-year-old financial blogger completes his million dollar journey
The guy behind the Million Dollar Journey blog has for years been chronicling his attempt to reach $1-million in net worth. Read here about how he reached that goal and the advice he has for others to reach their financial goals.

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Carrick on Money: The stress-free guide to downsizing your home

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The stress-free guide to downsizing your home
A thorough look at how to manage the process of downsizing. Did you know there are downsizing or relocation services that will manage the move for you?

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Carrick on Money: Eight surprise costs for new homeowners

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Eight surprise costs for new homeowners
Changing the locks, repairing appliances, adding window coverings and more.

Dear Mrs. Buffett…
An ETF analyst gently calls out Warren Buffett for investing his wife’s inheritance in an exchange-traded fund tracking the S&P 500. It’s not that Buffett chose an ETF. Rather, the issue is that he should have chosen one that tracks a broader index that includes small- and medium-size companies instead of just big blue chips.

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Carrick on money: The secret to finding winning investments

Rob Carrick

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The secret to finding winning investments
This New York Times column says it’s more useful to look at how much a product costs to own than at its past returns.

The travel reward cards that travel bloggers use
Twenty travel enthusiasts were asked what travel reward credit cards they use, and for their best tips on saving money while on the road.

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Carrick on money: Where the smart real estate money is going

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Words of wisdom
A father’s advice to his graduating son on money and life.

What the latest economic news means to mortgage rates
A mortgage broker examines the past week’s economic developments and finds they support his view that mortgage rates will stay low for the foreseeable future.

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Carrick on money: Need money for retirement? Cut off your kids

ROB CARRICK

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Need money for retirement? Cut off your kids
That’s one of the points listed in this blog post on how to cut retirement expenses.

In this recent column, I note the significant level of financial support that parents are giving their adult kids. Some are re-mortgaging their homes and dipping into their retirement savings.

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About the writer

Rob Carrick

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.

Follow Rob on Twitter @rcarrick