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Carrick On Money

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

Entry archive:

Carrick on money: Cruises are seriously gross

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.

Cruises are seriously gross
Stats here on the incidence of nasty gastro-intestinal disorders on cruise ships, as well as on shipboard fatalities.

Best ways to buy U.S. dollars and other foreign currencies
Top currency exchange options for travelers. Interesting to see ATMs and credit cards on this list.

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Carrick on money: Strange things happen to men in their 40s

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.

Strange things happen to men in their 40s
All about the things men buy when the passage of time starts to unnerve them.

His parents called him boring
This family is living a frugal lifestyle by having no TV or cable. Does that make them boring? The family members think so.

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Carrick on money: Thank you, emergency fund. You saved my cat

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.

Thank you, emergency fund. You saved my cat
A millennial blogger writes a thank you note to her emergency fund for covering a $2,000 emergency vet bill for her cat.

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Carrick on money: Mean girls in the retirement 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.

Mean girls in the retirement home
A New York Times story about a 97-year-old woman who moved into an independent living facility and found it hard to break into the social cliques. High school revisited, in other words.

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Carrick on money: Why I’m happily renting and not owning

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

Why I’m happily renting and not owning
A blogger offers a mix of practical and whimsical reasons why she and her partner are cool with renting for the next few years.

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Carrick on money: The Top 25 countries to retire in, 2015 edition

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 Top 25 countries to retire in, 2015 edition
Latin American countries rule on this list produced by Forbes.

Meet the personal finance rule-breaker
A personal finance blogger writes about how he paid for a new car instead of buying used, rented instead of bought a home, didn’t save 10 per cent and more. In this follow-up, he writes about four more rules he broke.

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Carrick on money: The number that shows Canadian homes are overvalued

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 number that shows Canadian homes are overvalued
Look to the relationship between income and prices, this article from a CBC business commentator says. The traditional relationship is for properties to be about three times income. In Vancouver, the ratio is now around 10; in Toronto, seven.

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Carrick on money: What a million bucks buys you in housing

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 a million bucks buys you in housing
Million-dollar homes in Vancouver vs. 25 other U.S. and Canadian cities.

Individual investors not as klutzy as advertised
This blog post says a widely quoted study on the behavior of retail investors exaggerates their tendency to make mistakes.

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Carrick on money: Your shiny new appliances are junk

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 shiny new appliances are junk
CBC’s Marketplace TV show talks to a couple of repairmen about how today’s appliances aren’t made like they used to be.

You’re being played by the wedding industry
All about how department stores, jewelers, magazine publishers and wedding consultants push the idea of lavish weddings. “Prior to the mid-20th century, weddings of this ilk were the domain only of the wealthy,” it says here.

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Carrick on money: A warning to young Canadians about real estate

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.

A warning to young Canadians about real estate
This blog post argues that young adults shouldn’t let their parents talk them into buying a house. Parents benefited from a long cycle of interest rate declines that boosted housing prices. As a result, houses are much more expensive than they used to be in relation to income.

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Carrick on money: He’s saving 10 per cent, but it’s not enough

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.

He’s saving 10 per cent, but it’s not enough
A blogger figures he’ll need to save 20 per cent of net income to reach his goal of retiring in his 50s.

What a year without clothes did for me
A blogger called Mrs. Frugalwoods assures us she wore clothes in 2014, but she didn’t buy any. Here’s how her finances benefited.

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Carrick on money: Credit cards will be less rewarding in 2015

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.

Credit cards will be less rewarding in 2015
That’s a prediction from Patrick Sojka of the RewardsCanada website. He says here that card issuers will be less generous with rewards after bowing to pressure from the federal government to limit the interchange fees charged to retailers when a purchase is made on a credit card.

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Carrick on money: The three best things about being retired

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 three best thing about being retired
A retiree says it has taken him a few years to get the hang of retirement, but he’s now able to appreciate the benefits.

For those who need retirement saving motivation
Here are 10 reasons to get moving.

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Carrick on money: Are you house rich, but cash poor?

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.

Are you house rich, but cash poor?
A financial adviser has clients with valuable homes but under-fed retirement plans. This prompts him to look at the idea of selling the house, investing the proceeds and renting. Read here to see what he found.

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Carrick on money: Best value travel destinations for 2015

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.

Best value travel destinations for 2015
Tunisia, South Africa, Uruguay and more

Fifteen tips for frugal city living
A semi-serious list of ways you can save money while living in the city.

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Carrick on money: Five factors that will drive mortgage rates this year

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 factors that will drive mortgage rates this year
A mortgage broker’s analysis of where borrowing costs will head in 2015. Bottom line, he sees downward pressure on rates.

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Carrick on money: The biggest threat to boomer retirement plans

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 toughest threat to boomer retirement plans
It is a lack of support in the workplace for older workers who want to remain on the job, says this article from Time’s Money web page.

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Carrick on money: The big mortgage milestones of 2014

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 big mortgage milestones of 2014
This infographic highlights the year’s major mortgage developments. The numerous references to low rates and intense competition are a reminder of just how favourable the environment is for home owners right now.

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Carrick on money: A stealthy rule for becoming wealthy

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.

A stealthy rule for becoming wealthy
It’s called the “ten times test” – before buying anything, make sure you have 10 times the amount you want to spend in savings.

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Carrick on money: How much to tip everyone, like your dog groomer

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 much to tip everyone
Useful info at this time of the year.

Lies investors tell themselves
A nice collection of ways investors fool themselves. Well worth reading, even if you think you’re an investing pro.

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Carrick on money: Walk away from 2015 know-it-alls

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.

Walk away from 2015 know-it-alls
That’s the message from Burton Malkiel, highly respected author of A Random Walk Down Wall Street. He doesn’t have much time for year-end pronouncements on which markets will be up or down.

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Carrick on money: Let’s all calm down about over-valued housing

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.

Let’s all calm down about over-valued housing
A mortgage broker with a banking background says too much is being made of a Bank of Canada analysis of valuation in the housing market.

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Carrick on money: The super frugalistic guide to the holidays

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 super frugalistic guide to the holidays
A blogger admits here he and his wife have been wasting money the past couple of years and, as a result, won’t be giving each other presents this Christmas.

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Carrick on money: Twenty-three ways parents are blowing their 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.

Twenty-three ways parents are blowing their money
If you have kids, especially little ones, this list will hit home.

Personal finance advice on the Internet is bogus
A lot of Personal Finance 101 advice is absolutely savaged in this post on a blog written by unnamed Wall Streeters. A bit rambling, but worth a read. Warning: Salty language.

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Carrick on money: So much for my thinking on renting vs buying

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.

So much for my thinking on renting vs buying
I’ve written a lot of columns urging people to rent a home if they cannot truly afford to buy. A clear exception would be this $500,000 (U.S.) per month apartment in, where else, New York.

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Carrick on money: Three rules of retirement that really work

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 rules of retirement that really work
Basic rules of thumb with proven value for retirement planning.

Brag-worthy hobbies for cheap people
Blogging, hiking, podcasts and more.

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Carrick on money: Three smart ways to negotiate with a contractor

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 smart ways to negotiate with a contractor
Strategies for getting a good price on a job without insulting the contractors bidding for the work.

Avoid these mistakes in seeking financial advice
Interviewing just one candidate, not doing a background check and more.

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Carrick on money: Dazed shoppers succumb to bargain brain

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

Dazed shoppers succumb to bargain brain
That’s where you lose your common sense as a shopper and buy things just because you think they’re a good deal. Here’s how to prepare yourself.

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Carrick on money: How life gets better as we age

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 life gets better as we age
An upbeat look at some myths about aging. Example: Cognitive decline is not as inevitable as we may think.

The best credit card for Aeroplan members
The Top Five credit cards for people who collect Aeroplan points.

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Carrick on money: How we’ll save $1,000 this Christmas

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 we’ll save $1,000 this Christmas
A self-described “junkie for gift giving” offers up her plans for cutting spending this holiday season.

No one ever says they started investing too early
The younger you start saving and investing, the better. Period.

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Carrick on money: Ten retail tricks that suck money out of your wallet

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.

Ten retail tricks that suck money out of your wallet
Stores are playing all kinds of mind games with you, it says here. Good to remember at a time of year when people are out in force to shop for the holidays.

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Carrick on money: Guess who’s wrecking your retirement ...

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.

Guess who’s wrecking your retirement
The phenomenon of parents helping their Gen Y kids financially is getting lots of attention these days, some of it less than enlightened. Here, a U.S. financial website says “many parents are far too willing to keep the financial umbilical cord intact long after it should be severed.” Just fyi, the financial umbilical cord is sometimes a lifeline.

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Carrick on money: Being rich is as good as it gets, billionaire says

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.

Being rich is as good as it gets, billionaire says
Mark Cuban, billionaire sports team owner, scoffs at wealthy people who complain about the hassles of being rich.

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Carrick on money: Ten ways to increase your home’s value

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.

Ten ways to increase your home’s value
The suggestions here are as simple as adding a heated towel rack and putting new doors on your kitchen cabinets.

You can save money for home improvements by checking out these suggestions for spending less at the grocery store. An interesting recommendation made here is to ignore coupons and instead look for sales.

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Carrick on money: Forget city living, seniors are moving to the suburbs

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.

Forget city living, seniors are moving to the suburbs
A Concordia University study finds that seniors in Canada’s six largest cities are moving to the suburbs at a faster rate than all other age groups.

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Carrick on money: Thirty financial milestones to reach by age 30

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.

Thirty financial milestones to reach by age 30
Number One on the list is a sign of the times for sure: Financial independence from your parents.

Gen Y and the stock market
A smart analysis of how much exposure young investors should have to stocks. Conventional wisdom says a lot of stocks, even all stocks, is fine because 20- and 30-somethings have decades to go until retirement. But some experts question whether young people can tolerate the risk of having a portfolio heavy on stocks plunge in a bear market.

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Carrick on money: They sold their house for 52.5 times what they paid

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

They sold their house for 52.5 times what they paid
A realtor’s blog does something really cool – looking back at what it was like to buy a house in the 50s, 60s and 70s. Leading off is the story of a couple who bought a Toronto house for $30,500 in 1957 and sold it this fall for $1.6-million.

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Carrick on money: Twenty-three more things the middle class can’t afford

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.

Twenty-three more things the middle class can’t afford
Another blog submits its list of things the middle class used to take for granted, but cannot easily afford any longer.

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Carrick on money: Meet Canada's richest people

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. 

Meet Canada’s richest people
These people can afford it all. They’re the individuals named in the Canada’s Richest People 2015 edition of Canadian Business.

We need the stock market to fall 25 per cent
Wall Street Journal columnist Jonathan Clements shows there are negatives to the stock market’s quick, sharp recovery from the slump last month. The higher stocks go, the lower expected future returns are.

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Carrick on money: How to be frugal and still get a girlfriend

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 be frugal and still get a girlfriend
Tips on being savvy with money while not turning off the women you date.

Cheap date ideas that aren’t lame
Frugal and fun stuff to do.

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Carrick on money: Under 30? Old people stole your future

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. 

Under 30? Old people stole your future
This essay from The Telegraph in the UK fans the flames of inter-generation conflict by comparing the lot of young people today with baby boomers.

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Carrick on money: Canada’s favourite travel rewards credit card is…

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. 

Canada’s favourite travel rewards credit card is…
American Express Air Miles Platinum won in the annual fee category, and Amex Air Miles won in the no-fee category. These cards were the top choice of the 18,179 who voted via the Travel  Rewards Canada website.

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Carrick on money: Seven things the middle class can’t afford any more

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 things the middle class can’t afford any more
This is a U.S. list and it’s presented here as context for assessing the Canadian middle class. The things listed as unaffordable for Americans don’t seem to be such a problem here. Example: New vehicles. Canadians are buying new cars and trucks at historically high rates, although they’re using seven- and eight-year loans to do it. Wait a second – maybe our middle class isn’t so much better off.

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Carrick on money: The top five regrets of the dying

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 Top Five regrets of the dying
Much to think about in this list, which appears on a website for financial advisers.

Just say no to the upsell
Don’t let stores convince you to buy something more expensive than you came in for.

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Carrick on money: Twelve moves that make you a cheapskate

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. 

Doing these 12 things makes you a cheapskate
An amusing list that includes stiffing restaurant waiters on tips and prying apart two-ply toilet paper.

Stocks and other terrible investments
Investor advocate Dan Solin lists what he considers to be terrible investments, as well as some good ones. Solin doesn’t like individual stocks – he prefers index funds that give you exposure to all the stocks in a particular stock index.

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Carrick on money: Choosing between eloping or a lavish big wedding

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. 

Should my daughter elope or have a big wedding?
The question really being asked here is whether it’s OK not to spend lavishly on a big wedding.

Planning your 40-year retirement
In the United States, advisers are starting to look at increasing lifespans and preparing clients for 40 years in retirement.

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Carrick on money: Your five-minute retirement readiness checkup

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. 

Do your own five-minute retirement readiness checkup
Introducing the newly revamped version of the federal government’s Canadian Retirement Income Calculator. If you don’t know where you stand on retirement saving, it’s an excellent place to begin.

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Carrick on money: Rich parents are a millennial’s best friend

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. 

Rich parents are a millennial’s best friend
Toronto Life investigates the phenomenon of parents providing financial support to their adult kids through help buying homes, paying the mortgage and covering costs like daycare. I contributed some cautionary comments on parents helping their kids buy a house.

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Carrick on money: This space cadet is raiding his retirement savings

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

This space cadet is raiding his retirement savings
An American named Jim Clash has spent a chunk of his retirement savings to pay for a reservation with Virgin Galactic to travel into space.

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Carrick on money: The dangers of low interest rate tunnel vision

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 dangers of low interest rate tunnel vision
Low mortgage rates are the glue holding our housing market together. But this blog post makes the point that there’s more to a good mortgage than a low rate.

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