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Carrick On Money

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

Entry archive:

Carrick on money: The best countries to grow old in

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 best countries to grow old in
Canada ranks fourth, Norway first. You’ll also find a list of the worst countries in which to be a senior.

Seniors struggle with housing costs…
Declining incomes and rising home expenses are squeezing seniors’ budgets.

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Carrick on money: The ridiculous expectations of the middle class

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 ridiculous expectations of the middle class
A look at one U.S. family’s finances shows a big gap between lifestyle expectations and cash flow.

Canada’s dumbest charges
CBC’s Marketplace asked viewers which fees and charges bugged them the most. Here’s the list.

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Carrick on money: Condo boom rolls on as buildings fall apart

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. 

Condo boom rolls on as buildings fall apart
Canada’s condo market is drawing money from foreign investors looking for a safe haven. But the quality of the construction in these buildings isn’t always as reliable as our banking system.

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Carrick on money: How to save a fortune, and your marriage

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 save a fortune, and your marriage
Simple – don’t overspend on a wedding. I like this quote: “A diamond may be forever, but a marriage built on materialism and debt sits on shakier ground.”

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Carrick on money: Try not to do anything stupid with your stocks

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.

Try not to do anything stupid with your stocks
A Maclean’s writer says fear is back in the stock market, and that means people will be tempted to abandon sound investing plans. Key point: “Corrections are a regular part of the market, despite what the last two years might have led some to believe.”

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Carrick on money: The moment I outgrew my 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.

The moment I outgrew my money
A blogger reflects on the moment she realized she achieved financial peace by realizing she had enough money and didn’t need to struggle so hard to make more.

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Carrick on money: Will rising rates crush young condo buyers?

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.

Will rising rates crush young condo buyers?
A look at how the young people who are big buyers of condos these days would fare if interest rates were to rise.

Why plunging oil prices both help and hurt
They mean lower gasoline prices, but also lower prices for energy stocks. That’s the key consideration here in Canada, where energy is the second largest stock market sector.

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Carrick on money: Great news for millennials: Stocks are plunging

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.

Great news for millennials – stocks are plunging
A sensible argument is raised here – with decades to go until retirement, young people should jump on every chance they get to buy stocks when they’ve fallen hard in price.

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Carrick on money: Ten ways the rich are smarter with 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.

Ten ways the rich are smarter with money
A blogger lays out the ways that wealthy people can make smarter money decisions than your everyday wage slave.

How to put your old iPhone to work
A surprising number of ways to keep your old smartphone useful instead of junking it.

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Carrick on money: Never say this word to a stay-at-home parent

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.

Never say this word to a stay-at-home parent
The word is “allowance,” and it shouldn’t be used to describe money set aside for a stay-at-home parent to spend.

RESPs, from start to spend
A concise overview of how to set up and contribute to a registered retirement education savings plans, a too-often overlooked savings vehicle that parents and grandparents can use to help their kinds pay for a post-secondary education.

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Carrick on money: Why I hope to die at 75

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.

Why I hope to die at 75
You may live longer than the parents, but you’re more likely to be more incapacitated. That’s why this writer says 75 years is enough for him.

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Carrick on money: ‘Retired husband syndrome’ causes stress at 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.

‘Retired husband syndrome’ causes stress at home
This article from The Telegraph in the UK discusses the strain on marriages that can occur when men retire and spend more time at home.

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Carrick on money: Retire early, die sooner?

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.

Retire early, die sooner?
One study suggests the answer is yes, but it’s not a slam-dunk. It says here that staying active is the key to a long life.

A survey of research on how being retired affects your sense of well being.

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Carrick on money: Outrageous tales from an overheated housing 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.

Outrageous tales from an overheated housing market
Toronto Life highlights the winners and losers in a “viciously competitive, record-breaking market.” Highlight: The street where ‘enter-at-your-own-risk’ houses sell for $100,000 over asking.

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Carrick on money: Don’t let the stock market crash 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.

Don’t let the stock market crash your retirement
Stock market declines and four other factors that can derail your retirement unless you plan properly.

The problem with home-cooked meals
Cheaper and better for you than fast food, sure. But for a variety of reasons, cooking a balanced meal is hard for some families.

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Carrick on money: The Top Five travel reward programs

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 travel reward programs
The RewardsCanada website ranks credit card travel rewards in terms of the overall value they provide. Rewards plans focusing on flights, hotels and general travel make the list.

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Carrick on money: Why I don’t say ‘We can’t afford that’

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.

Why I don’t say ‘We can’t afford that’
A blogger makes some great points here about how our success in saving and spending can be affected by the language we use to describe it.

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Carrick on money: Five rookie home-buying mistakes

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 rookie home-buying mistakes
Over-spending, failing to account for the full range of closing costs and more.

About those closing costs when you buy a house…

How rich is your financial adviser?
If you're curious, here are some polite ways to check.

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Carrick on money: Fly out of these cities for the cheapest flights

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.

Fly out of these cities for the cheapest flights
These airports have listed as having the cheapest average airfares for flights to popular destinations.

Want to save more? Stop buying your lunch
Check out the cost savings of bringing your lunch to work rather than buying it – as much as $2,000 to $3,000 or more per year.

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Carrick on money: Older investors need to stop making these mistakes

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.

Older investors need to stop making these mistakes
Working with the wrong financial adviser, trying to time the market and more.

Why smart people can’t agree about stocks
The argument made here, and it’s a good one, is that a lot of your perspective on stocks depends on how old you are and which market cycles you’ve lived through.

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Carrick on money: I’d pay more to live near …

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.

I’d pay more to live near…
Top answers include rapid transit, and shopping and restaurants.

The world’s most expensive cars
The cheapest costs $850,000 U.S., more than two times the average Canadian home price.

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Carrick on money: What I learned by losing a million dollars

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 I learned by losing a million dollars
A blogger raves about a book written by a man named Jim Paul who describes the lessons he learned in losing a fortune.

Ten things you need to teach kids about money
A good list of money basics – it must be earned, it’s not infinite, not everyone owns the things they have, and more.

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Carrick on money: Will I have to support my adult kids forever?

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.

Will I have to support my adult kids forever?

Read here to find out how to help your adult children financially, but also strategically. The idea is for parents to foster financial independence without doing damage their own situation.

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Carrick on money: Seven money mistakes to avoid in your 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.

Seven money mistakes to avoid in your 20s
A good list that includes studying the wrong thing and being too shy to negotiate your salary.

How far will you go to save money?
A blogger writes here about how she wore a pair of disposable one-month contact lenses for two years.

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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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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