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 prepared for a frugal retirement?
Retirement has been marketed by the financial industry as a time to reward yourself for a lifetime’s hard work. But some of us will struggle to make our finances work in retirement, just as many people do in their working years. Here are some thoughts for people looking ahead to a frugal retirement.
It’s OK to be a frugal weirdo
Frugality is assumed to be a virtue in the world of personal finance writing, but on the outside, frugality is sometimes a synonym for cheap. Here, a blogger argues that making the choice to be frugal is about asserting your independent thinking about money.
Here’s a classic example of how extreme frugality isn’t always admired. It’s the story of Sean Cooper, a young Toronto man who paid off the mortgage on his $425,000 bungalow in Toronto at age 30.
The latest on Cooper? With his mortgage paid off, he’s looking for love.
What 15 years of writing about money teaches you
Personal finance author and TV host Farnoosh Torabi writes about the money lessons she’s learned over the years. One I particularly like is "There’s no such thing as job security." Relevant to our economic situation in Canada right now for sure.