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Carrick on money: Will rising rates wreck your finances?

Interest rates

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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 wreck your finances?
The federal Financial Consumer Agency of Canada has created this worksheet to help people determine how much their monthly debt carrying costs will rise when interest rates increase.

If I had a hammer
Seven cheap essentials everyone needs when moving into a first apartment, including basic tools like a hammer and tape measure.

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The American Dream is dead
So suggests economist and Nobel price winner Joseph Stieglitz, who has written a book called The Price of Inequality: How Today's Divided Society Endangers Our Future. Stieglitz says the prospects of a young person in the United States depend more on his or her parents' income and education than in any other industrialized country for which there is data.

Caring for kids
Good information for new parents on how much daycare costs (a lot). As the parent of older teenagers, I can add to this analysis that new costs emerge to soak up a lot of what you were spending on daycare.

More money
Join the 17,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

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. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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