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(Anatoliy Samara)
(Anatoliy Samara)

Personal Finance Reader

Carrick's Reader: How allowances corrupt kids Add to ...

How allowances corrupt kids It says here that giving kids an allowance can warp their values by glorifying money as a reward.

Fight the power Here’s a wealth of useful information on how much electricity your household appliances use, and on ways to cut your monthly power bill.

A path to cheaper cellphone bills Here’s a long checklist to help you determine what kind of a cell phone plan makes sense for you.

Investing in mortgages A comprehensive look at mortgage investment corporations (MICs), which are a vehicle through which you can investing in mortgages and potentially generate returns that are a couple of percentage points above what GICs offer.

More money Join the 10,000+ 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.

Follow us on Twitter: @globemoney

Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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