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Updated by Sandi Martin on Aug 02, 2016
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Canadian Personal Finance News | July 2016

July's list of the best Canadian personal finance news, articles, and blog posts from around the internet, expertly curated for interest and relevance. You can follow this list right here in List.ly, by following me on Twitter (@sandimartinspf), or by signing up for Spring in your inbox here: https://springpersonalfinance.com/contact/

Sorry, You’re Just Going To Have to Save More Money​ | Jason Zweig

"With such slim prospective returns on offer, you will have to lower your expectations and raise the amount you save.

“Investing is always a partnership between you and the markets,” says Mr. Kinniry. In the 1980s and 1990s, when stocks and bonds alike racked up double-digit average returns, the markets did most of the work. “But now you are going to have to be the majority partner,” he says.

In this weird world, if you want to have more money, you will need to save a lot more money."

On Rebates, Deal Sites, and Consumption | The Frugal Girl

"deals and rewards are only truly frugal when they’re applied to a budgeted-for purchase that was already going to happen"

How do we split our expenses when we move in together? | Jane Larkworthy

"Making presumptions about who’ll pay for what is mighty shaky ground on which to start a new life"

Waste Money Now Or Waste Money Later | Harry Sit

"He spent his money on his own priorities. Who says it must be better if he went to law school, made $330k a year, and retired at 33 to travel the world on a $24,000/year budget"

Exit Row Strategies | Dirk Cotton

"recovering from bear market losses while you are still working, earning income, and buying stocks at discounted prices is one thing. Recovering those losses after you start spending in retirement using stocks that have fallen in value and having no income to buy discounted stocks is quite another."

How much are your mutual funds really costing you? | Christopher Davis

What Scottish poet Andrew Lang said of politicians--that they "use statistics in the same way that a drunk uses lampposts"--could also be said of the Investment Funds Institute of Canada's (IFIC) recent effort to illustrate the value investors receive from paying mutual fund fees.

Understanding Your Statements (CRM2) | FAIR Canada

If you keep hearing about "CRM2", here's the best set of explanations I've found. You owe it to yourself to watch them.

Planning for Retirement: Uncertainty is Certain, so Pick Your Poison

"In the face of uncertainty about spending, investment returns, interest rates, the housing market, inflation, and your own health and longevity, the uncomfortable truth is that you have to pick your poison. You can protect yourself against some risks, even optimize your plans for some set of probable outcomes, but you can’t avoid every risk and optimize for every outcome."

The End Of History Illusion And Goal Based Investing | Michael Kitces

"In this context, it’s more about doing financial planning to understand what goals would be possible, rather than pursuing any one in particular, and ensure that goals aren’t so risky that no (tolerable portfolio could achieve them). And planning strategies like “avoid or minimize debt” become highly relevant, not because “debt is bad” but simply because “debt limits choices” and reduces flexibility… in a world where, as noted, we can’t really predict what we’ll like and want to do in the future. Similarly, “emergency savings” isn’t just about having available cash for an “emergency”, but any number of significant life choice changes, from getting married to having kids to getting divorced, or going back to school or changing jobs or starting a business."

[Video] How 0% financing can actually cost you more money | Preet Banerjee

I always get asked about 0% financing on auto loans, and whether or not they can make sense from a planning perspective even if you have the means to pay cash for a car. I get the thinking, with the opportunity cost, etc. But it always comes as a surprise to people to learn that 0% financing may end up having higher costs than you realize.

Canadian Personal Finance News

June's list of the best Canadian personal finance news, articles, and blog posts from around the internet, expertly curated for interest and relevance.