Introduction to Saving Money in Canada In November 2025, Statistics Canada reported that the consumer price index (CPI) increased approximately 2.2% year-over-year, driven by higher food and other household prices. Food prices alone rose by almost 4.7% over the same period - one of the highest increases since the end of 2023. Meanwhile, polls show Canadians are still under pressure, with more than four in five Canadians citing inflation as their top concern, and more than half saying their income could not keep up with rising prices. Understanding the Need to Save All of this makes it not only desirable but necessary to save money and find creative ways...

Moving Back Home to Achieve Financial Goals: A Delicate Balance Moving back home can be a strategic decision to help you reach your financial goals faster, such as paying off debt, increasing your emergency fund, or saving for a house. However, experts emphasize that this decision should be based on intention and a well-thought-out plan. It's essential to consider the potential benefits and drawbacks of moving back home and to have open and honest conversations with your family about expectations and boundaries. Planning and Setting Expectations Jeri Bittorf, a financial wellness coordinator, stresses the importance of setting measurable goals and a timeline for your savings objective. This could be...

Managing Variable Income: A Guide for Freelancers and Entrepreneurs Variable income can be a challenge to manage, especially for freelancers and entrepreneurs who experience fluctuations...

Budgeting and money management are essential skills that everyone should possess. With the rising costs of living and the uncertainty of the economy, it's...