personal finance

Preparing the guest list can be the hardest part of the whole planning process, but there’s no cause for despair. It’s the single highest-impact wedding element to economize. Guest numbers are the largest individual component of the entire wedding price, because each guest increases the costs in the major expense areas — venue and catering.

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In last week's article we discussed how to talk with your child about their financial situation. Once you've initiated the conversation and are willing to financially assist your adult child, here's the next step you should take...

It is bound to be awkward, but if kids expect their parents to be forthcoming with financial assistance, the  parents need to have an idea of where their children are financially. Simply laying out their student-loan totals to demonstrate how poor they are isn't enough information. You and the children need to figure out their overall financial situation. It cannot be a simple single question, "Here's how much I need for my goal, can you afford to pay it?"...

From January 2009, Canadians over the age of 18 can save up to $5,000 a year in a Tax Free Savings Account (TFSA). There are some potential issues you should know about regarding your TFSA and your will...