carrickmoneynewsletter

Online portals make it easier to deal with inheritance issues.  When will the banks catch up?

Online portals make it easier to deal with inheritance issues. When will the banks catch up?

Administering an estate is not a fun idea. But as Canadians are expected to transfer up to $1 trillion in inheritances over the next decade, more and more of us are becoming intimately familiar with the emotionally charged and bureaucratic obstacle course of handing out the assets of a deceased family member. The good news …

Online portals make it easier to deal with inheritance issues. When will the banks catch up? Read More »

In a tough year for personal finances, what's normal for debt and savings?

In a tough year for personal finances, what’s normal for debt and savings?

A lot of personal finance exists in an idealized world where people keep debt to a bare minimum and take the maximum approach to saving and investing. We have just started a year where many people will compare their own situation to the ideal and feel like they fall short. Nothing good will come of …

In a tough year for personal finances, what’s normal for debt and savings? Read More »

"There's no fun twist on reality - 2023 will be brutal for many families"

“There’s no fun twist on reality – 2023 will be brutal for many families”

People pay for their items at a grocery store in Toronto on November 22.CARLOS OSORIO/Reuters I’m on vacation next week, so allow me to take this opportunity to wish you a happy holiday season. Thanks for reading and stay tuned for lots more personal finance and investment coverage in 2023. The Carrick on Money newsletter …

“There’s no fun twist on reality – 2023 will be brutal for many families” Read More »

A debt voyeur's guide to average mortgage balances, lines of credit and more

A debt voyeur’s guide to average mortgage balances, lines of credit and more

Personal finance is often plagued by conditional “it depends” and “on the one hand” advice that fuels confusion. So let’s try something simple and straightforward for 2023 and call it the year of debt repayment. With mortgage rates and home equity lines of credit between 5 and 6%, you can be sure the best use …

A debt voyeur’s guide to average mortgage balances, lines of credit and more Read More »