It’s no secret that vacationing in Hawaii can be expensive. It’s a remote set of islands, after all, and it’s not cheap to transport goods all the way to the middle of the pacific. My wife and I found out just how expensive it can be when arrived in Oahu, one of the most popular islands for tourism in Hawaii. We had done our research on how to keep costs low, but there were definitely some things that caught us by surprise. If you’re looking to visit Oahu for your next trip, here are 10 tips that will help keep you under-budget.

It can be gut-wrenching to be an investor in the time frame before and during a recession. The markets can seem to go completely haywire, leading many to swear off of investing completely, at least for a while. But don’t be so quick to hit the eject button and pull the ripcord on your parachute! If you do, you could be doing yourself a massive disservice. Here’s why.

Once upon a time, Financial Advisors played a very specific role for their clients. Their job was to understand your financial situation, explore investment options, and then make a recommendation back to you as to how best to invest your money to meet your goals. That role is changing, though. Let’s take a look at the forces at play, shall we?

I was looking at some research from the Co-Operators recently that highlighted something that has always been rampant among Canadian culture: we place a lot of pressure on ourselves to appear financially savvy. And I have a feeling that’s not just a Canadian thing, either. Everyone knows that personal finance is important, but we do such a bad job as a society of making access to knowledge on the topic available that it feels like our only choice is to pretend like we know what we’re talking about.

Today is National Day for Truth and Reconciliation here in Canada. It’s important that we all take the opportunity to research and learn more about all the work we have left to do in order to undo the generations of damage caused by the residential school system. As someone who writes about personal finance, one lens I’ve not explored yet is how to close the gap in financial literacy between indigenous and non-indigenous communities.

Dollar-cost averaging is a term that was made popular by David Chilton in his most famous book, The Wealthy Barber (which by the way, I recommend to anyone who asks me what they should read for their first personal finance book). It can be tricky to grasp at first, but the benefits are clear once you wrap your head around it. So what is dollar-cost averaging, and why should you do it?

I have a bit of a love-hate relationship with GICs. They have plenty of drawbacks that limit their use cases, but at the same time I can see the role that they can play in someone’s personal financial plan. So what do you need to know about GICs and when to use them?

There are plenty of trustworthy financial advisors out there. There are also plenty of sketchbags in the industry, and knowing how to distinguish between one and the other can save you a lot of headache and thousands of dollars over the long run. Here are a few telltale signs that your advisor might not have your best interests at heart.

Here in Canada, we love our four-letter acronyms for investment vehicles. You’ve got the RRSP (aka the Registered Retirement Savings Plan), TFSA (Tax Free Savings Account) and many, many more. And now, awaiting royal assent and set to be introduced in 2023, we’ll have one more acronym to add to the list: the FHSA. So what is an FHSA, and what the heck is it used for?