Tag Archives: Rob Carrick

April 24: Best from the blogosphere

By Sheryl Smolkin

It’s show time again! For your viewing pleasure, in this monthly feature we present links to a selection of personal finance videos.

For students who may be filing an income tax return for the first time (and there is still one week left), CRA offers a series of 10 short videos. For example, Segment 2: Do I have to file is geared towards helping Canadian students determine whether or not they need to file an income tax and benefit return.

Globe and Mail columnist Rob Carrick shares four steps for millennials to get started as  investors, including where to put savings for a home down payment and where not to invest  savings.

Preet Bannerjee, author of Stop Over-Thinking Your Money: The Five Simple Rules of Financial Success (Portfolio Penguin, 2014) offers five simple rules of financial success. Rule #1 is to “disaster-proof” your life.

And finally, a video from the Canada Deposit and Insurance Company interviews three couples about their financial hopes and dreams and ways that they are protecting their hard-earned money.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Mar 27: Best from the blogosphere

By Sheryl Smolkin

It’s that time of month again. Here are a series of personal finance videos for your viewing pleasure.

Rob Carrick at the Globe and Mail says an overlooked way to prepare for retirement is to establish the groundwork for working beyond age 65 when you are still in your 40s and 50s.

Another interesting Globe and Mail video offers valuable advice on avoiding financial fraudsters including how to protect your computer and online passwords.

Bridget Casey from Money after Graduation posted three ways to spring clean your finances last April, but her suggestions are still relevant a year later. She says one of the first things you should do is get your free credit report.

Former gambler turned personal finance coach Beau Humphreys shares his journey from drowning in debt to financial freedom with Jessica Moorhouse in her Mo’ Money podcast.

In this video from CBC The National, Christine Burak and Natalie Kalata report that Canadians are living longer healthier lives but they are having more difficulty saving for a longer period of retirement.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Feb 20: Best from the blogosphere

By Sheryl Smolkin

Get out the popcorn! It’s time for our selection of monthly personal finance videos.

First of all, if you don’t have a company pension plan for your employees, you need to know about the SPP business plan. Find out why the Sutherland Chiropractic Clinic set up SPP for their employees.

Globe and Mail personal finance columnist shares some great ideas for protecting yourself from online scammers.

In Save Your #@%* Money with these RRSP, TFSA, and RESP recipes Melissa Leong brings you an amusing look at the ingredients it takes to successfully save in these registered vehicles.

Preet Bannerjee explains how disability insurance works and why it is so important in this Money School blog.

And finally, if you have made financial mistakes along the way, it doesn’t mean you have irreparably ruined your financial future. Blogger Bridget Casey (Money After Graduation) makes a case for forgiving yourself for financial regrets.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Jan 23: Best from the blogosphere

By Sheryl Smolkin

Here we go with another series of video blogs that will help you to organize and manage your finances. Some of them are not recent, but they have definitely withstood the test of time.


In Budgeting Without Losing Your Mind, Young Guys Finance says budgeting doesn’t necessarily mean punishing yourself so you can’t spend any money. Instead he vues budgeting as an awareness tool that will help you to identify what you are spending money on and cut back on what you don’t really need.

Because Money, co-hosted by Financial Planner and opera singer Chris Enns, interviews Kyle Prevost from Young and Thrifty. Join them for a rousing trivia game that is impossible to win and find out how hard it really is to get financial literacy into the high school curriculum.

When you tune in to a Freckle Finance video for the first time, you will quickly understand why the presenter has adopted this unusual handle. In this episode she explains what a GIC is and how it compares to other investments.

At the end of the year, Rob Carrick from the Globe & Mail took a look at which financial institutions have the best deal on high interest savings accounts. However, be forewarned – it’s still slim pickings out there!

And finally, if you want to figure out how much you are really worth, tune in to How to calculate your net worth with Bridget Eastgaard from Money after graduation.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Nov 14: Best from the Blogosphere

By Sheryl Smolkin

First of all, I’d like to thank Tom Drake who blogs at canadianfinanceblog for starting the Facebook group Canadian Money Bloggers. Through this group I’m meeting lots of personal finance bloggers for the first time, who will make SPP’s weekly Best from the Blogosphere even more interesting.

Because the reaction to our October 17th blog with video clips was positive, it will now be a regular monthly feature. You will find the second in the series below.

Jessica Moorhouse has co-opted her normally shy and retiring husband Josh to co-star in a video in which they discuss why the decision not to combine all of their finances helps to maintain their marital bliss.

On Tea at Taxevity, Actuary Promod Sharma interviews guest Gary Hepworth, an Elder Planning Counsellor and Advocate about three main components of planning for aging: a housing plan, a financial plan and a healthcare plan.

Bridget Eastgaard from Money After Graduation  answers the question from a reader, Should I use a Line of Credit to pay off Credit Card Debt?

In Won’t more working seniors squeeze millennials out of the work force? Rob Carrick chats with Lisa Taylor, president of Challenge Factory, about why seniors who want to keep on working do not typically take jobs away from young people.

And finally, as part of his Money School series, Prem Bannerjee tackles the potential pitfalls when it comes to figuring out How to split a bill at a restaurant.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Oct 17: Best from the blogosphere

By Sheryl Smolkin

Building on the old adage that a picture is worth a thousand word, in this edition of Best from the Blogosphere we direct you to video channels and specific personal finance videos you may want to follow regularly.

First of all, keep an eye on the series of videos from Saskatchewan Pension Plan, and in particular this one, which clarifies issues raised in a recent quiz posted on savewithspp.com. Other video blogs discuss how to become a member of SPP, how to start a company plan with SPP and why fees matter to your investments.

Money School with Preet Bannerjee tackles a whole range of topics including Employer Matching Retirement Contributions. Are you leaving money on the table?

Only buying a house is a bigger financial commitment than buying a car. The message in this humorous Get Smarter About Money video blog is that you have to look at the cost of ownership from operating costs, insurance, maintenance and financing to understand the big picture.

The Globe and Mail’s Rob Carrick is featured in the “Carrick Talks Money” series of video blogs. If you can’t figure out whether or not your investment advisor is making money for you, take a look at Where can I find out how much I’ve made or lost since I opened my investment account?

And last but not least, Bridget Eastgaard from Money After Graduation discusses two ways to pay off debt in The Debt Avalanche vs The Debt Snowball. Find out which is the best approach for you!

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Oct 3: Best from the blogosphere

By Sheryl Smolkin

The leaves are turning and the weather is changing. As fall visits us briefly before the long cold winter sets in, it’s time to re-visit recent posts from some of our favourite personal finance writers.

On Boomer and Echo, Marie Engen offers 5 Ways To Stretch Your Retirement Dollars. My favourite is to sign up for senior discounts. In Calgary an annual transit pass for seniors is just $95. BC Ferries gives a 50% discount on passenger fares (Monday to Thursday, except holidays). Retailers such as Shoppers Drug Mart have senior discount days. A number of universities and colleges offer free tuition, at least for non-credit courses.

Sara Milton writes on Retire Happy about Financial warning signs: Are you prepared for the worst?. She says before financial disaster hits, there have  usually  been warning signs for some time. Just like on the dashboard of a car, an individual’s financial “check engine” light was lit up like a Christmas tree and, either he/she didn’t notice or  deliberately ignored it in the hope that it would somehow fix itself and switch off.

While investors may be reluctant to sell stocks because the sale will trigger tax inclusions, Pat McKeough reminds us on the Financial Independence Hub thatCapital gains tax is one of the lowest taxes you’ll ever pay. For example, if an investor purchases stock for $1,000 and then sells that stock for $2,000, they have a $1,000 capital gain. Investors pay Canadian capital gains tax on 50% of the capital gain amount. This means that if you earn $1,000 in capital gains, and you are in the highest tax bracket you will pay about $247.65 in Canadian capital gains tax on the $1,000 in gains.

For most young people in college or university student loans are a necessary evil. But they can become a tremendous burden after graduation. How I worked my way through university by Robin Taub on Forward Thinking profiles Corey Barss (age 25) who grew up in Brantford and attended Ryerson University. By saving money while he was in high school and working nearly full-time as a cook and server at the Ryerson campus pub while he was in university, he was able to graduate with only $30,000 in student loans. Even when he got a full-time job he continued work 12 hours/week at the pub in order to become debt free in three years.

And finally, the Globe and Mail’s Rob Carrick writes that one of the most important financial literacy lessons young people can learn is how to deal with banks. In Millennials, banks are not your friends his message to students is that banks aren’t your friend, and neither are they your enemy. They’re companies you do business with and that means you have to have to go in prepared to defend your own interests. He says students should look for ways to bank for nothing, and he gives  important factors to consider when evaluating student bank accounts.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Jul 25: Best from the Blogosphere

By Sheryl Smolkin

There’s lots of good reading in the blogosphere this week if you get tired of skimming romance novels on the beach or binging on your favourite Netflix series after dark. We’ve just started on the series Sherlock  and Spotlight and Trumbo are two great movies we saw from the comfort of our couch.

In other news, financial maven, television personality and blogger par excellence Gayle Vaz-Oxlade has retired at 57. While we will miss her valuable voice and sense of humour, it is encouraging to see has followed her own personal finance advice and can look forward to time for grandchildren and gardening.

Cheques started arriving in mailboxes across the country and Rob Carrick at the Globe and Mail says high-income families have reason not to like the new Canada Child Benefit, but it’s a win for most everyone else. Here’s how much the benefit will give you.

An interesting post on Canadian Budget binder explains How To Become Financially Secure So You Forget It’s Payday. While there is no magic formula, the checklist includes: start using a budget (no surprise); know where your money is going; understand your bills and how interest works; pay your bills on time and earn extra money if you can.

Cait Flanders sums up what she learned as a result of her two-year shopping ban in Two Years Without Shopping: What I Bought, Donated and Learned to Be True. She explains the rules for each year and details the few necessities she did buy. “For two years, I avoided all mindless and impulse spending decisions. But in a two-year period of time, I also learned you are bound to need some stuff – and that’s ok,” she says. “What I learned from tracking all my purchases this year is that there is a huge difference between talking yourself into thinking you need to buy something and actually needing to buy it.”

On the Financial Independence Hub, Kollin Lore says Millennials can learn from Boomers’ reinvention of retirement. Referring to Jonathan Chevreau’s new book Victory Lap, he says many millennials grew up during the recession and were set back earlier in their careers by student debt, so working past age 65 will be as much a necessity for them as for any other generation. Boomers can teach millennials how to stay motivated and take care of themselves in their senior years

And finally, on Retire Happy, Jim Yih asks: What are your family financial values? He and his wife are very open about money with their children but he suggests that because it’s easier to talk constructively about money from a unified front, a family financial value system might be useful. He shares a helpful series of questions that can help you create one under the headings: spending, debt, saving, income and money management.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Feb 1: Best from the blogosphere

By Sheryl Smolkin

In this space we typically provide links to interesting work by our favourite personal finance writers about topics ranging from money-saving tips to retirement savings to retirement lifestyle. But many of these prolific bloggers have also posted great videos on YouTube with helpful tips and tricks for people looking for ways to better manage their money.

So keeping in mind the old adage that “a picture can be worth a thousand words,” this week we identify a series of videos featuring pundits you already know well. While some of these videos are not new, they have stood the test of time.

Take a minute to watch at least a few of them, and let us know whether you would like to see more video content on savewithspp.com.

Sean Cooper is a pension administrator by day and a hard-working personal finance writer by night. Watch him burn the mortgage he paid off in 3 years and reveal his super saver secrets.

One of a kind blogs like How to get married for $239 by Kerry K. Taylor, aka Squawkfox have have been read by thousands of eager fans. In this video she discusses with the Globe and Mail’s Rob Carrick, How to stop wasting money.

In Life After Financial Independence as part of his Tea At Taxevity series, actuary Promod Sharma interviews author and former MoneySense editor Jonathan Chevreau about his post-retirement projects, including the Financial Independence Hub.

TV personality and personal finance guru Gail Vaz-Oxlade is interviewed on Toronto Speaks: Personal Finance about spending beyond your budget.

Studies suggest that 6 out of 10 Canadians do not have a retirement plan. Why is that number so high? Retire Happy’s Jim Yih shares a couple of theories about why it’s hard to plan for retirement.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Dec 28: Best from the blogosphere

By Sheryl Smolkin

This is the last Best from the Blogosphere for 2015 and I’m taking a break, so the next one will be published on January 25, 2016. We wish all savewithspp.com readers a healthy, prosperous New Year.

As we look back on 2015 and ahead to 2016, there is much to think about. We have a new Federal government, the loonie is at an all-time low and Canadians have extended extraordinary hospitality to Syrians and other refugees from war-torn lands.

Here are some interesting stories we are following:

In TFSA vs. RRSP: How are Canadians saving? I interviewed Krystal Yee (Gen X), Tom Drake (Gen Y) and Bonnie Flatt (Boomer) to find out how Canadians are taking advantage of the tax-sheltered savings vehicles available to them.

In What Sean Cooper Really Achieved By Paying Off His Mortgage In 3 Years Robb Engen from Boomer and Echo tells us that Sean Cooper didn’t just pay off his $255,000 mortgage in three years; he taught us all a lesson in personal branding. Mr. Cooper, a pension analyst by day, mild-mannered blogger by night, took an almost Machiavellian-like approach by achieving fame through mortgage freedom at age 30.

Jim Yee offers some Year End Finance Strategies that will take advantage of ongoing changes to our tax rules. For example, in 2016, the new Liberal government will be lowering the tax rate on the middle income bracket from 22% to 20.5% so those individuals making more than $45,283/year but less than $90,563/year, deferring income to next year might save some tax dollars.

On the Financial Independence Hub, Doug Dahmer writes about the timing of CPP benefits. He says the CPP benefit for a couple can be in excess of $700,000 over their lifetime and the study demonstrates that the difference between starting your benefit at the least beneficial date and starting at the best date can be more than $300,000.

And finally, Rob Carrick at the Globe and Mail offers some thoughts on how to prepare for a frugal retirement. Frugality is assumed to be a virtue in the world of personal finance writing, but on the outside, frugality is sometimes a synonym for cheap. He refers to a blogger on Frugalwoods who argues that making the choice to be frugal is about asserting your independent thinking about money.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.