According to Chelsea Fagan, founder of the Financial Diet, transportation is one of the biggest unseen costs in people’s lives. Americans on average spend about “9% to 25% of their monthly budget” on transportation. That’s a pretty large portion of one’s take home pay. 😮 The surprising thing is, most people can easily cut their transportation costs down by… Read More »
The Largest Name in Retail Continues to Grow Amazon.com (AMZN) recently announced it’s taking over the trendy supermarket chain, Whole Foods. At the beginning of this year I wrote an article which included a prediction that this would happen. Maybe Amazon’s CEO Jeff Bezos got the idea from reading my blog. 🙂 Whole Foods sells healthy, organic products.… Read More »
We’re Living Longer I don’t know how the term “aging gracefully” can be a compliment. To me it just sounds like a nicer way of saying you’re slowly looking worse. 😛 When the government pension (CPP) was first introduced in the 1960s, the average life expectancy was about 71 years old. The idea was that most workers would retire at around… Read More »
U.S. Unemployment Rate Drops to 4.3% U.S. job growth slowed in May, which suggests the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3%. The problem with the unemployment number is that it doesn’t account for people who are out of the workforce because they gave up trying to find a… Read More »
Dating can be expensive. All those dinners and movies can add up over time. According to a Match.com survey of 5,500 singles in the U.S., the average unmarried American spent about $1,600 on their dating life in 2016. That’s about $133 per month. When broken down by gender, men spent $150 per month on average, while women spent $120 per… Read More »
Some people are so debt averse they even refuse to borrow money when interest rates are at rock bottom. They save up for a 30% down payment for a home instead of 20% because they want to save on interest costs. This is despite the fact that Canadian mortgages only cost about 2.5% currently, or sometimes lower like in… Read More »