Your Money

With the turn of the calendar signalling a fresh start, it’s the perfect time of year to take stock of your finances, update your goals and leave bad money habits behind.

Whether it came from a family member, social media influencer or certified professional, if you’re a millennial or gen Z who’s been burned by bad financial advice in the past year, you can take some solace in knowing you’re not alone.

As rent, mortgage payments, grocery bills and the cost of just about everything else rises, more and more Canadians are feeling the weight — not just on their budgets, but also on their mental well-being.

Danielle Cosentino used to give bags of unwanted clothes to her cousin every year. While her cousin loved the free stuff, Cosentino grew tired of buying so much and wearing so little.

OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.

TORONTO — For anyone facing spiralling debt and a falling credit rating, a debt relief consultant's picture-perfect solution could bring a glimmer of hope. But experts say if their promises seem too good to be true, they probably are.

When Cathy Olliffe-Webster's 90-year-old mother-in-law died suddenly last year, her family had to make the trek from Cold Lake, Alta., to Ontario in a hurry.

TORONTO — Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found.

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own.

The barrage of Black Friday advertisements might have many tempted to whip out their wallets, but experts caution against unnecessary discretionary purchases this year amid inflation and the skyrocketing cost of living.