💸 EARN: Impress your interviewer by asking these ten questions.
🏦 SAVE: A list of 90 ways to save money from Hard Bacon (there might be a couple you haven't heard already).
📈 INVEST: The US Federal Reserve hikes interest rates 0.25 percentage points yesterday, and said more increases were coming—here’s what it means for you.
🛍️ SPEND: Looking to switch cell phone providers? Public Mobile has a few promotions, like the Lunar New Year plan with unlimited talk and text and 15G of data for $40.
Get out of my dreams and into my car—once I can afford one. Road warriors and Sunday drivers can agree that buying a car is more expensive and confusing than ever before.
There used to be a good guideline for gauging car affordability—20/4/10. You would put 20% down on a car, finance it over a four-year term, and the monthly payments wouldn’t eat up more than 10-to-15% of your take-home salary.
Why it’s happening: Getting behind the steering wheel of a new whip has always been pricey, but with production delays and long wait times for new cars driving used vehicle prices up, buying a car has a new set of financial hurdles.
Why it matters: For many Canadians, a car is a necessity, but the market has changed, and it’s easy for car payments to put your finances in a chokehold—but there are a few ways to make your monthly payments more manageable.
Bottom line: Buying a car is a deeply personal purchase and probably the biggest you’ll make outside of a home, so don’t rush into it. The market is weird right now, so if your 2005 Toyota Corolla still has some life in it, ride it out.
The next time you hit that late-night drive-thru, consider that the Big Mac has been used as an economic indicator since the 80s. Are you lovin’ it?
What is it: The Big Max Index is an economic measurement created by The Economist in 1986 that uses McDonald's iconic burger to measure purchasing power parity (PPP) in different countries.
Big Macs are the same no matter which set of golden arches you visit. That makes them a useful way to look at how much a local currency will buy, and compare the cost of living (in broad strokes) across many different places.
Yes, but: The Big Mac Index started as a gag to make "exchange-rate theory more digestible" it can help us understand how inflation has affected the price of goods across different nations’ economies.
🎢 If you didn’t get to take a final voyage on Splash Mountain, you can buy water from the Disney ride. A great gift for the Disney Adult who has everything?
🥔 Bubble potato pillows are elevated tater tots—here’s how to make them at home.
📵 How to stop the doom-scrolling and rein in your screentime.
🐻 Fintrac, Canada’s financial intelligence agency, is cracking down on wildlife traffickers through the banking system.