About Nick Steinberg

For many of us, travel is one of the most enjoyable and rewarding experiences in our lives. Unfortunately, unless you’re taking a staycation, it also tends to cost a lot of money. Between accommodations, airfare, meals, and other expenses, it’s no surprise that the average American spends $1,979 on summer vacations alone. Finding the right […]

A generation ago, renting was viewed largely as a temporary living situation on the road to home ownership. However, thanks to various economic and lifestyle factors, people in their 20s and 30s are now waiting longer to buy a home. Some are foregoing it altogether. In general, one of the advantages of renting is that […]

Although it’s been more than a decade since the 2008 financial crisis, consumer debt has continued to climb at a record pace. Consumers have always taken on some level of debt to meet their financial goals, such as purchasing a house or investing in education. Unfortunately, factors such as declining wages and job security have […]

Debt is a financial cancer and the truth is, many of us are carrying way too much of it. As of the second quarter of 2019, consumer debt totalled a record-setting $13.86 trillion. Since the 2008 financial crisis, Americans have been growing their debt in four key areas — home ($9.4 trillion), auto ($1.3 trillion, […]

Investing has traditionally been one of the biggest pain points in personal finance. Doing it yourself was generally ill-advised unless you had advanced knowledge of the financial sector. For everyone else, setting up a portfolio required hiring a financial advisor. That’s not only expensive, but naturally favored wealthier clients due to the way the revenue […]

Unless you’re a total Grinch, Christmas is a time of year many look forward to. Most of us get to spend time away from work (yes!), eat delicious food (yum!), and spend valuable time with family (yay?). Unfortunately, commercialization has added a lot of unneeded stress to this time of year. Celebrating Christmas (or other […]

If you’ve spent any time on the internet in the last few years, you’ve likely come across more than one story about how Millennials are ruining everything. They’re killing casual dining, they’re killing the beer industry, and diamonds too. They’re even killing mayonnaise. All because they’re spending way too much money on Starbucks lattes (among […]

When it comes to registered savings accounts in Canada, the two most popular options are RRSPs (Registered Retirement Savings Plan) and TFSAs (Tax-Free Savings Account). While both accounts are great options for saving money, they work in different ways. For young Canadians just starting out in personal finance, making sense of RRSPs and TFSAs can […]