Rule of Thumb Challenge - MoneySense

Rule of Thumb Challenge

Shopping

How much to spend on a diamond engagement ring

by David Hodges

Save

The 10% saving rule doesn’t always apply

by David Hodges

Real Estate

How much to spend on a home in the city

Buying a house in a major city with 32% of your GDS is unrealistic.

Financial Planning

Life insurance: How much is enough?

We challenge the notion that you need five to seven times your gross annual income in life insurance.

We challenge the notion that you need five to seven times your gross annual income in life insurance.

Investing

What’s the best asset allocation for your age?

Conventional wisdom suggests the percentage of equities in a portfolio should equal 100 minus your age. We put that wisdom to the test.

Conventional wisdom suggests the percentage of equities in a portfolio should equal 100 minus your age. We put that wisdom to the test.

Save

Why you may not need an emergency fund

Paying down your mortgage could be better than stashing away cash.