Tag: money

Cryptocurrency for beginners

Everywhere, people seem to be talking about cryptocurrency. Money has transformed from physical coins and bills in a piggy bank to numbers in a database. Now, to make matters more complicated, the world has moved on to cryptocurrency. The basics of crypto can be broken down to be easy to understand....

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How to take control of your finances

With minimal education about financial literacy in high schools and universities, many students don’t know where to begin when learning to navigate their finances as young adults. I’ve assembled a few tips to get you started on managing your finances responsibly and learning about financial...

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Not every hobby needs to be a side hustle

Since the start of the pandemic, many have had more flexibility built into their schedules to pursue new or existing interests. Indoor activities like cooking, crocheting, and coding became popular. On Instagram, there’s been an influx of new secondary accounts describing themselves as home bakeries...

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How COVID-19 reshaped my student finances

In the middle of March, I lost three jobs in the span of 24 hours. One moment I was employed and living comfortably, hanging out with my friends near St.Patrick’s day—in the next, I was living through one of the most bizarre events I could’ve ever thought possible, my world uprooted.    I know that...

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How does a centrally-planned economy work?

The United States and the Soviet Union differed on many things during the Cold War, and one of them was food. At face value, food might seem much more trivial than the global fear of mutually assured destruction at the time. However, it proves an important symbol for one of the key struggles in this...

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The popularity of ‘sugaring’ is bittersweet

There’s nothing wrong with the practice of ‘sugaring,’ provided it’s consensual. But no one should feel pressured to put a price on their company—especially not students who are trying to make ends meet.   The Western Gazette reported that the number of sugar babies—people who engage in relationships...

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The Lazy Economist: The beautiful, bountiful world of bonds

If you aren’t familiar with investing, but want to save a few hundred dollars for a post-grad trip, a future shopping spree, or that scary thing people call “the future,” bonds are a great thing to know about. In short, bonds are a vehicle for saving. They are sold by governments and corporations...

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The Lazy Economist: Explaining the Dow

When reporting on the economy, news sources will refer to something called “The Dow,” a term that’s used often but rarely explained. The Dow is short for the Dow Jones Industrial Average, a number which indicates how well the American stock market is doing. It’s based on the stock prices of 30 key...

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The Lazy Economist: Carbon tax versus cap and trade

It’s hard to look at the news and miss the discussion on carbon pricing. Whether it’s complaints about Justin Trudeau killing jobs with his carbon taxes, or warnings about how the Canadian government is nowhere near to its Paris Climate Accord commitments, people have a lot of opinions on how governments...

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The Lazy Economist: How do banks really make money?

Even though I study economics, I didn’t fully understand how banks made money until I came across the explanation in my Macroeconomics textbook last year. It’s a misunderstood but important force to understand.  When you hear something like “the government is raising the interest rate,” the effects...

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A guide to investing for students

Between balancing classes, assignments, relationships and taking care of yourself, the last stress you need university is worrying about your finances. While it may seem intimidating, the best time to educate yourself on how to save your money is now.  Every dollar invested now will go further and...

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Johnny’s introduction to the stock market

Johnny has some extra money lying around. He’s been pondering the idea of putting it into the stock market and having his own money work for him, but Johnny’s not sure how to go about doing that. He’s heard of investing being compared to gambling — is it a good idea? Luckily for Johnny, he’s stumbled...

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Business Basics: Credit Cards

Who doesn’t feel like a high roller with their own plastic?  Credit cards are convenient and have many uses, like online purchasing and establishing a reliable credit history. However, like Uncle Ben said to Peter Parker, “with great power, comes great responsibility,” and while a credit card might...

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Business Basics: TFSAs

Don’t let the acronym’s lack of sexiness deter you from a savings plan your future self will thank you for. If there’s one thing everyone hates, it’s taxes. They’re ubiquitous, constantly eating away at your hard-earned income and involve a lot of headache-inducing paperwork. But there’s ways to pay...

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Banking on a new bill

According to Queen’s professor Jonathan Rose, a new face on Canadian bills may also change the way the Bank of Canada makes decisions.  Rose, an associate professor in Political Studies, has recently been selected to guide public consultation as the Bank of Canada selects a woman to feature on a new...

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What the Canadian dollar means for university students

If you’ve noticed your grocery bill creeping upwards lately, you’re not imagining things.  This year, the Canadian dollar has depreciated by nearly 20 per cent, the lowest it’s been since Finding Nemo was still in theatres and Beyoncé’s “Crazy in Love” topped the charts.  Interpreting the foreign...

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A how-to on budgeting for the starving student

With a reputation for having an affluent student body, it may seem like you’re the only one at Queen’s trying to live within a budget. Fear not. Here are some simple ways to save those hard-earned dollars and keep your budget in check. Tuition This is the single most important part of your student...

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It's all about the money

Hi, my name is Chloe, and I’m a shopaholic. Despite my parents’ best efforts and a financial literacy test I took in grade 12, I could be much better at managing my money. It’s not that I don’t know how. I’ve successfully operated my life on a budget before. But it took coming to the brink of financial...

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Class clings to campus life

On Nov. 7, the Yale Daily News published a feature on socioeconomic class and campus life. The article stated that the “social gulf between students from low-income families and Yale’s predominately upper-middle-class culture is wide”. While class divisions are less strict at Queen’s than at Yale,...

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