I should add that I’m a bit surprised at how many people have told me they had housing savings in the stock market this year. Avoid having your hard-earned savings melted in a stock market crash.I wanted to follow up on your column about the financial challenges that students faced in 2012 to compared with 1984. Doesmillennials in 2012 to what I experienced as a university grad back in 1984
. Grocery inflation commonly comes in ahead of the broader inflation rate – no question, it’s costing more and more to buy food. As for saving more: Arrange for a preset amount to be automatically transferred electronically from your chequing account every payday into a high-rate savings account at an online bank paying 2 per cent or so. Saving is guaranteed this way. Start with an amount you can handle and then increase even a bit if things go well. All good online banks can help you set up these recurring transfers.