Home Economics: Preparing for a potential recession; Pitfalls of banking on your home for retirement

Home Economics newsletter: The impact of a 15 per cent fall in housing prices, why you might want to "recession-proof" your portfolio, and how one start-up is changing the game for driver's ed

Potential trouble ahead for those banking on their home to fund their retirement

Speaking of declining home prices -- that could spell trouble for homeowners banking on their property to help finance their retirement, writes personal finance columnist Dale Jackson. While it shouldn’t be a surprise that home prices can move in either direction, Jackson says it’s a reminder that a broader and well-diversified investment portfolio is key to ensuring you have a robust retirement fund.Preparing your finances for a potential recession

While there’s still a debate on whether or not Canada is heading towards a recession, it won’t hurt to start “recession-proofing” your finances now, especially for younger Canadians. Experts tell the Canadian Press that could include broadening your career skillset, reconsider spending habits that hurt your bank account and assess your abilities before you jump into stock investing. New startup changes the game for driver's ed