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5 Things to Know Today — September 27, 2026

  Sunday, September 27, 2026  |  MoneySavings.ca A milestone in the Canada-US trade war hits at midnight, the Bank of Canada's rate decision is now a near-coin-flip, and Canada's economic pivot to China is showing real results. Here are the five things that matter for your wallet today. 01 OF 05 The US Alcohol Import Ban Takes Effect Tonight at Midnight At 12:01 a.m. Eastern tonight, the United States stops accepting new shipments of packaged Canadian beer, wine, cider, and spirits. The ban was signed by President Trump on September 8 under Section 338 of the Tariff Act of 1930, escalating the trade dispute beyond the 50% tariffs that took effect on August 22. Everything already on US store shelves stays there and can still be sold — the ban stops restocking, not consumption. Goods imported before tonight but not yet cleared through customs remain subject to the 50% duty rather than the ban. Bulk spirits shipped in containers over four litres are exempt; consumer-sized bo...
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The 30-30 Rule: A Simple Strategy to Boost Your Savings


Saving money can be challenging, especially when faced with tempting impulse purchases. The 30-30 Rule is a straightforward approach that helps you manage your finances more effectively. Let’s dive into the details.

What Is the 30-30 Rule?

The 30-30 Rule involves allocating your income into specific categories:

  1. Essential Expenses (30%): Allocate 30% of your after-tax income to cover necessities like groceries, transportation, utilities, and healthcare.
  2. Homeownership Expenses (30%): Set aside another 30% for homeownership costs, such as rent or mortgage payments.
  3. Financial Goals (30%): Use 30% of your income to build an emergency fund, contribute to long-term savings, pay off debts, or invest.
  4. Remaining 10%: The last 10% is flexible—use it for discretionary spending, entertainment, or other personal preferences.

How to Implement the Rule

  1. Calculate Your After-Tax Income: Start by determining your monthly income after taxes.
  2. Divide by 10: Allocate 30% to each of the three main categories (essential expenses, homeownership expenses, and financial goals). The remaining 10% is for discretionary spending.
  3. Automate Your Savings: Set up automatic transfers to separate accounts for each category. This ensures consistency and discipline.
  4. Review and Adjust: Regularly assess your spending and adjust as needed. If you consistently overspend in one area, consider reallocating funds.

Benefits of the 30-30 Rule

  • Simplicity: The rule is easy to understand and implement.
  • Balanced Approach: It ensures you cover essentials, invest in your future, and enjoy some flexibility.
  • Financial Discipline: By automating savings, you build good habits.

Remember, the 30-30 Rule isn’t rigid; adapt it to your unique situation. Whether you’re saving for a rainy day, a dream vacation, or retirement, this rule can help you stay on track. 

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