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The 13 Best Personal Finance Blogs You Should be Following

by:
Laurie Campbell

What are your financial goals? Are you looking to pay down debt, or build up credit? Curious about investing, or more interested in saving? Or perhaps you’re just interested in ways to earn extra money. (Okay, that probably applies to all of us!) No matter what your goal is, there is a lot of information available online—so much so, in fact, that it can be overwhelming. So we’ve scoured the internet to bring you what some might consider to be the 13 best Canadian financial blogs. Some are informative, others are entertaining, and every single one is worth your time!

Give Me Back My Five Bucks

Since 2007, Give Me Back My Five Bucks has been chronicling Krystal Yee’s quest for financial independence. A self-proclaimed former shopaholic, Camosun College-grad Krystal found herself over $20,000 in debt and deeply in trouble. She managed to pay it off in just 12 months, all while creating an emergency fund, opening up an RRSP, and squirreling away money for a down payment on a condo. Today, she continues to share her personal financial stories, while tackling topics from the price of pet insurance to the cost of honeymooning.

Maple Money

Tom Drake wants to show you how to make, save, invest, and spend money—so there’s something for everyone here! As a financial analyst based out of Alberta, Tom started his site in 2009 to share what he calls his “money experiments.” Today, his topics cover the wide spectrum of money management, from starting a side gig (make!) and reducing utility usage (save!), to how to gain tax advantages (invest!) and using promo codes (spend!).

Squawkfox

Meet Kerry K. Taylor, a personal finance journalist who has been dishing out sound money management advice and skills via her blog and TV appearances over the span of her 10+ year career. Taylor offers a refreshing take on finances and money management, tackling topics like Bitcoin and even food waste. (She recently challenged her readers to cut down on food waste for a year to boost their savings by $1,500.) Why do we love her? Because she crunches numbers and does the math to show you exactly how much you could be saving, and how much the decisions you make every day are really costing you.

Canadian Couch Potato

Tired of overpriced, actively managed mutual funds? So is Dan Bortolotti. A portfolio manager and financial planner with PWL Capital in Toronto, Dan has also adopted what he calls a “Couch Potato Strategy” of investing, otherwise known as index or passive investing. It involves building a diversified, low-maintenance portfolio with minimal cost—and it’s ideal for those of us who are more interested in watching our latest Netflix obsession instead of the stock market. More of a listener? Head over to Dan’s Couch Potato podcast instead.

Savvy New Canadians

Meet Enock Omololu. He’s a self-described “new Canadian,” having immigrated to our country in 2011. Although he’s a veterinarian by profession, he’s very passionate about personal finances. (He received his Master’s Degree in Finance and Investment from the University of Aberdeen, Scotland.) His blog began as a way of chronicling his understanding of finance issues as they related to his new home in Canada. Now he covers everything from DIY investing to frugal living.

Cait Flanders

If you are serious about giving your savings a massive jump start and getting your financial house in order, look no further. Cait holds nothing back when it comes to saving, even taking a two-year hiatus from shopping. (You can do that?!) If you want save money, Cait takes it to the next level, and she'll show you exactly how you can do it, too. The best part is her blog is a real life example of how living a simpler, more budget-friendly life can actually add value and help you accomplish bigger goals that lead to greater happiness...because isn't that what all this budgeting stuff is really all about? 

How to Save Money

Stephen Weyman wants you to save money. He really does! Growing up with an Investment Advisor father, Stephen learned early on how to treat money responsibly—and he wants to share his secrets with you...for free. He’s done all the homework: He’s compared credit card fees and rewards programs, cable and internet providers, and much more. He also provides a plethora of “how-tos,” such as how to watch sports for less and how to stack grocery deals and coupons to get the best deal.

Young and Thrifty

They’re not yet millionaires, but Kyle Prevost and Justin Bouchard do consider themselves millennial money experts. (They also love to drink beer!) Kyle teaches high school business courses and Justin works at the University of Manitoba—and together they’re making money matters less boring and more easy for like-minded millennials. Did I mention they co-authored a book? Appropriately enough, it’s titled More Money for Beer and Textbooks.

Money We Have

Like travelling? Like money? So does Barry Choi. His blog is all about doing the things you love (like travelling) while still keeping up with your savings and financial goals. Whoever said you had to choose between enjoying your life and enjoying your financial independence? I'd go so far as to say they both go hand-in-hand, and Barry Choi agrees. His expertise includes personal finance, budgeting for travel, millennial money issues, credit cards, and trending destinations.

Retire Happy

Dedicated to “making retirement the best years of your life” Retire Happy focuses on delivering top-quality financial planning information. The site is chock-full of information. Author and Edmonton Examiner columnist, Jim Yih has been writing about finance since 1999, and everything he’s written is still available through his site. With so much information at your fingertips, Jim recommends making the search bar on his site your best friend to find just what you’re looking for!

Boomer & Echo

She’s a middle-aged banker who’s always struggled to make ends meet, but is now looking to retire early based on her own personal investment strategy. He’s a hard-working new dad who just turned 30 and is also working toward early retirement via smart investing. Meet mother-and-son team Marie and Robb Engen. Understanding that they each represent a different generation—Marie is a  Baby Boomer while Robb is of the Echo Boom generation, more commonly known as the Millennial generation—they each share their unique experiences and perspectives to teach one another a thing or two.

Million Dollar Journey

This blogger, who is known only as “Frugal Trader” or “FT,” began Million Dollar Journey in 2006 with just under $200,000 in the bank and one goal: To turn that $200K into—you guessed it—one million dollars by 2014. Congratulations are in order, because FT did it with time to spare. Now, you can read all about how FT did it with bi-yearly summaries encompassing the 8-year journey.

Financial Uproar

Nelson has one goal: To make you richer. With every post perfectly organized by year under the Binge Reading section, Nelson covers investing, real estate, RRSPs, and more, along with topics like credit card hacks and which frozen pizza provides the best value. All of it is written with an offbeat but highly-engaging sense of humour—where else will you find posts titled, "Frugality Sucks” or “Nobody Cares About Your Wedding”?

There you have it. While there are many more financial blogs out there, these are a few stand-outs. Search around online and you’re sure to find more, perhaps some even better suited to your particular financial situation. Of course, if you haven’t subscribed to Credit Canada’s blog, be sure to do so now! Happy reading!

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