11 of the best savings accounts Canada
The world of personal finance can feel overwhelming when you dive in – how do you know where to invest, which debts to pay off first or what you should do with your savings when everything feels so new? Fortunately, you can learn a lot – for free – by researching reputable sources online. Here are 10 Canadian personal finance and savings bloggers who know their stuff.
Desirae Odjick’s mission is to help millennials use their money to live the life they want. She demystifies all things money, from saving to spending, investing and even offering great advice on money management tools. Follow Desirae and soon you’ll be managing your money like a pro (even if you’re not one).
Must reads: How to avoid spending your savings and Manage your money like a pro – even if you’re “not” one.
Boomer & Echo
Robb Engen, a 38-year-old married father, founded the award-winning Boomer & Echo as his online side business. He also holds a full-time job and is a self-taught money expert who hopes to become financially independent by age 45. He uses this blog as a guidepost to keep himself accountable and also shares debt reduction strategies, budgeting basics, short-term savings goals, investing, retirement prep and more.
Must reads: 35 ways to save money and What are you doing with that tax refund?
How to Save Money
This list wouldn’t be complete without a blog actually named How to Save Money. Self-described money nerd and techie by trade Stephen Weyman targets his content to Canadians looking for ways to save money on the mundane costs of life so they can spend guilt-free on the things that matter most to them. His well-researched and detailed articles help you spend less and get more.
Must reads: Eating out at restaurants: The ultimate guide to spending less and The smart commute: How to make the most of your time and money.
Common Cents Mom
Mom Hollie Pollard’s mission is to share her journey of becoming a smart consumer who knows that cents matter. You’ll want to subscribe if you’re looking for common sense money tips, life hacks, smart shopping solutions and the joys of giving back. Her blog is one of the top 20 blogs in the GTA written by one person according to Alexa, and has been listed as one of the top 30 personal finance blogs in Canada.
Must reads: How to plan a staycation and How to make a profit at thrift store shopping.
Young and Thrifty
This leading personal finance website for millennials in Canada is a one-stop shop for financial tips and advice. It’s managed by Kyle Prevost and Justin Bouchard, two Canadian millennial money experts, entrepreneurs, and investors seeking to raise financial literacy among their peers. They tackle everything from easy budgeting to how to save money and credit card reviews. The site is one of the most popular personal finance websites in Canada and has been featured in several major media outlets.
Must reads: How to save money on your wedding and How to get more money back from your tax return.
Financial expert Nelson Smith has one goal: to educate the masses on personal finance while making them laugh. As someone who became financially independent by age 35 and achieving seven-figure net worth, he has spent thousands of hours studying personal finance, investing, and a plethora of other financial topics. His writing has been featured on several major media sites.
Must reads: Am I oversaving for retirement? and The power of ‘good enough’ financial planning.
Fabulously Broke in the City
Fabulously Broke in the City is written by a 20-something who got out of $60,000 of debt in 18 months, earning $65,000 (gross) annually. She’s “just a girl trying to find a balance between being shopaholic and a saver.”
Must reads: Easy ways to protect your personal finances from further economic contraction and From a financial perspective: 4 reasons why buying a new car is not the recommended route to take
Jessica Moorhouse is a millennial money expert, speaker, award-winning blogger and more whose passion is personal finance and living a balanced lifestyle. She’s on a mission to teach others how to take control of their lives by taking control of their money.
Must reads: How to prepare financially if you want to become an entrepreneur and It’s not how much you earn that’ll make you happy (trust me)
Earth and Money
Earth and Money is written by a self-described late 20s, card-carrying member of Generation Y living in Toronto who blogs anonymously under the name Earth and Money (sometimes using EaM as a moniker). Passionate about personal finance and our environment, he began blogging to battle the misconception that living an environmentally responsible life costs more money.
Must reads: A quick and simple guide to envelope budgeting and Saving on home insurance
Retire Happy publishes top quality, timeless financial information by various contributors that can make a lifetime difference if you’re looking to plan practically and make retirement the best years of your life.
Must reads: What is stopping you from financial success? and Ten ideas to happy and successful retirement.
Money We Have
Barry Choi is a personal finance and travel expert whose blog is one of Canada’s most trusted sources on money and travel. He combines is knowledge of finance with his passion for travel and encourages people to see the world. He shares practical tips everyone should know regardless of your budget.
Must reads: 5 ways to save for your child’s education and My wife and I saved 50% down payment and still travelled the world.