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Dollarwise Dollarwise is the go-to resource for personal finance in Canada. We exist so that you can make the most of your money! Let us help!

Dollarwise.ca is the go-to resource for financial education in Canada. Don't know what credit card or mortgage to get?

07/31/2024

Share your best money tips in the comments to help another Canadian! πŸ™

07/30/2024

Two fancy cars ($750+ payment EACH) parked outside a house (mortgaged) isn't the goal!

People who keep up that habit usually stay in the same financial spot. But if you stop spending money to look wealthier than you are, you'll actually have the money to become wealthier!

You're borrowing from your future happiness... and the interest rate is HIGH!

It's all about making smart choices that set you up for the future. πŸ˜ŠπŸš—

07/29/2024

Food is one of the easiest areas to overspend in your budget. If you can get a handle on it each month, your entire budget can improve.

For those of you who have trimmed down your grocery costs, what's your favorite money-saving tip? Share in the comments! πŸ™πŸ’΅

Making the monthly payments doesn't mean you can afford it!
07/28/2024

Making the monthly payments doesn't mean you can afford it!

07/26/2024

Renting is NOT throwing money away.

It's buying you the time to prepare for homeownership.

Just because your mortgage payment might be less than your rent, doesn’t mean it’s the right time to buy. Homeownership comes with many more expenses beyond the monthly payment.

Believe me, being "house poor" is not something you want. Until you're truly ready to buy, renting is a smart and sensible choice.

07/25/2024

Not enough Canadians invest in themselves.

Grow your skills, grow your wealth.

07/24/2024

$150 a month invested from age 25 to 65 generated $1,000,000, based on the last 40-years of data.

It's never too late to plan for your financial future.

07/23/2024

YOU have the power to break the cycle of financial missteps and turn your family's financial future around.

07/22/2024

When was the last time you got a quote for new insurance?

Don't just renew with your provider. Shop around and save!

07/21/2024

Canadians waste a lot of money on the WRONG credit cards.

If you're in credit card debt, switching to a balance transfer card with a lower interest rate can save you a huge amount of money.

If you spend a lot and pay off your balance each month, choosing a card that earns you more rewards can mean hundreds of dollars extra each year.

Don't just assume the card from your bank is the best option for you!

07/20/2024

What you see online is NOT reality. The top 10 car brands driven by millionaires are:
1. Toyota
2. Honda
3. Ford
4. Lexus
5. Subaru
6. BMW
7. Acura
8. Hyundai
9. Lincoln
10. Buick

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