Recent surveys show a growing number of Canadians carry holiday-related debt into the new year and feel more financial pressure because of it. In this article, we’ll explain…
Read more Holiday debt hangover: How to get your finances back on trackDebt collectors are obligated to follow specific rules about how they make contact and what information they can request; however, many Canadians aren’t sure where the line is…
Read more Debt collection in Canada: What collectors can and can’t do – MoneySensePlay around with our credit card interest calculator to calculate credit card interest and figure out how long it will take you to repay the debt. This tool…
Read more Credit card interest calculator – MoneySenseIn July 2025, Canada’s unemployment rate hovered around 6.9%, with youth unemployment reaching 14.6%. Two in five Canadians say they’re worried someone in their household could lose their…
Read more How to manage debt when you’re between jobs in Canada – MoneySenseMany Canadians have debt of different amounts and for many different reasons. Common types of debts can include car loans, credit card debt, lines of credit and personal…
Read more What is the best way to pay down debt? – MoneySenseBut it’s not all bad news behind the dire headline—and there is an opportunity to help young people, in particular, understand the difference between good debt and bad…
Read more Managing debt to build wealth – MoneySense1. Review your credit report for errors It’s important to review your credit report and score at least once a year, especially when you’re trying to improve it.…
Read more How to fix bad credit history in Canada: 3 steps to boost your score – MoneySenseHow to get a credit card in Canada Well, you apply. But make sure you’re applying for the right card and that you have a high chance of…
Read more How to build credit history in Canada – MoneySensePersonal loans vs. lines of credit With a personal loan, you borrow a single (fixed) amount of money from a bank or other lender. In return, you agree…
Read more Personal loan versus line of credit: Which should you choose? – MoneySense“We saw some rare (price) appreciation during the time that consumers were purchasing these high-priced cars,” Daniel Ross of Canadian Black Book said of the auto market during the pandemic years. Global…
Read more Driving underwater: Is your car worth less than what you’re paying for it? – MoneySenseSome BNPL providers report your payment history to credit bureaus, which can positively affect your credit score if you make the payments on time. In addition, many BNPL…
Read more Comparing buy now, pay later programs: Are installment plans a budget win or finance fail? – MoneySenseWhat was the biggest money lesson you learned as an adult? The understanding of how big a role your identity plays in your finances. Finance is deeply personal…
Read more Ellyce Fulmore is putting the personal back into personal finance – MoneySenseCollaborative post Personal finance is a hot topic, but it’s also one that a lot of people try to shy away from. The problem with this approach is…
Read more What people often forget about personal finance – Growing FamilyWhat is causing debt for Canadians? Matthew Fabian, director of financial services research at TransUnion Canada, said many household incomes are not keeping up with inflation and higher…
Read more Canadian consumer debt: How we’re paying for our credit cards – MoneySense“They may see a slight increase in their income, and they think, ‘Oh, I just kind of hit the lottery, and now I’m going to spend like crazy,’”…
Read more Why young people keep getting caught in debt traps and how to break the cycle – MoneySenseWhat was the biggest money lesson you learned as an adult? The biggest money lesson I’ve learned as an adult, I learned at Borrowell and through our members.…
Read more “My take on debt has changed over time”: Eva Wong on saving and investing – MoneySenseIf you’re struggling to make your minimum credit card payments, you’re not alone. Unexpected emergencies can sometimes leave us short on funds to make the minimum payment on…
Read more What happens if I don’t pay my credit card bills? – MoneySenseShould I get a joint credit card with my partner? While your partner’s credit score won’t directly impact your credit score, joint accounts or adding the other as…
Read more Couples and credit scores: How your partner’s credit can affect yours – MoneySenseTo close a credit card, the balance is $0. If there’s a substantial balance on the remaining cards, it’s going to increase the credit utilization ratio. And, if…
Read more What does opening or cancelling a credit card do to my credit score? – MoneySenseJordan Heath-Rawlings shares your frustration. In November 2023, he launched In This Economy?!, a podcast that helps Canadians tackle financial challenges. Described as “Your guide to understanding an…
Read more Money tips from Jordan Heath-Rawlings: “Make sure you can afford a sudden expense” – MoneySense
