Canadians face financial pressure According to the data, Canadians remain under significant financial pressure, with a full 68% expressing concern about the cost of living. Almost a third…
Read more Financial paralysis and how to get moving againRecent 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 – 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? – 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 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 – MoneySense10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket and debt profile, Forward explains,…
Read more How long it takes to get your tax refund in Canada—and how to spend your refund – 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” – MoneySense3. Food prices will rise, but at a slower pace Compared to previous years, food prices should stabilize in 2024. However, keeping your kitchen stocked will still keep…
Read more 5 ways young Canadians can prepare financially for what awaits in 2024 – MoneySenseA budget can help you plan for expenses and provide insight into your spending habits, making it easier for you to achieve financial goals, such as building an…
Read more Your 2024 financial check-in: A step-by-step guide to keeping your finances on track – MoneySenseSome companies claim they can repair your credit and solve your debt problems quickly. However, you can only rebuild credit and there’s no quick fix to do so.…
Read more The risks of credit repair companies in Canada – MoneySense
