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Most Canadians are familiar with RRSPs and TFSAs, but there’s another registered vehicle for retirement savings that you may not know much about: locked in retirement accounts. What is a LIRA account and why would you have one? Here’s what you need to know. What is a LIRA? A locked in retirement account (LIRA) is…Read More
Shopping around for the best credit cards in Canada can be daunting. With so many options, it’s easy to get overwhelmed when making a decision. There’s a lot to consider including: How much are you willing to pay annually? What type of credit card are you looking for? Does the credit card offer a welcome…Read More
With tax season in full swing, it’s time to start thinking about getting organized and filing your income tax return. I’ve filed my income tax return online since I was a student in my early 20’s, and every year, I’m asked by family and friends about which income tax software to use. For me, the…Read More
Travelling to a foreign country gets expensive. You’ve got to pay for your airline tickets, hotel room, car rentals, food purchases, and not to mention, pricey tickets to local attractions. But even if you’ve done your research and correctly budgeted for all of these amounts, you’re bound to forget about a few extra charges. But…Read More
A key component of successful investing is understanding the “magic” of compound interest. Of course, there’s nothing magical about it: just a mathematical compound interest formula that determines how much — and how quickly — your money will grow. Here’s everything you need to know about compound interest, as well as how to use a…Read More
Get 2.75% interest on your savings account with Tangerine.
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Young and Thrifty has been named the Best Personal Finance Blog in Canada by our peers and we pride ourselves on breaking down confusing jargon into fun, bite-sized chunks. Young and Thrifty posts are basically what should have learned in high school - but didn’t! We have everything from tips on budgeting, to online banking hacks, discount brokerage reviews, and the Ultimate Guide to Canada’s Robo Advisors.
We have painstakingly created 1,000+ on all aspects of Canadian personal finance. Rather than rest on our laurels, we challenge ourselves to produce stay on top of new developments in Canada’s financial world from mortgage rates, to insurance policies, tax savings through new deductions, and investing strategies.
We focus on providing readers with actionable steps. Rather than simply writing “try a robo advisor”, we’ll instead provide full-product reviews on top robo advisors such as Wealthsimple, Nest Wealth, Justwealth, and ModernAdvisor. We also reveal the exact financial products that we use in areas such as online banking, discount brokerages, credit cards, and mortgage comparisons.