The Funnel of Financial Privilege

Privilege is a loaded word, and a concept that is still complicated and misunderstood by many. I won’t do it great justice here, but it’s something worth discussing when it comes to…
bad spending habits you need to break

21 Bad Spending Habits You Need To Break

None of us are perfect spenders! In fact, we probably all have a lot more in common than we’d think when it comes to our spending habits. Sometimes we need…
how to withdraw rrsp without paying tax

How to Withdraw From Your RRSP Without Paying Tax

The Registered Retirement Savings Plan (RRSP) is a tax-sheltered investment account for Canadians to save for retirement. However, there may be times in your life where you need to access…
make money online

23 Crazy Ways to Make Money Online

Many people are always on the look out for easy ways to make money online from home. Whether you need to replace your full-time income or you’re just looking to…
universal basic income

Universal Basic Income would solve all our problems

Universal Basic Income or UBI is an attractive political and economic idea that’s gaining popularity. Guaranteed basic income would provide means for people to meet their basic needs regardless of…
let my partner pay for dinner

3 Reasons Why My Partner Pays For Dinner

The topic of finances can be difficult to bring up with your partner. Depending on the stage of your relationship, the conversations you have about money will vary. Regardless, if…

How To Buy A House In Canada In 10 Steps

Buying a home can be an intimidating process. From hiring a real estate agent to seeking mortgage approval, there are many first-times and lessons learned along the way. Although it…

It’s Important To Be A Financial Ally

This post was written in collaboration with Daniella from I Like To Dabble. As members of the personal finance community, we are committed to constantly improving the inclusivity of our work.…
what is a GIC

What is a GIC?

A GIC is a useful financial tool that all Canadians should be aware of! GIC stands for Guaranteed Investment Certificate and it’s a type of investment that provides a higher…
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How To Write A Check

Writing a check (or for Canadians, cheque) might seem pretty intuitive. But a lot of people (or maybe it’s mostly us millennials and Gen Z’s) haven’t had much reason to…
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The Best ETFs in Canada for Young Investors

Exchange Traded Funds (ETFs) are the easiest way for investors to diversify and protect their portfolio. We’ve compiled a shortlist of the best ETFs in Canada for young investors looking…
cost of freezing eggs

How Much Does Freezing Eggs Cost?

More young women are opting to pay the cost to freeze their eggs in order to have more control over their fertility. But is it always a good investment? As…

What Is The Mortgage Stress Test?

A stress test asks you to envision a worst case scenario.⁣⁣ When it comes to your mortgage, this means considering what you could afford if your circumstances changed in the…
wealthsimple crypto

Wealthsimple Crypto is coming soon!

Wealthsimple is launching Wealthsimple Crypto, a trading platform for cryptocurrency, and now’s your chance to get on the waitlist! What is Wealthsimple Crypto? Wealthsimple Crypto is a new trading platform…
EQ joint accounts

EQ Bank Introduces Joint Accounts

Our favorite high-interest online bank is now offering joint accounts! EQ Bank joint accounts let you share the joy of EQ Bank’s incredible 1.70% everyday interest rate* on the EQ…
how to invest in stocks

How to Invest In Stocks

Investing in the stock market is the single surefire way to build lifetime financial security. You can invest in stocks and ETFs to grow your wealth and earn passive income.…
Tangerine Bank Review

Tangerine Bank Review: The Best Online Bank

Tangerine Bank is one of the best no-fee online banking options available to Canadians. They provide chequing & saving accounts, credit cards and more! If you’re looking for a no-fee…

How To Create A Budget

Budgeting is important for everyone’s finances! A lot of us shy away because we’re nervous to look that closely at our spending and saving habits. But when you know how…
dnating is part of personal finance

Donating Is Part Of Personal Finance

Personal finance has many facets. The personal finance community is great at acknowledging the basics, but some things slip through the cracks. I think charity and giving should be a…
how to pay off student loans

How to Pay Off Student Loans

For many people, their student loans will be the largest debt they ever carry, second only to a mortgage.  In Canada, the average university graduate finishes school with $26,000 of…
motherhood tax

The Impossible Price of the Motherhood Tax

Children are expensive. But what may surprise you is children are far and away more expensive for women than men. The “Motherhood Tax” is a term that describes the difference…
BLM Commitment

Our Commitment to BLM

Dear Money After Graduation readers, If you have been a fan of our financial advice for a while, you already know we make a sincere and concerted effort to uplift…
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How to Stop Giving Amazon Your Money

No corporation is more deserving of your rage than Amazon. With a long list of human rights violation and a soulless CEO, Amazon is the epitome of everything that is…
CERB extended 8 weeks

The CERB is Being Extended 8 Weeks

Justin Trudeau announced that the Canada Emergency Response Benefit (CERB) will be extended an additional 8 weeks for Canadians still in need of income support in the wake of COVID-19.…

The Financial Impact of My Sexual Assault

This is a post by Nikki Tighe. You can find her on Instagram @nikkitighe. I was sexually assaulted when I was 18. It took me awhile to come to terms…

Your Money is Yours

What would you guys say if, after paying all my bills, putting money towards my debt and the some aside for long-term, I spent the rest on marshmallows. Yes, marshmallows.…
CMHC is tightening lending standards

CMHC is tightening lending standards

The Canada Mortgage and Housing Corporation (CMHC) is planning to tighten lending rules beginning July 1, under the forecast of home prices across Canada declining 9% to 12% over the…
using your money the right way during pride month

Using Your Money The Right Way During Pride Month

This summer’s Pride festivities have been changed drastically because of the circumstances the world is facing. I was, of course, disappointed (but not surprised) to hear that Toronto’s Pride Festival…
how to save $10,000

How To Save $10,000

Here is a straightforward plan to help you save $10,000. Use it to boost your own savings and meet your financial goals! $10,000 is a perfect savings goal. It’s a beautiful number.…

Where To Donate To #BlackLivesMatter

Money After Graduation is anti-racist, and if it fits in your budget, we encourage you to use your money to help the protesters and Black Lives Matter groups. Here is…

How To Calculate Your Net Worth

Net worth is the simplest and most useful measure of your financial health. It’s a single number that reflects exactly where you stand. Over time, it tells you if you’re improving…

The Secret Life of the Payday Loan Borrower

Payday loans are the dirty little debt secret no one talks about, but as many as 2 million Canadians borrow these from these high-interest, short-term loans every year. What is…

Personal Finance Isn’t Just Personal

The following is a guest post by Moss Mint Teal, which explores the intersections of sustainability and personal finance while examining the impacts of systemic issues like discrimination on the…

Was my university education a waste?

I’m a highly educated individual. I hold both a Bachelor of Science and an MBA in Finance from two great schools in Canada. Tens of thousands of dollars of my…

The Truth About Millennial Debt

Paying off debt sucks. But being debt-free doesn’t. Student loan debt is what inspired the creation of Money After Graduation in the first place. I was drowning in over $20,000 of…

The Debt Avalanche vs. The Debt Snowball

When it comes to paying off debt, there are two popular strategies that are typically encouraged: The Debt Avalanche method or the Debt Snowball method. Both of these winter-themed strategies…
FabFitFun Summer 2020

FabFitFun Summer 2020 Box Value Breakdown

The FabFitFun Summer 2020 Box is being shipped next month! I went through the value of each of the customizations so you can check out the value of this season’s…
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The Best Books to Gift a New Grad

It’s that time of year again! Someone close to you is finishing school. Whether wrapping up an undergraduate, graduate, or professional degree (or even high school!), someone in your life…
unaffordable city

How to Afford to Live in an Unaffordable City

One of the biggest challenges facing millennials today is enjoying any semblance of a comfortable lifestyle while underemployed (or unemployed) and saddled with student loan debt. For all the crap…

It’s Ok to Fall Off The Wagon

I think one of the biggest lessons any human being has to learn is that it is important to forgive yourself. It is important to forgive yourself for failed attempts,…
Fabfitfun review

FabFitFun REVIEW: is it worth the money?

I promised myself I’d never write a FabFitFun review post and be a “FabFitFun girl” but here we are. I don’t want to be ashamed of the things I love,…
Canadians are still struggling to pay off debt

Canadians Are Still Drowning In Debt

It seems that the high amount of debt Canadians carry is still not being paid off. And with economic downturns, stock market losses, and an ongoing health crisis, can you…

How to Get Help Repaying Student Loans

Do you need help repaying student loans? There are plenty of options to help you tackle your debt, even when your income is limited or non-existent. Many of us are…

Financial Literacy Won’t Solve All Our Problems

The personal finance community is over-enthusiastic about financial literacy, and I get it. The more people know about money and financial services, the better equipped they are to manage their…

Why You Need An Emergency Fund of Stuff

Most financial gurus will suggest you build an Emergency Fund with enough cash to cover 3 to 6 months of essential expenses. I’m going to suggest you also start building…
credit card interest calculated

How is Credit Card Interest Calculated?

Since credit card debt has some of the highest interest rates out there, it’s important to know exactly what you owe. But before calculating your credit card interest, there are…
stock market crash

The Stock Market Crashed, Now What?

Last week, stocks tumbled a whopping 10% in a single day, bringing their total fall on Thursday to a terrifying 27% in the wake of Coronavirus. It rebounded slightly by…
coronavirus will impact your finances

8 Ways The Coronavirus Will Impact Your Finances

The coronavirus outbreak is on a surefire path to severe economic consequences. The effects of this issue are damaging to the global economy, and consequently affecting the personal finances of…
EQ Bank Review

EQ Bank Review: High Interest For The Savvy Saver

EQ Bank is an online bank offering highly competitive interest rates on saving accounts and GICs. The Savings Plus account currently boasts a 1.70%* everyday interest rate, plus no daily…
investing in cryptocurrency

Is Bitcoin a Good Investment?

Everyone is wondering is Bitcoin a good investment? Bitcoin has reached all new heights, attracting the interest of investors and non-investors alike. Many people are more interested in trying to…
don't give up

Don’t Give Up Until You Do The Math

In the time I’ve been doling out personal finance advice online, I’ve been called everything from privileged and out of touch, to colorful names I will not repeat. I know…
my eating disorder cost me $4000

My Eating Disorder Cost me $4,000 a Year

The beauty, wellness, and fashion industries are what I like to call a breeding ground for eating disorders and capitalistic takeover. Bear with my anger, I have strong feelings on…

Have a Frugal Period

Having a period is an expense we often don’t think about, but can really add up! Granted, it’s not that expensive to menstruate, but it’s still a cost that men…
are you and your partner financially compatible

Are You and Your Partner Financially Compatible?

Managing finances with your partner is an important aspect of your relationship. While the status and longevity of your relationship will surely affect how you approach this, talking about money…
how to pay off $10,000 of debt

How to Pay Off $10,000 of Debt This Year

When it comes to getting to debt-free, your journey is a marathon, not a sprint. No matter who much you owe, there are ways to optimize your debt repayment strategy…
screwing up TFSA

6 Ways Everyone is Screwing Up their TFSA

Using a Tax Free Savings Account can be one of the best choices for you financially. The TFSA allows you to earn tax-free investment income on the money you put…
how to build a balanced stock portfolio

How to Build A Balanced Stock Portfolio

Many people wonder how to build a balanced stock portfolio, but the process is easier than you think. Self-directed investing means managing your stock investment portfolio by yourself. You’re responsible…
toxic relationship

4 Ways Your Toxic Relationship is Costing You

Relationships can be costly. Whether they’re familial or romantic relationships or friendships, they can be toxic/unhealthy. And consequently, these relationships can cost you. While they may be costing you in…

5 Lessons Learned From Being Laid Off

I love being able to say I’ve never been fired. And I used to like saying I’ve never been laid off. Until now. I know layoffs are a reality for…
5 shortcuts to lifelong wealth

5 Shortcuts To Lifelong Wealth

When it comes to building lifelong wealth, slow and steady usually does. However, there are a few quick shortcuts you can take to amass your riches faster. One of the…
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How to Maximize Your Starbucks Rewards

If you’re fuelling a Starbucks addiction like me, you’re probably looking for the best way to get the most bang for your buck. Or at least Stars for your caffeine…

The TFSA Explained

The Tax-Free Savings Account annual contribution limit has been is $6,000 for 2020. Here is the 2020 TFSA Explained, so you can make the most of your money in the…

Amway is a pyramid scheme

Amway is a pyramid scheme, and I have lost a friend to prove it. I’m betting it’s more likely than not that someone you know has also gotten involved with…
make 2020 your richest year yet

How to Make 2020 Your Richest Year Yet

2020 is your year. YOUR YEAR! This is the year you finally take control of your finances, pay off more debt than ever, and increase your net worth by a…
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3 Tips to Help You Thrift

Thrift shopping has become the trendy activity of every social media star’s dreams. And rightfully so. I mean, why not buy more unique clothes at a much lower price? Seems…
year compass bullet journal

The Year Compass: Close 2019, Plan 2020

Ready to tackle major personal and financial goals in 2020? I’ve been doing The Year Compass for five (5!!) years, and it’s been life-changing. If you haven’t heard of it…
best of 2019

Here Are Our Most-Read Posts of 2019!

Happy Holidays & Merry Christmas! If you’re on vacation and looking to cozy up with a cup of coffee or cocoa and get financially inspired for 2020, we’ve got a…
immorality of billionaire

The Incredible Immorality of the Billionaire Class

There are over 2,000 billionaires in the world and every single one of them is richer than they deserve. Billionaires aren’t the super inspirational leaders of capitalism. They’re actually a…
therapyisfortherich

Therapy is For the Rich

Recently, I’ve been working through a list I made of things to do to better my mental health. I quit a job that was negatively affecting me, wrote letters to…
financial feminism

The Important Work of Financial Feminism

Financial feminism is the advocacy and action for gender equality in personal finance. This includes, but is not limited to earned income, debt loads, taxes, and wealth accumulation.  It has…

The Hidden Costs of Being LGBTQ+

There seems to be a rumor going around that being a same-sex couple means the both of you get to save a ton of money. However, the opposite is actually…

6 Ways to Budget on an Unpredictable Income

With the rise of the gig-economy, side-hustles, and part-time freelancers, there are more and more people living month-to-month on a wildly unpredictable income. Those of us who can’t predict how…
what is the stock market

What is the stock market?

While the stock market might seem intimidating at first glance, it’s surprisingly easy once you get started. In fact, if you’re not a day-trader, investing in the stock market can…
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4 Home Remedies to Heal Acne On A Budget

Skincare is no easy feat. Finding a routine that is right for you might take a while, and when doing so on a tight budget it might seem difficult. I…
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Best No-Fee Banking Options in Canada

When it comes to banking, Canadians have more options than ever. Why then are so many of us still paying bank fees? Many of us choose our financial institutions based…
How Does Maternity & Parental Leave Work in Canada?

How Does Maternity Leave Work in Canada?

Canada has one of the most generous maternity and parental leave programs in the developed world. But most people won’t ask “how does maternity leave work in Canada?” until they…
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10 Strategies to Max Out Your TFSA Every Year

The Tax-Free Savings Account (TFSA) has an annual maximum of $6,000 in 2019, and a lifetime maximum of as high as $63,500 depending on the year you were born.  How…

What is a LIRA (Locked-In Retirement Account)?

LIRA stands for Locked-In Retirement Account and is an account you open to transfer an employer pension to after you leave a job. LIRAs are becoming increasingly popular as people…
Tinder or Bumble Worth Paying For

Is Tinder or Bumble Worth Paying For?

They say you can’t put a price on love, but modern tech is trying. Virtually all dating apps are free to use, but they offer extra services if you opt-in…
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Best Robo-Advisors in Canada 2020

We have more choices than ever about where to invest our money. Here are the best robo-advisors in Canada so you can get started in the stock market.  Robo-advisors are…
cost of self care

The True Cost of Self-Care

Self-care drained my bank account. Well, what I thought was self-care did. The self-care industry has grown at a rapid pace in recent years. And witnessing its emergence has been…
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The Best Cash Back Credit Cards in Canada

A cash-back credit card is a great addition to your wallet because it lets you earn a few dollars on your regular spending while offering convenience, security, and building your…
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How I Became My City’s Cheapest Tour Guide

Recently, my best friend from Georgia booked a plane ticket to come visit me in Toronto this summer! She has never been to the city before, so when she booked…
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Tangerine Bank Recipes: Save More Than Ever

The Tangerine Bank Recipes are “rules” that Tangerine will apply to increase the amount of money you save through everyday purchases. Whether you want to round up purchases or save…
food on a budget

Improving My Relationship with Food on a Budget

The food-self relationship is almost never an easy one to understand. Though most people don’t realize it, approximately 1 million Canadians suffer from an eating disorder or disordered eating habits.…
credit unions

Credit Unions Meet You In Real Life

A credit union differs from a traditional bank in a few key ways that can really benefit you as a saver and borrower. If you want a more personalized banking…

The Canada Learning Bond Explained

Lower-income Canadian families using an RESP also have the option of maximizing their return through the Canada Learning Bond, or CLB. The CLB can provide up to $2,000 worth of…

3 Ways I Plan my Timetable to Save Money

Balancing school and work is a treacherous task. I want to do my best in school, but also need to save money for rent, bills, and school supplies, among many…

5 Simple Ways to Beat Debt Fatigue

Tackling debt is an exhausting and painful process that more and more of us have to face.  The debt problem in Canada is steadily on the rise, and our numbers…
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How to Afford Louis Vuitton

Wondering how to afford Louis Vuitton? If you can save 1% to 3% of your income in less than a year, you might be able to fit a designer handbag…

How to Ladder GICs

Laddering GICs is a great investment strategy to maximize your return and maintain the cash flow of your fixed-term investments.  I was checking my EQ Bank accounts to update my…
first time home buyer incentive

The First Time Home Buyer Incentive Explained

The First Time Home Buyer Incentive (HBI) was announced in June 2019 to help middle-class Canadians purchase their first home. The program provides up to 10% of a home’s value…
Wealthsimple Trade vs Questrade

Wealthsimple Trade vs Questrade

When it comes to choosing Wealthsimple Trade vs Questrade for your self-directed investing, there’s a lot to consider. From account type to investor preferences, the best fit is up to…
financially prepare for the climate crisis

How To Financially Prepare For The Climate Crisis

Researchers have concluded that human civilization will crumble by 2050 thanks to climate change. From the looks of it, we’re doomed so all financial preparation is for naught. However, before…
CDIC Deposit Insurance Corporation

CDIC Insurance: Keeping Your Savings Safe

The Canada Deposit Insurance Corporation (CDIC) protects deposits at member financial institutions in the event of their failure. CDIC covers your money, protecting your hard-earned savings. Best of all, it…
calculate your TFSA contribution limit

How to Calculate Your TFSA Contribution Limit

The Tax-Free Savings Account is one of the best investment vehicles available to Canadians, but only if they put it to good use! Here’s how to calculate your TFSA contribution…
cannabis

4 Ways to Fit Cannabis Into Your Budget

Why I buy cannabis Bridget and I have both talked before about the importance of including mental health in your budget. Cannabis, for me, is truly under that category. The…
million dollar tfsa

How to Build a $1 Million Dollar TFSA

Retirement might not be a top-of-mind concern for a 20- or 30-something, but these are your best years to save for future you. Thankfully, it’s ridiculously easy to create a…
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How to Hack Your Credit Score

A good credit score is part of good financial health! You can hack your credit score to make it the highest number possible to ensure you get the best interest…
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Should You Lease or Finance a Car?

Should you buy or lease a car? If you have to ask, you should probably buy. Leasing can make sense in some circumstances for some people, but for most, actually…
wealthsimple trade

2020 Wealthsimple Trade Review: Start investing for free

Wealthsimple Trade is a zero-commission, no-minimum brokerage account that lets you build a self-directed portfolio investing in the stock market. This is the perfect low-cost option for young investors or…
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Is Microblading Worth It?

If you follow me on Twitter and Instagram, you probably know I went through the ordeal that is microblading. This is an expensive semi-permanent cosmetic procedure. I wanted it for…
Questrade review

Questrade Review: Low-Cost DIY Investing

Questrade is an online discount brokerage where you can buy and sell financial securities on the stock market. They offer one of the most robust trading platforms at the lowest…
car emergency fund

The Importance of a Car Emergency Fund

A Car Emergency Fund is savings set aside specifically for any unexpected event related to owning a vehicle. Since it’s more likely than not owning a car will come with…
saving money on any budget

Saving Money in a TFSA and RRSP On Any Budget

It’s easier than you think to fit saving into any budget — if only because any amount of saving is worth doing even on the tightest of budgets! Many people…
choosing the right home & auto insurance

Choosing The Right Home & Auto Insurance

Choosing the right home & auto insurance doesn’t seem like something that would be easy, but now it is. In fact, you can even get your coverage online. Insurance is…
Tangerine Money Back Credit Card Review

2020 Tangerine Money-Back Credit Card Review

I’ve had the Tangerine Money-Back Credit Card for years and I love it! In this Tangerine credit card review, I’ll break down all the benefits of this card. The Tangerine…

The Cheapest Way to Eat Vegan

There are a ton of reasons that people are beginning to switch over to a vegan lifestyle, many of which aren’t often talked about. The general assumption is that people…
importance of grit

The Importance of Grit in Financial Success

What’s the difference between the fraction of people who end up wildly successful, and everyone else who falls short of their dreams? It’s not necessarily talent, skill, or luck. For…
mental health on a budget

How to Care for Mental Health On a Budget

Like many of us, I have struggled with mental health for most of my life. And unfortunately, it’s likely that this problem is bound to get worse. The Canadian Mental…
wealthsimple review

Wealthsimple Review: hassle-free investing

Wealthsimple is a robo-advisor that provides completely hands-off investing in the stock market. All you need to do is open an account, add some funds, and they’ll take care of…

How To Open a TFSA

The Tax-Free Savings Account (TFSA) is the best long-term savings vehicle available to Canadians, but less than 40% of eligible savers are making use of it. If you don’t have…

Self-Directed Investing vs. Robo-Advisor

When it comes to investing in the stock market, there are now more choices than ever. You do not have to go with the products are your primary bank, nor…
stock a home bar

How to Stock a Home Bar on a Budget

In retrospect, I think I could have saved a lot of money in my 20’s if I’d been more deliberate about stocking my liquor cabinet at home. Instead, I scoffed…

Saving to Survive the Unthinkable

The following is a guest post by my friend Chris (@yegct) on the importance of having an Emergency Fund for something you never want to need an Emergency Fund for. …
canada child benefit

The Canada Child (CCB) Benefit Explained

The Canada Child Benefit (CCB) is a monthly payment made by the Government of Canada to eligible families with children. Given the high costs of raising a child, this payment…
saving strategy needs GICs

Why Your Savings Strategy Needs GICs

This is a sponsored post written by me on behalf of EQ Bank. However, as always, all opinions are my own. Guaranteed Investment Certificates (GICs) are an awesome way to save…
how to save a down payment for a house

How to Save a Down payment For a House

When it comes to buying your first home, the first thing many people focus on is saving their downpayment. While this is not the largest financial burden of ownership, it…
debt snowflake

How to Use the Debt Snowflake Method

You’ve probably heard about the Debt Avalanche” or the “Debt Snowball”, but might be less familiar with the Debt Snowflake method. However, if you’re currently slugging away at paying down…

Frugal Finds to Make Breastfeeding Easier

Most people think breastfeeding is “free” or “frugal” . As a breastfeeding mother of an almost-9-month-old, I assure you, it’s not free. Not even close. What’s an even bigger shocker,…

The 5 Bank Accounts Everybody Needs

There are a minimum of 5 bank accounts everybody needs, but even more might be right for you. Between my business and personal accounts, I have financial relationships with seven…

5 Essential Saving Secrets & Money Hacks

When it comes to saving money, it’s easier said than done. Most people actually suck at saving, with most households only socking away a pitiful 4% of their income. We…

How to Hustle as a New Parent

I’ve been juggling motherhood and work for 4 months, and it’s only now that I feel I’m starting to get the hang of it. After finding myself unexpectedly pregnant in…

How I Ruined (& Fixed!) My Credit Score

As you may have already heard, I recently ruined my credit score. I was using Borrowell to monitor it for free, and after 3 months of it going down, I…

Should You Rent or Buy?

Should you rent or buy? It’s not an easy question to answer. I do the math on buy vs. rent for myself every year when my lease is up. I…

The gift you really wanted, on your budget

If you’ve ever bought or sold second-hand clothing, electronics, furniture, video games, toys, or anything else, you’ve participated in the second-hand economy. And you’re not alone! 82% of Canadians traded…

5 Ways To Make The Most of Your TFSA

The Tax-Free Savings Account (TFSA) is the best long-term wealth-building vehicle available to Canadians, but most people don’t see it that way. The Tax-Free Savings Account is one of the…

How to See Through Your Financial Blind Spots

Managing money can be intimidating. From the list of financial to-dos to the endless array of acronyms for different accounts, it can easily feel like there’s too much to know,…

The Key to Overcoming Financial Hardship

More likely than not, you will experience some form of financial hardship in your lifetime. Some of these will be minor challenges like a layoff or a series of missed…

Daycare is an Investment, Not an Expense

When it comes to raising a family, childcare costs are a huge expense that can start to rival your mortgage payments. With daycare costs as high as $2,000 per month…

How to Set Your Money On FIRE

The title of this post might lead you to think it’s about wasting your hard-earned dollars, but it’s actually about the opposite. FIRE is about ultra-frugality and a commitment to…
maternity leave

How to Fund Your Own Maternity Leave

Maternity leaves in the developed world vary in length and pay from nothing to 14 months at no pay to 100% covered. Canada offers one of the most generous government-sponsored…

Building Consistent Wealth on an Inconsistent Income

If you’re a contractor, freelancer, entrepreneur, or seasonal worker, one of your biggest challenges is likely consistently growing your net worth on an inconsistent income. The first challenge of living…

Debt is an Income Depressant

Do you make good money but feel broke? Chances are your debt obligations are what’s cramping your style. We tend to think of debt as it’s own entity and not…

How To Pay Yourself When Self-Employed

One of the hardest things to do is to pay yourself when self-employed. When starting a business, entrepreneurs are often tempted to reinvest everything into the company they are building…

Should You Invest If You Have Debt?

Should you invest if you have debt? The answer might surprise you. Many people are eager to get started in the stock market, but other financial obligations are holding them…

CDIC Deposit Protection For Your Child’s RESP

One of my first tasks as a new mom is setting up an account to save and invest for my daughter’s post-secondary education. When I attended university, I couldn’t afford…
The $20 Emergency Fund

The $20 Emergency Fund

You might think this is too good to be true, but I promise: this is the easiest hack to building a real Emergency Fund on a tight budget. You can…
ethical investing

What Exactly Is Ethical Investing?

Ethical investing, or socially responsible investing, means to put your money where you expect it to have both a positive financial and social or environmental impact. You can do this…

How to Save For a Baby

Many millennials want to become parents, but their finances are holding them back. The combined burden of student loan debt and sky-high housing prices make having a family seem like…

Your Top 5 Investing Questions Answered

Most millennials are not investing. In fact, as many as 80% of millennials are staying out of the stock market, citing both lack of funds and lack of understanding about…

Why You Should Invest in Index Funds

One of the easiest ways to get started investing is to invest in index funds. For most investors, a portfolio of index funds is more than enough to meet their…

Your Mental Health & Money

Money can be stressful, particularly if there’s not enough of it. Everything from debt to investment losses to not having enough saved for retirement can cause feelings of stress and…

4 Ways to Boost Your Savings by Spending Money

Oh, yeah, you read that right. There IS a way to put more money into your savings account even as you’re spending money. Most personal finance advice focuses on cutting…

How to Earn an Extra $5,000+ This Year

Believe it or not, you can earn an extra $5,000 (or more) with only a little bit of dedicated effort. All you need is a side hustle. I’ve always been…

Taking Charge of Your Investment Portfolio

I’m a huge fan of self-directed investing. Ever since I entered the stock market when I was 25, I’ve always managed my investment portfolio myself. Despite having no experience or…

How to Invest with ETFs

“ETF” is an often heard financial acronym that still isn’t well understood by many, but these are one of the best available investments to millennials to start building their long-term…

Letting Go of Financial Regrets

Since separating from my husband and dealing with the financial consequences thereof, I’ve been grappling a number of financial regrets. I wish we had waited another year to get married.…

9 Personal Finance Books To Read This Year

After my last post, How To Transform Your Finances in 12 Months, many of you were curious what personal finance books I’ll be reading in 2017. At the time I…

How To Transform Your Finances in 12 Months

I’ve said it before and I’ll say it again: financial strategies are better than financial plans. This is a mindset the focuses on developing good financial habits instead of worrying…

You Need To Do More Than Live Within Your Means

In our pro-debt culture, people are applauded for living within their means. Success stories appear every day that tell the same tale: “My money was all chaos, and then I created a…

Why We Need More Female Entrepreneurs

Next month marks 1 year since I left my full-time job as a consultant to early-stage start-ups to become self-employed. For the past 11 months I’ve worked full-time at Money…

The Rise of the Online Binary Options Scam

Spoiler alert: virtually all online binary options trading platforms are scams. As some of you already know, the design and content of Money After Graduation has recently been stolen and…

Overcoming Your Investing Fears

I’ve always been a self-directed investor. This means I’ve never relied on a someone else to manage my money, and instead took the initiative to learn the basics of the stock…

Real Millennial Homeowners Perspectives

As the Money After Graduation community starts to number in the thousands, I feel so privileged to be able to hear your stories and share them with others. One of…

The TFSA vs The RRSP

When it comes to saving, many young Canadians are confused about whether to put money into a TFSA vs RRSP. They can easily become overwhelmed by the complexity of both,…
why is investing important

Why Is Investing Important?

Why is investing important? It’s a good question. If you’re already trying to manage a budget and pay down debt, you might wonder why you have to add another financial…

Your Scarcity Mindset is Ruining Your Finances

Last year, I read Choose Yourself by James Altucher. It’s a wonderful book. He’s a bit nutty, but most of what he said reinforced my own nutty ideas about self-employment,…

The Future You Are Saving For Does Not Exist

When I read personal finance blogs and news sites across the web, I often come across articles with titles like, “Why I will not pay for my children’s college” written…

Achieving Financial Stability Through Entrepreneurship

Windsor, Ontario boasts one of the highest unemployment rates in Canada. This city — which is located directly across the Detroit River from Detroit, Michigan — has always been heavily dependent…

5 Easy Steps To Build Good Credit

How to build good credit is one of the questions I get asked all the time. I’ve been paying attention to my credit since I graduated with my Bachelor’s degree.…

8 Ways To Put More Money in Your Budget

My past few posts have been comprehensive socioeconomic personal finance essays, so I thought I’d give you guys a break with something more practical today! Hope you enjoy these 8…

How To Share Finances With Your Partner

Mixing love and money isn’t easy. Couples cite sharing finances is as one of the biggest stressors in a relationship — it even comes out ahead of addiction or emotional…

6 Things Alberta’s Recession Taught Me About Money

Until late 2013, Calgary was Canada’s economic powerhouse. High-paying work was everywhere, and very easy to get. The city was defined by high wages and exorbitant wealth. So high the top-fifth…

It Isn’t Cheaper To Live In The Suburbs

When it comes to first-time homebuyers, many millennials cite Canada’s overheated urban housing markets as the reason they’ve been forced to the suburbs. With the average house prices in virtually…

How To Create a Wealth-Building Budget

Over the years (so many years) that I’ve been writing on Money After Graduation, I’ve left many posts about money basics back in the archives. Which is too bad, because I…
ethical investing

How To Use Your Savings To Make a Difference

Ok, I know I’m super late to the game here but I just recently joined Kiva. A friend of mine recommended it, having been using it for years and having only…

Digging Up My Ugly Financial Past

If you follow me on Twitter, you may have caught me live-tweeting a Sunday night shred-fest of old documents. I’m pretty diligent at hanging on to things, particularly financial documents…

Your Gifting Circle is a Pyramid Scheme

A gifting circle is a pyramid scheme that is gaining a strong foothold in even the most anti-MLM circles. I was at a party last weekend where I learned about…

You Work Too Hard Not To Care

You work at least 40 hours per week, possibly more. You likely spend an additional 15 hours or more commuting. As a result, you probably work more than you do anything…

You Have A Debt Problem

If you have debt, you have a debt problem. Most people don’t believe this. They feel even if they have debt, so long as they are managing it appropriately, it’s…

Wake up, you need to make money

With my website tagline “get rich young” and my Twitter bio singing to the world that “I make millennials rich”, I probably look like I have a secret get-rich-quick scheme…

Why I’m Renting For Another Year

I have $75,000 in total savings and I want to invest it in a single stock. I feel so bullish about this stock, I’m going to take my money and use…

My Body Is The Most Expensive Thing I Own

I’ve recently been asked to write more about fitness, so here it is. At first glance, it might seem like this has little to with personal finance. Except for how…

Your Broke(n) Perspective From Advertising

One of the best things I ever did for my finances was give up fashion magazines. In my late teens and early 20’s, I regularly subscribed to or picked up…

Your Dark Financial Fears

What are people afraid of when it comes to money? That it will come between them and their partner. That the education it bought would lead to the income it…

Buying Into Our Personal Narrative

Why do you shop? What makes you purchase the things you do? Why do you like what you like or want what you want? Most of us make our purchases…

The Barstool Economics Parable is A Fairytale

I hate the Barstool Economics story. Hate.  For those of you that aren’t familiar with it, it’s a metaphorical tale meant to illustrate the “risks” of over-taxing the rich in…

Save Your TFSA, Use Your RRSP To Buy A House

The TFSA the best retirement savings vehicle available to Canadians of all ages. The catch is, of course, that Canadians start using their TFSA for retirement rather than weddings, cars,…

Why Decision Fatigue Is Leaving You Broke

With my final exams underway in the next few weeks and my MBA wrapping up for good, I’m in the mood to dig into big projects with gusto. One the…
should you invest or pay off debt

Should You Invest or Pay Off Debt?

The question of whether or not to invest or pay of debt can always lead to heated discussion with good arguments for both. At the end of the day, it’s…

Pay Your F#$%ing Debt

I want to talk about the notion of debt repayment reluctance that seems to be plaguing twenty-somethings (and thirty-somethings, if you’ve let it get that bad). This is a tough…
secrets to earning six-figures

The 5 Secrets To Earning Six Figures

Imagine earning six figures (if you don’t already). What would that amount do for you? Would it help you meet your goals? Would it ensure a comfortable retirement? Would it…

Are Millennials Being Talked Out Of Saving?

“It seems that an RRSP is basically the worst investment vehicle you can put your money into.” Those were my friend’s words as we were discussing the upcoming RRSP contribution…

Personalize Your Debt and Pay It Off Faster

Do you have a ridiculous amount of debt that doesn’t seem to be anything but a soul-crushing number you grudgingly throw a few hundred dollars at each month? I feel…

Weight Lifting Diet On A Budget

Being able to eat healthy on a budget is no small task, but being able to cobble together a weight lifting diet on a budget is another feat entirely. I’ve blogged…

What is Good Money?

What is good money? It’s a question I wonder often. I’m abnormally interested in income and wealth distribution. Who has how much? Where do they live? How did they get…

Easy Index Fund Investing

This is your guide to easy index fund investing, a way of maximizing return and minimizing risk when investing in the stock market. FYI: In order to create an ETF…

Should You Contribute To An RRSP or TFSA?

It’s not always easy to know if you should contribute to an RRSP or a TFSA, but there are some clear rules of thumb to follow. Which account you should…

Could you and your partner live on one salary?

One of the things my fiancé and I are considering doing once we tie the knot is switching to live on one salary. It might seem a little extreme, but the financial…

You Can’t Afford To Be Poor

Few things are more expensive than poverty itself. You can’t afford to be poor. This is one of my main motivators for growing my bank account as fast as possible. One…
just get the first 10000

Just get the first $10,000

When it comes to savings goals, getting the first $10,000 is key. It’s attainable but still large. Secure, but not quite comfortable. It shows progress, but not completeness. Saving your…
how to manage a joint chequing account

How To Manage A Joint Chequing Account

My boyfriend and I opened a joint chequing account the day we moved in together. It’s made managing our household finances a total breeze instead of a war zone, and…
how to negotiate your salary

How To Negotiate Your Salary

The ability to negotiate your salary is the most profitable career skill you can develop. It doesn’t actually matter how talented or educated you are if you can’t ask for…

The Price vs. Cost of Non-Necessities

I visit Starbucks almost daily during the work week, sometimes even twice per day. I almost always buy drip coffee and it comes to $2.47. I like everything about buying coffee.…
how to close a credit card

How to Close a Credit Card

I think many (most? all?) of us are probably a little over-exposed on credit. This means we have the opportunity to borrow more than we can afford and we’re targets…

How many hours did it take you to buy that?

Now that I’m working full-time at an hourly rate, it’s almost too easy to quantify purchases in time. This habit of calculating my spending in terms of hours worked has…

30 Financial Milestones You Need To Hit By Age 30

Below are 30 financial milestones you should strive to achieve by age 30. They cover everything from debt repayment to saving to negotiating your salary. I know how you guys love…

The High Cost of Healthy Eating

Many people cite the high cost of healthy eating as a reason they cannot eat right, but you should think of the groceries you buy as an investment in your health.…
the 80 20 rule of personal finance

The 80/20 Principle of Personal Finance

I’d heard of the Pareto Principle, or the 80/20 rule, before I’d read the book. Actually, I was painfully familiar with the other side of it undergrad, where I frequently…

Do you make a lot of money or do you just think you do?

“A lot” is a relative term, and not to be confused with “Alot” which is both a grammatical error and a mythical beast. You know who drew this! http://hyperboleandahalf.blogspot.ca/2010/04/alot-is-better-than-you-at-everything.html What…
creating a time budget spreadsheet

Creating a Time Budget Spreadsheet

Recently, I was questioning why I felt like I was running out of hours in the day even though I only have class 4 days per week, and mostly half…

How to build an investment portfolio with ETFs

Many readers are curious about how I’m managing my money, since so much has changed since I went from indebted undergrad to finance-savvy (maybe?) almost-MBA. A quick recap of my…

Finding a job with my MBA

The second term of my MBA ends in 3 months, at which point I will have crossed the halfway mark, completing 12 of the required 20 courses (with another mandatory…

WTFMBA?!?

For those that don’t know, I’m currently enrolled full-time in an MBA program. The most attentive readers of Money After Graduation probably saw this coming for ages, but I kept…

5 Steps To Increase Your Net Worth

Want to increase your net worth? There’s a few different ways to get there. Below I outline the steps that, if followed, will help you increase your net worth by…

Is $20,000 Canadian A Lot Of Money?

The title of this post is a Google search term someone used to find my blog. I thought it was a good question. $20,000 of cash is a pretty solid…
unfuck your finances

Unfuck Your Finances

I’ve been a fan of Unfuck Your Habitat for years. It provides excellent suggestions and motivations to keep your house in order, including posting a to-do list every day as…
quit your dream job

It’s Time To Quit Your Dream Job

Congratulations, college graduate, you made it to exactly where you wanted to get! Now it’s time to quit your dream job. Steady paycheques, prestige, a sense of fulfillment.. working your…

Frugal Fashion: just say no to Polyester

We’re in a fashion crisis: everything is made of polyester. And consequently, everything is awful. Polyester is a terrible fabric that has ruined fashion. Many designers and manufacturers have chosen…

How to make a budget you can live with

I’ve gotten a few emails these past few weeks about how to create a realistic budget. First I feel it necessary to point out that I’m not big on budgeting.…
women work wherever

Dear Women: Work Wherever You Want

When I read this entry on FabulouslyBroke.com, Should Women Work in Male-Dominated Jobs?, I tried not to get too hung up on the title. However, the rest of the post didn’t really…
are concerts only for rich people

Are concerts only for rich people?

Many of you probably don’t know this, but the front man of Maroon 5, Adam Levine, and I are soul mates. I understand he is presently dating his second or…
grad school scam

The Grad School Scam

Is grad school a scam? The cost of education continues to rise while wages and employment opportunities remain stagnant. Many twenty-somethings struggle to get a foothold in their career after completing…

A spouse is not an alternative income stream

I usually avoid voicing a strong opinion on controversial issues because I don’t want to offend anyone, but this one just gets under my skin so badly I can’t be…

How rich is Christian Grey from 50 Shades of Grey?

How rich is Christian Grey exactly? That’s a good question from a personal finance standpoint because his money appears to be both limitless and of suspicious origins. I’ve been wondering…
AMEX centurion black card

The American Express Centurion Card

The American Express Black Card, or The Centurion, is an ultra sexy credit card for an exclusive club of big spenders. The American Express Centurion Card, or “The Black Card”…
what should your net worth be at age 30

What should your net worth be at 30?

The title of this blog post is a search engine term that led to my blog. It’s a good question! And one I feel I should attempt to answer in…

Preparing for job interviews

I’ve been handing out resumes like crazy, but so far my only job interview has been for a new position within the company I currently work for. I spent a…

I am paid $26/hr to take the bus

This isn’t a joke, I make roughly $26/hr taking public transit. I’m not paid by the city or ETS or any green organization — I’m paid by myself, with the…
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