November has been designated as Financial Literacy Month (FLM) by the Financial Consumer Agency of Canada, a Federal Government body tasked with educating consumers about financial products and services. As part of FLM, Glenn Cooke of Life Insurance Canada organized a campaign by Canadian bloggers who published their best financial tips below in reverse alphabetical order. If I missed yours, let me know and I’ll glad to add it to the list.
- Spend Smart, especially in college (The View From Here).
- Take a sound framework to stock picking (Pat McKeough of The Successful Investor).
- Think Critically! (Timeless Finance).
- Save for retirement by paying yourself first (Sustainable Personal Finance).
- Don’t fall into the credit card trap (Solutions Financial).
- Don’t spend more money than you have (Self-Help Happiness Blog).
- Buy a basket of simple, low-cost ETFs (Sage Investors).
- Spend Wisely (Rewards Cards Canada).
- A five-pack of money tips (Retire Happy Blog).
- When buying a home don’t forget closing costs (ratehub.ca).
- Pay yourself first (My Own Advisor).
- Be connected to your finances (Money Smart Students).
- Take a long-term view of your finances (Money Smarts Blog)
- Be bad for the economy (MoneyMasterMom).
- Pay down credit card debt and stay out of it (Money Crashers).
- Don’t expect your financial advisor to steer you clear of market downturns (Michael James on Money).
- Maximize your TFSA (The Loonie Bin Blog).
- Why ‘how much’ should be your key insurance decision (Life Insurance Canada).
- Plan ahead to get ahead (HowToSaveMoney.ca).
- Shop for the cheapest drug dispensing fee (GroceryAlerts.ca)
- Understand your spending patterns (Freeat33).
- Budgeting is the key to financial success (Finance Fox).
- Avoid Mutual Funds (The Dividend Pig).
- Start investing now! (Dividend Ninja).
- A five-pack of ideas to get you started (A Dawn Journal).
- Pay off debt (Canadian Finance Blog).
- Keep your investment plan simple (Canadian Couch Potato).
- Buy a home you can comfortably afford (Canadian Capitalist).
- Budget! (Canadian Budget Binder).
- Track Your Spending With Quicken (Blunt Bean Counter).
- Make more money (Boomer & Echo).
- Get out of debt! (Blonde on a Budget).
- Just do it! (Balance Junkie).
- Avoid high-fee mutual funds. (Avrex Money)
And last, but not the least, Canadian Money Forum members shared their money tips here. There were a couple of interesting tips (such as this one) in there that normally one wouldn’t think of.
