Dollarwise

Dollarwise Dollarwise is the go-to resource for personal finance in Canada. We exist so that you can make the most of your money! Let us help!

Dollarwise.ca is the go-to resource for financial education in Canada. Don't know what credit card or mortgage to get?

07/31/2024

Share your best money tips in the comments to help another Canadian! 🙏

07/30/2024

Two fancy cars ($750+ payment EACH) parked outside a house (mortgaged) isn't the goal!

People who keep up that habit usually stay in the same financial spot. But if you stop spending money to look wealthier than you are, you'll actually have the money to become wealthier!

You're borrowing from your future happiness... and the interest rate is HIGH!

It's all about making smart choices that set you up for the future. 😊🚗

07/29/2024

Food is one of the easiest areas to overspend in your budget. If you can get a handle on it each month, your entire budget can improve.

For those of you who have trimmed down your grocery costs, what's your favorite money-saving tip? Share in the comments! 🙏💵

Making the monthly payments doesn't mean you can afford it!
07/28/2024

Making the monthly payments doesn't mean you can afford it!

07/26/2024

Renting is NOT throwing money away.

It's buying you the time to prepare for homeownership.

Just because your mortgage payment might be less than your rent, doesn’t mean it’s the right time to buy. Homeownership comes with many more expenses beyond the monthly payment.

Believe me, being "house poor" is not something you want. Until you're truly ready to buy, renting is a smart and sensible choice.

07/25/2024

Not enough Canadians invest in themselves.

Grow your skills, grow your wealth.

07/24/2024

$150 a month invested from age 25 to 65 generated $1,000,000, based on the last 40-years of data.

It's never too late to plan for your financial future.

07/23/2024

YOU have the power to break the cycle of financial missteps and turn your family's financial future around.

07/22/2024

When was the last time you got a quote for new insurance?

Don't just renew with your provider. Shop around and save!

07/21/2024

Canadians waste a lot of money on the WRONG credit cards.

If you're in credit card debt, switching to a balance transfer card with a lower interest rate can save you a huge amount of money.

If you spend a lot and pay off your balance each month, choosing a card that earns you more rewards can mean hundreds of dollars extra each year.

Don't just assume the card from your bank is the best option for you!

07/20/2024

What you see online is NOT reality. The top 10 car brands driven by millionaires are:
1. Toyota
2. Honda
3. Ford
4. Lexus
5. Subaru
6. BMW
7. Acura
8. Hyundai
9. Lincoln
10. Buick

Follow our page!

07/19/2024

📈🔍 Invest and save as YOUNG as possible!

If you invest $200/month starting at age 25 with an average annual return of 6%, you'll have around $400,000 by age 65.

If you start at age 35, you'll have around $200,000 by age 65.

Start investing now, and let time do the work for you. Tag someone who needs to see this! 🕰️💸

07/18/2024

How were YOU able to improve your finances? Share your advice in the comments and help other Canadians! 🙏💵

07/17/2024

🛒💰 5 Tips to Slash Your Monthly Grocery Bill!

1. Plan Your Meals: Create a weekly meal plan and make a shopping list based on it. Stick to the list!

2. Buy in Bulk: Purchase non-perishable items in bulk to save money over time.

3. Use Coupons and Apps: Take advantage of coupons and cashback apps for additional savings.

4. Shop Seasonal: Buy fruits and vegetables that are in season for the best prices.

5. Avoid Impulse Buys: Eat before shopping to avoid buying unnecessary items.

Save more every month and share your favorite grocery saving tips in the comments! 🍎🛍️

07/16/2024

You can’t get out of debt without CHANGING the lifestyle that got you there.

That's the truth. It sucks and a lot of people don't want to face that reality - but burying your head in the sand and ignoring that truth will leave you in a worse situation!

07/15/2024

How to Create a Simple Budget in 4 Easy Steps:
Step 1: Note down your total income for the next month.
Step 2: Record all your expenses.
Step 3: Subtract your expenses from your income. Aim for a balance of zero.
Step 4: Monitor your spending as the month progresses.

07/14/2024

Taylor Swift spending $100k flying private is kind of like the average person in Canada buying a $2 coffee every day.

Comparing yourself to celebrities is extremely bad for your mental health.

Becoming financially comfortable is within reach if you have the discipline to follow a plan and allow time for compound interest to work its magic.

You can set yourself up for an incredible life, and help your children and grandchildren too. But comparing yourself to what you see online is more likely to drive you to over spend and harm your own finances. Focus on the people in your life that actually matter!

07/12/2024

It's Friday night! 🍺🥂🍾

If you're trying to get out of debt, the only time you should be inside a bar is if you're on the clock.

I appreciate a well-made cocktail and have no issue with the bar scene. The problem is, many people are struggling to pay their bills or save for the future because they're constantly out drinking.

Most people don’t realize how much money they waste by grabbing drinks after work or hitting the bars "every now and then."

I want people to enjoy life, and socializing at a bar can be a great way to do that. Just make sure it doesn't happen when you're financially strapped.

If you want to drink with your friends, it's a LOT cheaper to do it at home.

Address

6D/7398 Yonge Street Unit #2014
Concord, ON
L4J8J2

Website

Alerts

Be the first to know and let us send you an email when Dollarwise posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Dollarwise:

Videos

You can’t get out of debt without CHANGING the lifestyle that got you there. That's the truth. It sucks and a lot of people don't want to face that reality - but burying your head in the sand and ignoring that truth will leave you in a worse situation!

Small changes, big results.

You enjoy vacations MORE when you know that you can afford them! Too many Canadians are going into debt to go on vacation. Don't do it!

You MUST budget! It's the easiest and biggest impact on your finances.

Shortcuts

Share

Category