Top Canadian Personal Finance Blogs For Students And Recent Grads


As students and new graduates make the transition from living at home to living on their own, one of the most important things they need to learn about is how to manage their finances.

When I started thinking about taking control of my finances and becoming more independent financially, all the information I got from newspapers and my local bank was overwhelming!

Luckily, these finance blogs are here to help students learn how to use their money successfully and save for a smart future.

“I’ve been fired from a job before (twice, actually), yet I’ve managed to bounce back stronger than ever.” —Krystal Yee, personal finance blogger

Give Me Back My Five Bucks!

A quest for financial independence through the eyes of a 20-something blogger

Krystal Yee, from Vancouver, started her blog four years ago with a simple idea: to hold herself accountable for her actions by publicly announcing her progress towards a goal of becoming debt-free and creating financial independence.

What makes this blog unique

Krystal’s experience has appealed to a wide variety of readers and the constant interactions and dialogues with her readers makes her blog personable. She says she thinks she can connect to a broad reader base because she “was once up to my eyeballs in debt, dodging collection agencies and wondering how I was going to get myself out of the mess I created. I’m also a former shopaholic who eliminated over $20,000 worth of debt in 12 months, so I also know what it means to sacrifice and live on a strict budget. I’ve been fired from a job before (twice, actually), yet I’ve managed to bounce back stronger than ever.”

Best piece of financial advice

Save for tomorrow, today. The easiest time to save is now. “When you are young, you don’t have children to feed or a mortgage to worry about, which means you have more time on your hands and more discretionary money available. This money is negotiable – from your Internet and cable bill, to the apartment you rent. Working a little harder when you’re young and able will mean you won’t have to work as hard when you’re older.”


Million Dollar Journey

Building wealth through saving and investing

This 31 year old engineer and father based in St. John’s, Newfoundland, started investing in mutual funds when he was 16 and recently started blogging to help keep him accountable towards his financial goals: obtaining a net worth of one million dollars by the age of 35.

What makes this blog unique

This blogger keeps his finances as an “open book” on this blog with clearly defined goals, and this is also the reason he remains anonymous. You can keep track of his progress and learn about his saving tips. He has been publishing his annual “net worth” since 2006 and is closely approaching his goal of one million net worth. You should also check out his articles for advice on wise saving and the strategies he used to reach his goal.

Best piece of financial advice

“Make more than you spend.  It’s similar to the common ‘spend less than you earn’ motto but with a twist that can help encourage capitalism instead of constantly looking for ways to cut back.  Once positive cash flow is established, I usually suggest paying off debt before investing.”


Young and Thrifty

Understanding the financial world from a Gen Y perspective

This blogger from Vancouver made a new year’s resolution in 2009 to start a blog about deconstructing the financial world from a Gen Y perspective. After a few months of procrastinating, she started her blog to share her views on money and savings – things that her friends were tired of hearing about!

What makes this blog unique

This blog is great for a Gen Y student who doesn’t have much financial knowledge and wants an easy way to start learning. It mixes financial information and how-to articles on topics that every student should be educated about (such as RRSPs, TFSAs, smart investments) with ways to cut back in everyday life (like filling up gas in the evenings when it’s often cheaper) and tips on how to travel economically.

Best piece of financial advice

Make payments to yourself before you invest.


Fabulously Broke

A girl trying to find a balance between a shopaholic and a saver

Serena started her blog in late 2006 after finding herself $60,000 in debt because of her shopaholic tendencies. She decided to make a commitment to reduce her debt and blog about controlling her spending.

What makes this blog unique

You can make your own budget with the FB budgeting tool that she used to get herself out of debt in just 18 months. Serena is also not an “extremist” blogger and instead encourages her readers to balance spending and saving. She calls herself a “self-proclaimed moneythropologist” who enjoys studying the way people look at money. For example, the majority of men find women who save to be sexy, but women call those frugal guys cheap.

Best piece of financial advice

Make as much money as you can and live on as little as you can because they both have their limits.

Photo credit: Build your budget by eric731 on Flickr
About the author

Vicky Tobianah recently graduated from McGill University with an Honours Bachelor of Arts in Political Science and English Literature. She also works as a freelance journalist. When she is not busy blogging, making new contacts or researching articles, she enjoys catching up on current affairs, encouraging her friends to become active in political matters and, of course, writing.