Category: Personal Finance For Youth
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Why Your Credit Score is so Valuable
If you are under twenty-five, odds are you don’t think about your credit score much. However, it is likely that you will need a good credit score to purchase big ticket items at some point in the near future. Cars, homes, or general access to money (perhaps for starting a business) are all connected to… Read more
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Investing Insights to help you achieve consistent returns: Your Path to Long-Term Wealth
“The wise lender wishes not the risk of losing his gold but to preserve it safely, earning liberally for its use.” – The Richest Man in Babylon Preview: 49% of Canadians who don’t invest say it’s because they don’t know enough about it, according to a survey by the Investment Industry Regulatory Organization of Canada… Read more
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Can I win a scholarship? Yes, I did, and you can, too
There’s something funny about being accepted to university when you come from a single-parent household. It’s exciting. It’s a challenge. Then comes the news about the cost. This is what pushed me to apply for scholarships. In March 2022, I began looking for scholarships to see if I could win money to help me pay… Read more
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Why Learning to Invest is Your Key to Financial Success
In school, we are taught various pieces of material, ranging from mathematical concepts to english literature (depending on your concentration of study). However, one topic that should be discussed more in schools is investing in the stock market. The stock market is not only a way for individuals to choose between a plethora of companies… Read more
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Why You Should Start Budgeting
As young people get older, they find themselves navigating numerous opportunities, challenges and experiences. From higher education to embarking on exciting career journeys to embracing the freedom of newfound independence, the early years of adulthood are marked by a whirlwind of moments and experiences. However, amidst the thrill of these moments, there lies a crucial… Read more
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Credit Mastery for Young Adults
Growing up, I always thought getting a credit card was one of the biggest milestones of adulthood. However, I did not fully understand what it meant to own a credit card and the burdens that come with it. The allure of swiping for purchases, earning rewards, and building a credit history can be tempting, but… Read more
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Understanding Taxes: A Guide for Young Adults
“Taxes, after all, are dues that we pay for the privileges of membership in an organized society.” – Franklin D. Roosevelt. The Role of Taxes in Society Did you know that in 2023, a Fraser Institute Study revealed that the average Canadian family will earn $140,106 but pay $64,610 in taxes, or 46.1% of their… Read more