Here are eight tangible steps you can take to improve your credit score. Your credit score directly impacts your ability to get approved for financing, including credit cards, loans, and mortgages.
The Borrowell Team
Feb 04, 2021
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We’ve made financial literacy a part of our mission at Borrowell. While frequent credit monitoring is important to understanding your financial well-being, we know that #finlit goes well beyond credit scores and credit education.
This is precisely why we love the Young and Thrifty blog. If you haven’t heard of Young and Thrifty, it’s time to add it to your financial education rotation. The blog is run by Kyle Prevost and Justin Bouchard – two millennial money experts, entrepreneurs, and investors.
These two know a lot about personal finance and it shows. The blog has relevant and interesting content for Canadians that we think our members will find useful. Here is our Young and Thrifty review: a roundup of our favourite blog articles!
1. TFSA vs RRSP: Head To Head Comparison – 2018
Around January and February of every year, the great TFSA and RRSP debate resurfaces. Both are great savings and investing tools, but there are important differences and it’s important to choose correctly.
Young and Thrifty keeps it real with this one. It describes how in an ideal world, you would max out both your RRSP and TFSA. But, as we all know, life happens and this is rarely an option.
The Takeaway: Y&T helps you decide which is more practical.
2. Destination Wedding vs Traditional At Home Wedding: Which One Is Cheaper?
Canada’s wedding season is coming up fast. Should you plan a destination wedding or a traditional at home wedding?
We all go through that period in life when it’s wedding mania and every friend, relative, and college roommate you’ve ever had is getting married. If you’re at this life stage, it can be hard to know if you should have an intimate destination wedding or invite everyone you care about to your special day at home.
The Takeaway: One type of wedding isn’t better than another! This blog will help you decide what kind of wedding is best for you – and your wallet.
3. The Complete Guide To Canada’s Best Online Banks
We’re fans of online businesses, and not just because we are one. Y&F review breaks down the major players in online banks, comparing Tangerine and PC Financial. It also has a “new kids on the block” section, featuring EQ Bank. EQ Bank has a 2.30% interest rate (see review) on its Savings Plus Account, so if you’re ready for a new savings account — it’s a great option.
The Takeaway: If you’re thinking about moving to a new online bank, this is a must-read comparison piece.
4. The Cost Of Baby’s First Year
Are you getting ready to welcome your first child? You’re going to want to check out this Y&F blog. It breaks down the cost of a child’s first year and exactly how much you’ll need to budget for things like child care, food, diapers (cloth VS disposable) and RESP contributions.
The Takeaway: This blog doesn’t just give you tips – it provides a comprehensive breakdown of how to budget for your first year as a parent.
5. Borrowell Review: Fast, Fair, and Friendly Loans + Free Credit Scores
Well, we can’t write a review about our favourite Y&F blogs without mentioning its Borrowell review! We’ll let the review speak for itself.
There you have it – our Young and Thrifty review and top 5 favourite blogs. We hope you enjoy them as much as we did!
Get your free credit score and free credit report from Borrowell.com.
Rachel Surman is a digital writer at Questrade and a former content marketing specialist at Borrowell. Rachel is passionate about helping educate others about credit. She's also a big fan of budgeting and saving - mainly so she can visit all the places on her bucket list.
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