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The Best Personal Finance Blogs In 2023


Reading Time: 5 Min


One of the best ways to brush up on your personal finance skills is through self education. In the old days, this was challenging to do because self help resources weren’t readily available. However, in the digital age, we have nearly everything at our fingertips. There is a plethora of content out there dedicated to helping Canadians make the most out of their finances.

To help Canadians work towards their goals, My Rate Compass has gathered a list of the best personal finance blogs to follow in 2022. Each one has something special to offer and, by reading financial based content regularly, you will get closer to your money objectives.


MoneySense is owned by Ratehub, another popular personal finance blog. Despite this fact, MoneySense claims that they retain editorial independence and maintain an unbiased stance. Their goal is to help Canadians make informed financial decisions through personal finance content.

This blog doesn’t take a specific angle in their guides and articles. Instead, MoneySense is a general personal finance resource. On their website, the main topics they cover are saving, investing, mortgages, homeownership, family planning, spending strategies, retirement and insurance. Since the start of 2021, their top 100 dividend stocks of 2020 and best robo-advisors in Canada for 2020 guides have done particularly well.


Nerdwallet’s goal is to help their readers with life’s biggest financial decisions. This could be paying off debt, buying a house, saving for retirement or choosing a financial product or service. Nerdwallet has a US and UK website, but unfortunately not a Canadian website. For this reason, the financial products and services might not always be relevant to Canadians, but the theory behind financial decisions is still relevant.

In addition to a personal finance blog, Nerdwallet issues Best-Of Awards every year for credit cards, mortgages, investing, banking, loans and much more. These awards help their readers make better decisions. They also feature online calculators that can help you determine the cost of financial obligations, such as interest payable or budgets. On the whole website, the calculators will provide the most value to Canadian readers.

3)Savvy New Canadians

Savvy New Canadians is operated by Enoch Omololu, a Canadian personal finance expert and guru. Enoch lives a typical Canadian’s lifestyle, complete with marriage, children and tricky financial obligations. For this reason, his blog takes a more intimate and relatable approach compared to larger scale websites. Being able to relate to the writer is important because you might find that your situations are quite similar thereby helping your personal finance situation.

Enoch focuses on financial freedom, diversifying income, getting out of debt, entrepreneurship and much more. His work has been featured in the Toronto Star, The Globe and Mail, Winnipeg Free Press and The Motley Fool.

4)Young and Thrifty

Young and Thrifty is a Canadian based blog that provides general personal finance information. Their main topics include investing, banking, credit cards, saving, taxes, retirement, lending and mortgages.

Not much else is known about the blog itself, but it is a great resource for Canadians in the midst of a financial decision. Writing and content produced by Young and Thrifty has been featured on CBC, CTV, Maclean’s, The Globe and Mail and The Star. In addition, the website operators are quite responsive to questions and comments incurred on their page.

5)Money We Have

The Money We Have blog was started by Barry Choi in 2014. The main focus of the blog is personal finance and how it relates to travel. Their goal is to help Canadians and worldwide travellers make smarter financial decisions. Given that travel is important to many Canadians, Money We Have has become one of the most trusted resources for that specific topic.

Barry is open about the fact that when he started investing he didn’t have any clue what he was doing. He said that his advisor wasn’t giving him good investment suggestions and the fees were too high. After making the decision to fire the advisor, Barry decided to educate himself. Today, he shares his insights and knowledge on Money We Have to help other Canadians make smarter financial decisions.

6)Mr. Money Mustache

Out of all the personal finance blogs, Mr. Money Mustache takes one of the most unique perspectives. This blog incorporates philosophy, comical sarcasm and high, intimate intellect. The main focus of Mr. Money Mustache is financial freedom, spending and saving.

After gaining financial independence in his thirties, Pete Adeney started this blog in 2011. As a young retiree, Pete constantly heard about his peer’s struggle to gain financial independence. He decided to help Canadians by writing about how he attained financial independence at a young age and how you can too.

7)The Penny Hoarder

The Penny Hoarder was founded in 2010 and has since become one of the largest personal finance blogs in the US. Unfortunately, The Penny Hoarder doesn’t have a specific website for Canada, but they publish content relevant to Canadians often. Kyle Taylor is the founder and CEO of the blog and aims to improve the everyday lives of individuals by providing helpful information about personal finances.

As one of the larger personal finance blogs out there, The Penny Hoarder has a ton of content. Earning, saving, budgeting, debt, retirement, credit scores, banking, investing, taxes and insurance are the main topics they cover.

8)Money After Graduation

As the name implies, Money After Graduation attempts to help individuals pay off debt, save money, increase income and invest. More specifically, the blog caters to young professionals that want to start building wealth now. As the founder Bridget Casey says, their website attempts to help individuals become entrepreneurs instead of employees, shareholders instead of consumers, and overall masters of money.

Bridget is a Canadian entrepreneur that works with her team to create content relevant to Canadian and US readers. Saving, investing, budgeting, debt and lifestyle are the broad topics covered on Money After Graduation.

9)Jessica Moorhouse

Jessica Moorhouse is an Accredited Financial Counsellor in Canada and a money expert. In addition to her blog, Jessica has a podcast called More Money and founded the Millennial Money Meetup group. This money expert has a wealth of financial literacy knowledge considering that she started her journey at the age of 15.

Jessica started her blog in 2011, but it’s grown into a much bigger thing today. While Jessica does have a blog, it’s not the most expansive one. However, the content she produces has valuable insight into her own personal experiences and advice. In addition, she has many insightful tools that you can use including a free resource library. You can also book a one on one consultation with Jessica to discuss your individual needs and goals.

10)My Rate Compass

Last but certainly not least…My Rate Compass is a blog worth following.

My Rate Compass takes a unique angle in the personal finance blog sector. Their main focus is on credit card types, rewards, risks, reviews, recommendations and comparisons. In addition, the creators offer a free online credit card course for Canadians.

Credit cards are the focus of My Rate Compass, but they have various other resources available too. On their blog, there is a ton of personal finance content from bank accounts to investment guides to insurance information. My Rate Compass is also a trusted resource of popular Canadian outlets including the Financial Post, Vancouver Sun, Montreal Gazette and the Toronto Public Library services.

Reading your way to financial freedom

Personal finance is a skill like any other. The more you read, the better your financial literacy will be. An easy way to start educating yourself on money is to subscribe to one or more of these blogs.

Good luck on your personal finance journey! My Rate Compass hopes that you achieve all of your financial goals in the 2022 year.

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