Food is one of the largest weekly expenses for the majority of Canadians; it’s a necessary cost and therefore can often make or break a budget. Seasons, stores and even the weather can all dictate how much we spend on our food. While most financial experts suggest that we spend no more than 15% of our income on food, it can be very difficult to achieve this. Let’s take a look at how much Canadians are spending on food, both on a national and provincial level.
Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.
Credit building on autopilot. Appy for The Foundation and make payments for 12 months. Payments are reported to both credit bureaus which can help build credit. Plus, after 12 months you’ll have $750 saved.
A simple and safe way to build your credit. No credit check, no hidden fees, and no interest. Kikoff reports payments to Equifax, which can help improve your credit.
We’ve partnered with life insurance providers who offer great options for Canadians 40+ looking to protect their families. No medicals or blood tests for approval.
Bree lets you access up to $350 (no interest) to help cover overdraft fees or unexpected expenses.
By Sandra MacGregor
Published on December 10, 2024
What exactly does prime rate mean and how can it have such a potentially powerful impact on your life?
By Lisa Rennie
An essential guide to help prevent and deal with identity theft.
By Jessica Martel
RPP vs RRSP: Wondering which one is the better option? Learn about how they differ, and how you can use them to save for your future.
By Bryan Daly
A budget that works for you is often the difference between meeting your financial goals and falling short. Learn how to create a monthly budget.
By Maidina Kadeer, BA
Explore how generational trends influence key areas like saving, investing, and managing debt for Gen Z, Millennials and Boomers.
By Veronica Ott
Curious about what a stop payment is and how they can help you manage any payment issues you're having? We have all the information you need.
By Lisa Rennie
If you are looking for a low-risk, passive investment strategy that will help you steadily build wealth over time, then you should consider index fund...
By Jun Ho
Retiring in Canada takes planning and responsible saving, here are our top tips to help you get started now to set yourself up for success.
