Struggling with debt repayment strategies? Learn the differences between the Debt Snowball and Debt Avalanche methods, compare their pros and cons, and find out which approach best fits your financial goals and personality.
Understanding key financial terms is essential for Canadians who want to manage their money effectively. Whether you’re budgeting, saving for retirement, or applying for a mortgage, financial literacy helps you make informed decisions. In this guide, we break down 10 critical financial terms every Canadian should know, including gross income, net worth, compound interest, RRSP, TFSA, and more. Mastering these concepts will empower you to take control of your finances and secure a stable financial future.