Free Money! (And Other Free Resources)

Ways to Get Cash Back When Shopping

Ebates

Most companies will give people a small referral fee for all the business they help facilitate. What Ebates has done is split the referral fee with you so that you are now getting a part of the money you spend back. This does not increase the cost of the things you buy (the company just makes a little less if you use something like Ebates).

Ebates will give you $5 for signing up through here.

Great Canadian Rebates

Great Canadian Rebates is similar and also quite different to Ebates. They are similar in that they both give you discounts to a wide variety of stores. That said, when you are shopping online, make sure to check between the two sites to see which one is offering a better deal for the retailer you’re planning to buy from!

Great Canadian Rebates is different in that is also has some other deals such as bonuses for signing up for credit cards. However, if you are looking for credit cards, I would suggest the next section.

Great Canadian Rebates will give you $2.50 for signing up for an account and for their newsletter.

Best credit cards

If you’re looking for the best credit cards, I would suggest starting with RateSupermarket. They will show you all the current bonuses out there and they also do a really good job breaking down the bonuses of each card.

My personal favourite cards are:
MBNA – 5% cash back on gas and groceries for the first 6 months, then 2% thereafter. 1% on everything else and no annual fee.
Tangerine – 2% on two categories of your choice (categories listed below). It too, is a free card, so because I already have gas and groceries on MBNA, I can choose 2 other categories on Tangerine (restaurants and recurring bills). However, you can get a third category if you open a Tangerine Savings account.

Below are the categories Tangerine has:
Tangerine credit card categories

Just a friendly reminder – as we’ve talked about in the Credit Score section, having too many cards can hurt your score.

Free credit scores

Speaking of credit scores, there are two ways to get your credit score instantly, for free. You can use Borrowell to get your credit score from Equifax and Credit Karma to get your credit score from TransUnion.

Best Investing Options

Questrade

Definitely one of the best discount brokerages out there. As we’ve talked about in the Investing 101 section, Questrade is the ideal place for you to buy ETFs as it is completely free. They are also the ideal place if you want to open up a self directed RRSP and or TFSA as there are no fees for opening or maintaining the accounts.

If you open a Questrade account, you can get up to $250.

Wealth Simple

The most popular robo advisor in Canada. Not to mention they have some really nice ads. If you’re not interested in managing your own money, using a robo advisor such as Wealth Simple is a great place to start. You can read more about robo advisors in the Investing 101 section.

Open up an account through us and you’ll get $15,000 managed for free. (as opposed to the traditional $5000)

If you haven’t seen the ad, here it is.

Best Saving Options

Tangerine Account

I wouldn’t suggest a Tangerine Savings account unless you are getting a Tangerine credit card and want a third category. I do, however, really like Tangerine’s chequing account. It has no fees. In fact, it will actually pay you to have money in your chequing account! (Granted it’s only at 0.15%).

So if you are looking for a new chequing account, or you are planning to get 3 categories for your tangerine credit card, I highly suggest opening up a Tangerine account. You can also use orange key 46898092S1 to get a free $50.

High Interest Savings Account

Once again, Rate Supermarket does a great job showing you the best high interest savings account you can get.

At this point, it looks like EQ Bank has the best rates at 2.30%

Sources For Information

Facebook Community – Personal Finance for Canadians

If you ever have questions or want to be around other people who are exploring how to make their finances support their aspirations, the Personal Finance for Canadians Facebook communityis a great place to be.

Facebook Group – GenY Money

Run by two Globle and Mail personal finance writers, the Facebook group GenY Money is a great place to be if you’re looking to join a more intermediate personal finance group.