If you’re looking for a list of the best Canadian personal finance books around, you’ve come to the right place! 

Even though there are a ton of personal finance books available these days, as a Canadian I know it can be hard to find a book that talks money in our language.
We don’t have Roth IRAs or 401(k)s — we’ve got TFSAs and RRSPs!Adding these to my list! 5 of the best Canadian personal finance books.

To save you the trouble of figuring out which books are for Canadians and which ones aren’t, I’ve compiled a list of the 5 best Canadian personal finance books that you seriously need to add to your reading list today!

1. Money Talks by Gail Vaz-Oxlade

Money Talks by Gail Vaz-OxladeI just finished reading this book and I literally cannot stop talking about it and telling everyone I know to grab a copy. It’s not your regular how-to personal finance book, but instead focuses on real life money situations that many of us have experienced or know people who have.

For me personally, it has been a great conversation starter. It helped my husband and I talk more seriously about our budgeting strategy, and it was a big part of the reason why I chose to switch back to debit instead of credit for my day-to-day purchases.

This is also a great book to give to a friend or family member who you know is struggling financially. Honestly, I think almost every type of money situation is covered in this book, from trying to help people who are in denial about how bad their finances are to dealing with complete money morons. If you’re new to the personal finance sphere and want a good starter book, or if you’re just looking for something different than the regular how-to guidebook, I highly recommend Gail Vaz-Oxlade‘s Money Talks.

Read this if you want to:

  • Know how to handle some sticky money situations, like a family member who always hits you up for money, a roommate whose debt is affecting your life, or a partner who uses money to control your relationship.
  • Find a way to start a conversation about money with your family, friends or partner.

2. How Not to Move Back in with Your Parents: The Young Person’s Complete Guide to Financial Empowerment by Rob Carrick

How Not to Move Back in with Your Parents: The Young Person's Complete Guide to Financial Empowerment by Rob CarrickRob Carrick has been a personal finance columnist for The Globe and Mail for years, but what I most like about his writing is his keen interest and focus on the millennial generation. Not a lot of personal finance journalists have as much insight into Generation Y as he does, and it was an absolute pleasure when I got the chance to chat with him about millennial money matters on my podcast.

His book How Not to Move Back in with Your Parents is a book I think both parents and young people should read. It’s no secret that Generation Y have it a bit tougher than their parents’ generation when it comes to employment, home ownership and retirement. Many millennials are over-educated, under-employed and drowning in debt, but that doesn’t mean Generation Y is completely screwed.

In Rob’s book, he offers his expertise on how young people can take back control of their financial lives by saving for university without taking on heaps of debt, paying off student debt at a faster rate by being proactive, establishing a credit rating, and handling all those other important though somewhat daunting adult situations like buying a home, getting married, raising children and so forth.

Read this if you want to:

  • Learn how to be a financially independent young adult, making money-smart choices that will positively affect both you and your parents.
  • Find out how not to move back in with your parents — simple as that.

3. Fight Back: 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery by Ellen Roseman

Fight Back: 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery by Ellen RosemanEllen Roseman is Canada’s leading consumer advocate, and I’ve gotten the pleasure to hear her speak on numerous occasions about how to be a smarter consumer (which I think we all need a reminder of sometimes!).

Her book Fight Back: 81 Ways to Help You Save Money and Protect Yourself from Corporate Trickery breaks down her wealth of knowledge into 81 tips on how to “spend sensibly, save money, and avoid costly consumer traps.” She also explains how to deal with bank representatives and car dealers, how to cut costs on your cable and phone bills, how to improve your credit rating, how to fight online fraud, how to get the right type of insurance, plus many more incredibly helpful tips!

Read this if you want to:

  • Learn how be a smarter consumer, who isn’t easily talked into things by sales people.
  • Have a thorough guide on what you can do right now to manage your money better.

4. Stop Over-Thinking Your Money: The Five Simple Rules of Financial Success by Preet Banerjee

Stop Over-Thinking Your Money by Preet Banerjee

Preet Banerjee‘s book Stop Over-Thinking Your Money is a personal finance book I refer back to on the regular. It really is a great roadmap for Canadians to use to navigate the seemingly complex world of personal finance and just get things done!

Sometimes the world of personal finance can be overwhelming, but Preet breaks down the most important things you can do for your money in 5 simple steps. Once you’ve done these 5 steps, you’ll be miles ahead of most Canadians and ready for the next level of your financial education.

This is absolutely the perfect starter book for anyone who just wants some simple guidance on how to manage their money better. I get asked all the time “Where do I even start?” and this book is a popular recommendation of mine. Plus, it helps that Preet shared his story and more money tips with me on my podcast.

Read this if you want to:

  • Be better at managing your money but don’t know where to start.
  • Get things done and need a quick guide to help you start achieving some of your financial goals ASAP.

5. A Parent’s Guide to Raising Money-Smart Kids by Robin Taub

A Parent's Guide to Raising Money-Smart Kids by Robin TaubOne thing that I know I’m going to do when I start a family is make sure my children know the value of a dollar and what it means to budget, save and invest before they become adults. Most of us don’t learn about personal finance until we’re in our 20s and have already made a number of money mistakes. Luckily, thanks to Robin Taub, it doesn’t have to be that way for future generations.

In Robin’s book A Parent’s Guide to Raising Money-Smart Kids, she outlines how to talk to your kids about money, what to say depending on their age, and why it’s so crucial to educate your children about money at an early age. Make sure to also check out my podcast episode with her for some extra tips on how to raise money-smart kids!

Read this if you want to:

  • Learn how to talk to your kids about money at any age.
  • Break the cycle of making money a taboo subject and keeping your kids in the dark when it comes to the family finances.
  • Hope to raise kids who grow into financially stable and capable adults.

What’s your favourite Canadian personal finance book?

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