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Aaron Broverman

Aaron Broverman

Aaron Broverman

Aaron Broverman has been a personal finance journalist for over a decade. His work has appeared on such outlets as Yahoo Finance Canada, Bankrate and Creditcards.com, Money Under 30, Wealth Rocket, CBC.ca and Greedyrates.ca. This former Toronto transplant via Vancouver now lives in Waterloo with his wife and son.

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People lined up at an ATM to avoid withdrawal fees.

What to Know About Bank Withdrawal Fees

A withdrawal fee is imposed when funds move out of your bank account. There are several types of withdrawal fees, including transaction, network access and convenience.

Woman standing in produce section thinking about how to save money on groceries.

How to Save Money on Groceries

Digital flyer apps, buying generic or in bulk, and using a rewards credit card are are just some of the ways to save money on groceries.

You will likely see the NSF or insufficient funds notice on your receipt or the transaction description line in your bank statement.

What Is A Non-Sufficient Funds (NSF) Fee?

An NSF fee can cost nearly $50, but the expense isn’t the only serious consequence — overdrawing your account can also hurt your credit score.

Father contemplates debt consolidation while sitting at kitchen table with daughter.

Is Debt Consolidation Right for You?

Debt consolidation combines multiple debts — like credit cards, loans and lines of credit — into a single monthly payment. It is done in a few ways.

Woman calculating what she owes to a debt collector.

How to Deal with a Debt Collector

Ignoring a debt collector won’t make them go away. Know your rights to avoid undue pressure and minimize the impact on your credit report.

Two people at a table calculating their debt-to-income ratio.

Understanding Your Debt-to-Income Ratio

A debt-to-income ratio compares your income to the amount of debt you have. Canadian lenders use this ratio to determine your creditworthiness and predict if you'll repay a loan.

Mortgage Insurance: How It Works And What It Might Cost You

Mortgage default insurance protects lenders against defaulting borrowers. Mortgage protection insurance pays your mortgage if you die or become disabled.

Amortization Period Vs. Mortgage Term

A mortgage term is the length of time you are locked into a mortgage contract, but an amortization period is the length of time it should take to pay off your mortgage.

How is Insolvency Different from Bankruptcy?

Insolvency means you are unable to pay your debts. While it is often the step before declaring bankruptcy, it doesn’t have to be — there are other ways you can still get out of debt.

Is a Consumer Proposal Worth It?

If you are in overwhelming debt, a consumer proposal might be able to help you consolidate and repay your debts without giving up your assets.

What Happens When You File Bankruptcy in Canada?

Bankruptcy is a legal tool to help consumers resolve overwhelming debt. It’s a major decision, so make sure you know the consequences and alternatives.

5 Steps To Take After Losing Your Wallet

First step? Don’t panic. Then follow these tips to minimize any potential damage

Why Are Emergency Funds Important?

An emergency fund is best kept in an accessible savings account so you can easily get your money when unexpected expenses arise.

An Introduction to Low-Interest Credit Cards

Low-interest credit cards generally don't offer the kinds of generous rewards that other cards offer because their perks come from lower costs.

An Introduction to Rewards Credit Cards

When you use a rewards card, your loyalty and spending is celebrated with redeemable perks, points and other rewards. The more you spend, the more you get.

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