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Author: Steven Porrello

Steven Porrello joined the Motley Fool Canada team in 2020 and has six years of experience writing on financial topics and investing. He's taken university courses on finances and accounting and has grown his passion for energy, materials, and growth stocks with post-graduate studies and writing.

Recent Articles

Two hands holding champagne glasses toasting each other with Paris in the background
Personal Finance

How the Pandemic Has Made Us Rich… for Now

| Steven Porrello

Guess what? The world actually got richer during lockdowns and travel restrictions

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Knowledge concept with quote written on wooden blocks
Personal Finance

It’s Never Been Easier to Get a Reverse Mortgage… But Should You?

| Steven Porrello

Wondering about the pros and cons of reverse mortgages? Here's everything you need to know.

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edit CRA taxes
Personal Finance

The Sad Truth About Cryptocurrency Profits? Taxes

| Steven Porrello

As crypto gains have become more lucrative over the last few years, many investors have been blindsided by an old…

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stock analysis
Personal Finance

Don’t Retire Early: Just Work From Home

| Steven Porrello

For Canadians who don't have the income to retire early (or the time), you could experience the freedom of retirement…

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Person Hands Opening Mailbox To Remove Newspaper
Personal Finance

U.S. Lifts Travel Restrictions for 33 Countries … But Not Canada?

| Steven Porrello

Before we get too emotional over this, let's take a look at the facts.

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Credit card, online shopping, retail
Personal Finance

15 Minutes to More Credit Card Points

| Steven Porrello

How do you earn more credit card points? Here are seven ways to maximize your card's rewards program.

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edit Taxes CRA
Personal Finance

Are Credit Card Rewards Taxable?

| Steven Porrello

Let's take a look at when credit card rewards are considered taxable and when they're not. 

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Personal Finance

Can a Credit Card Make You Wealthy?

| Steven Porrello

A credit card could be one among many financial practices that helps you build wealth.

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Credit card, online shopping, retail
Personal Finance

One Crazy Reason to Use Your Credit Card More

| Steven Porrello

If you're trying to resist using your credit card, here's why you should think again...

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close-up photo of investor Warren Buffett
Personal Finance

Should You Listen to Warren Buffett’s Tip on Credit Cards?

| Steven Porrello

Wondering about the wisdom (or not) of credit cards? Here's a tip from Buffett himself.

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The Motley Fool
Personal Finance

Here’s Warren Buffett’s Favourite Credit Card

| Steven Porrello

Warren Buffett is one of the most fascinating and unusual billionaires of all time. It's no surprise that Warren Buffett…

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Personal Finance

7 Easy Ways to Get More From Your Credit Card Points

| Steven Porrello

Most Canadians can earn more points simply by being more strategic. If you're ready to get more back for your…

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Personal Finance

Capital One Costco Credit Card Is Ending: How to Find an Alternative

| Steven Porrello

You shouldn't have a problem replacing your CapitalOne Costco credit card with something better.

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Personal Finance

5 Ways You’re Using Your Credit Card Wrong

| Steven Porrello

If you're using your credit card on autopilot, here are some mistakes you could be making.

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Personal Finance

5 Ways to Completely Destroy Your Credit Score

| Steven Porrello

Worried about your credit score? Here are some tips to avoid destroying your credit!

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Personal Finance

Want a Better Credit Card? Do These 3 Things …

| Steven Porrello

Need a better credit card? Here's how...

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Personal Finance

The 3 Credit Card Habits You Need to Break

| Steven Porrello

Using your credit card in a routinely disadvantageous way can easily come back to haunt you, often in the form…

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The Motley Fool
Personal Finance

3 Ways to Slash Grocery Bills — and Have Fun Doing It!

| Steven Porrello

Wondering how to cut down on your grocery bills? Look no further!

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Personal Finance

Stop Paying These 7 Sneaky Credit Card Fees…

| Steven Porrello

If your budget is tight, or you're just sick of seeing your hard-earned cash going toward petty fees, here are…

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Investing

5 Tricks to Get More Credit Card Points

| Steven Porrello

If you want to see your rewards points swell, be sure you have the best credit card for you.

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gas station, convenience store, gas pumps
Personal Finance

How to Save Money on Gas This Summer

| Steven Porrello

With these three tips, you can potentially save as much as any price drop, and you'll create some long-term, healthy…

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Personal Finance

Here’s How Fast Credit Card Debt Can Double

| Steven Porrello

Afraid to look at your credit card bill? Don't be -- do this!

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Personal Finance

5 Invisible Credit Card Perks You Probably Don’t Know About

| Steven Porrello

Did you know that credit cards can offer several hidden perks that can protect you from losing money?

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energy industry
Personal Finance

Canada Down 68,000 More Jobs: Is the Economy Still Recovering?

| Steven Porrello

This morning, Canada Statistics released its most recent unemployment numbers.

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edit Four girl friends withdrawing money from credit card at ATM
Personal Finance

Sick of Paying Bank Fees? Do This…

| Steven Porrello

Banks provide us with essential services, sure, and they help us borrow for big purchases. But nothing from a bank…

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Personal Finance

Be Wary of Buy Now, Pay Later Apps: They Could Hurt Your Credit

| Steven Porrello

BNPL apps may give Canadians the luxury of buying expensive items now instead of saving up for them, but if…

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Glass piggy bank
Personal Finance

Thinking of Putting Your Emergency Fund in a GIC? Consider This First…

| Steven Porrello

Thinking of putting your hard-earned cash in a GIC? Consider this...

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The Motley Fool
Personal Finance

In Debt? Here’s How to Get Out of Debt — and Stay Out — for Good

| Steven Porrello

Worried about being in debt? Here's how to get out of debt for good!

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The Motley Fool
Personal Finance

50% of Canadians’ Credit Scores Improved in 2020: Did Yours?

| Steven Porrello

Canadians have managed to reduce their credit card debt, improve their credit scores, and get their finances on track.

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investment research
Investing

Worried About the OSFI Mortgage Stress Test? Here’s What to Do

| Steven Porrello

Don't stress about the new mortgage rules: Do this instead!

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online shopping
Personal Finance

5 Credit Card Myths We Should All Stop Believing

| Steven Porrello

Let's bust five credit card myths you'll hear the most.

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consider the options
Investing

Here’s How Higher Inflation Can Cut Your Investments in Half…

| Steven Porrello

Last week, Statistics Canada set off a whirlwind of news when it released the inflation rate for April.

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online shopping
Personal Finance

Spending With a Credit Card? Don’t Leave Money on the Table…

| Steven Porrello

As more Canadians get vaccinated, and as pandemic restrictions loosen up, many of us are finally getting around to an…

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emergency fund
Personal Finance

Where Should (and Shouldn’t) You Keep Your Emergency Fund?

| Steven Porrello

Wondering where and how to set money aside for emergencies? Here are some tips!

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Investing

Got Kids? Collect Your $1,200!

| Steven Porrello

Here's how to get your no-strings-attached, tax-exempt payment on top of your Canada Child Benefit to cover your child's essentials...

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New virtual money concept, Gold Bitcoins
Tech Stocks

Sorry, Crypto Fans: Crypto Cards Have a Long Way to Go

| Steven Porrello

Crypto cards may be the way of the future, but this first iteration isn't perfect. Though I'm super excited for…

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You Should Know This
Personal Finance

Inflation Soars to 3.4%: Here’s How to Combat It

| Steven Porrello

Worried about inflation? Here's how to outsmart it..

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Investing

Could “Buy Now Pay Later” Replace Credit Cards?

| Steven Porrello

"Buy now, pay later" services give cash-strapped Canadians the option of spreading payments on purchases across numerous months, even years.

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Investing

Struggling to Qualify for a Mortgage? Do This!

| Steven Porrello

Trying to figure out how to qualify for a mortgage? Here are some tips for you...

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Gas pipelines
Energy Stocks

What Is the Line 5 Closure? How Could it Impact You?

| Steven Porrello

Michigan governor Gretchen Whitmer caused an uproar when she signed an executive order that gave Calgary-based Enbridge (TSX:ENB)(NYSE:ENB) 180 days…

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