A 10-Step Money Management Plan to Organize Your 2018 Finances
After years of discussing financial matters with people, both personal and business, there’s one truth that seems to be proven again and again: people who are good with money tend to spend more time organizing, planning, and knowing exactly what’s going out—and what’s coming in. Now, you might hate spreadsheets. Or dread actually looking at […]
Rebuilding Credit – Why Is It Important?
These days, most people rely on credit for any number of financial needs. Whether you wish to borrow at favourable credit rates, get approval for a mortgage, buy a car, or get approved for a credit card, the status of your credit rating will impact your ability to do so. Without a credit card, for […]
Using Your Credit Cards Like Cash
PREVENT YOUR BALANCES FROM SPIRALLING OUT OF CONTROL It is easy to fall deeper into debt if you aren’t regularly monitoring your finances and spending. Credit cards are one of the most readily available and dangerous tools for unsuspecting consumers. In Canada, nearly half of all credit card holders carry some credit card debt. Many […]
How to Set Up a Monthly Budget
How to Set Up a Monthly Budget Creating a monthly budget is a great way to kick-start debt-free living and add to your savings. A budget is a great financial tool, whether you are looking to reduce your existing debt or simply gain a better understanding of your spending habits. It allows you to determine […]
Emergency Funds—An Important Part of Financial Planning
Emergency Funds—An Important Part of Financial Planning How long would your current savings last in an emergency? What if you suddenly lose your job or face unexpected expenses, such as urgent home or car repairs? Maybe you want to make a career change, possibly to self-employment, and will experience a less stable financial situation for […]
Good and Bad Debt – What’s the Difference?
There is an abundance of coverage in the news these days about how Canadian household debt has climbed steadily in recent years and hit record levels, fueled by mortgages and low interest rates. While debt is generally perceived as bad, some debt is necessary and if well managed, can be an asset. When looking at […]
Tips on How To & The Importance of Rebuilding Credit
There are many reasons that achieving and maintaining a good credit score is important. If your credit score has dropped as a result of struggling with debt or filing a consumer proposal or a bankruptcy, you’ll quickly realize the limitations it places on you. In today’s world, most people rely on good credit for a […]
Debt Solutions are Available to You, Don’t Get Bogged Down By Debt
David was a 25-year-old honours student fresh out of University with an accounting degree, and starting a brand-new job in central Ontario. David was successfully able to get a mortgage loan and begin living on his own on beautiful lakefront property. David loved his life, and his amazing GPA helped him get his dream job. […]
Debt Consolidation- What is it?
Debt consolidation is a form of debt relief often used to avoid failing to pay interest on existing debt. It is commonly used by people in order to pay off loans or eliminate their own credit card debt. The act of debt consolidation usually requires the debtor to take out a new loan in order […]
