Debt and Your Health – The Mental and Physical Effects of Debt
There is a common misconception that people who are in debt are reckless spenders who don’t have any self-control when it comes to their finances. But the truth might surprise you. Many, if not most, Canadians live with debt for various reasons – and it’s not just the ‘reckless spenders’. People start accumulating debt from […]
Know All of The Options When Looking to Solve Debt
Struggling with debt is not uncommon, in fact it is all too common in our society these days. The struggle with debt can adversely affect every area of one’s life. It’s not worth it!When looking to resolve debt and get your finances back on track, it’s vitally important to understand all of your options, and […]
Case Study of Success – Sharon
Sharon – A successful case study story we’d like to share with you. GET DEBT FREE NOW! Sharon, a well respected career nurse, suddenly became a single mom. She was left with a large mortgage, a car payment, and $70,000 of credit card & line of credit debt, which by the way she herself did […]
Budgeting for Baby
From pre-natal preparations to preschool to post-secondary, raising a child in Canada is not for the financially faint of heart. The average annual cost for raising a child to the age of 18 has been estimated to be a cool $13,000 which, of course, will not necessarily decrease at that age if you plan to pay for […]
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 […]
