How much could a Night Out Cost you?

When you receive your paycheque what is the first thing you do?  Many of us Canadians use payday as an excuse to blow off a little steam from a hectic work week by going out for dinner or drinks...

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Budget Tips for Preparing for the Fall

As October rolls in we find ourselves excited for a new season while preparing for the cold winter nights ahead.  Home repairs and yard maintenance are usually top of mind at this time.  There are some things you can...

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Short on Cash but Deep in Debt

We are still short on cash and deep in Debt You’ve heard the saying, “save for a rainy day”.   More and more these days Canadians are putting money aside for their savings, but the majority of us are still short...

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How Collection Agencies Collect on Debt

Consumers with unpaid debts may have to encounter a call from a collection agency demanding the debt be repaid as soon as possible.  The first step a collection agency must take is to send you a written notice through...

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Tips for Managing Debt for Canadians 50-plus

Debt is a hard reality for people at any age, but when you are 50-plus it becomes even harder.    It’s even more important for those 50 or older to get a handle on paying down their debt while they...

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A Garage Sale can help you get out of Debt

Depending on how much debt you need resolving, a garage sale can be a helpful way of earning some extra cash.  There is a formula for throwing a successful garage sale and if you want to get the most out...

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How Credit History makes or breaks Credit Score

If you have ever used a credit card or borrowed from a creditor you will have a credit history. (more…)

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Why are Canadians more in debt than Ever?

The Bank of Montreal (TSX-BMO) surveyed 1,005 Canadians on their debt levels and repayment between July 12 and 16.  The poll showed more Canadians are in debt and are taking longer to pay off their debts.  It found that 83 per...

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Why Retired Canadians live in Debt

When we think of retirement we picture a smiling person enjoying a golf game, sitting by a tranquil lake or driving a really cool car.  The overall sensation is relaxation and fulfillment.   We see advertisements everywhere conveying these blissful images that...

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Four Indicators of when you are in Debt

Are you constantly making payments every month and finding you’re getting nowhere?  If so, you’re trapped in debt.  You could have sunk into debt for a number of reasons including losing a job, dealing with a divorce or perhaps you simply...

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