Canadians with Debt Living Paycheque to Paycheque

According to a recent study conducted by the Certified General Accountants Association of Canada, almost a third of Canadian households do not have enough money left over after paying their bills. On average the 1800+ people who participated in...

Continue reading →

Budget friendly things to do this Victoria Day Long weekend

On the eve of the much anticipated May long weekend you may be looking for enjoyable places to visit with your family.  There are a number of fun events taking place sure to entertain all ages in all kinds of...

Continue reading →

Do you have Financial Discipline?

Stanford University conducted an experience called the "Marshmallow Theory” that has been used many times to demonstrate the power of self-control in your financial and personal life.  The experiment followed children who were left alone with a marshmallow and told...

Continue reading →

How to Deal with credit card debt of Deceased Person

If a person close to you passes away, like a spouse, do you know how to deal with that person’s credit card debt?  It’s a difficult task to deal with aside from the obvious grieving.  There is a process...

Continue reading →

Do you have a plan to Get out of Debt?

The majority of Canadians have some kind of debt.  There are two types of debt, secured debt and unsecured debt.  Secured debt is debt that is secured to an asset, like a mortgage or a car.  Unsecured debt is...

Continue reading →

Using your tax refund to pay off Debt?

Tax season is upon us!  Have you filed your taxes yet?  Those that are fortunate enough to expect a tax refund will be pondering the question, “What am I going to do with the extra money?”  Plans for the...

Continue reading →

The rate of Canadian Household Debt slowing but Debt still too High

The Royal Bank shared recently that February marked the slowest year-to-year growth in Canadian household debt in more than a decade. The deceleration of borrowing is a step in the right direction in adherence to the Bank of Canada’s...

Continue reading →

How a Home Equity Line of Credit (HELOC) can sink you Deeper in Debt

Canadians with mortgages have significant equity in their homes, averaging about 66 per cent of the home’s value, according to the Canadian Bankers Association.  For those who are struggling with paying their bills, using their equity in their homes may...

Continue reading →

If you want to settle your Debt, be prepared to change your Spending

Have you heard this before but are not quite sure how to control spending?  It may not be an easy and quick process but it comes with rewards.  There is a strategy to help you track spending and save...

Continue reading →

Does March Madness include Getting out of Debt?

March marks the month associated with Basketball (March Madness finals) and the month when we prepare our taxes, purchase RRSP’s and take stock of how we are doing financially.  Since you started this year, how do you stand financially? ...

Continue reading →