If there is something that 2020 has taught us, it’s the importance of having an emergency fund. Life is unpredictable, even at the best of times, and Covid 19 has taught us to have a financial Emergency fund if nothing else. Emergencies aren’t exclusive to this year either; many of us, every single day, may […]
What Marriage (& Divorce) Can Mean for Your Finances
What are your plans for going into the future? Are you thinking about focusing on your career, expanding your skills, reaching the highest possible salary you can achieve and looking to settle down, get married, and have some kids? Whichever choice is yours, there are going to be some financial decisions at various points along […]
What Money Means at Different Points in Your Life
When you’re young, finances are probably not the first priority you have in your life. But, you’ll soon find that money will become far more important to you as you grow older. Whether it’s saving for a vacation, buying a home, or getting ready for retirement, each of these goals revolves around one thing: your […]
Financial Reviews for Seniors
Financial planning is a lifelong process. No matter your age or financial status, nearly everyone benefits from reviewing their financial situation and practicing good financial habits to secure their assets and their quality of retirement. Even if you’re retired or planning retirement, you do not want to find yourself in a situation where your savings […]
How Scams Are Targeting You & Your Money
No matter who you are, there is a good chance a scam may have targeted you in the past. Scams can come in various formats, and they’re adapting every day to separate you from your money as much as possible. According to the Canadian Anti-Fraud Centre (CFAC), nearly 13,000 Canadians have lost over $51 million […]
SIX Actionable Ways to Protect Yourself During Tough Economic Times
1. Develop Additional Income Streams Most adults have formal full or part-time employment. Many also have additional passive or alternative incomes as well. This additional income is a boon generally but especially during tough economic times. As long as you have a computer and reliable internet access, there are likely opportunities for you to take […]
Rebuilding Your Credit Using Secured Credit
After bankruptcy or prolonged debt, it can be difficult to know where to start when rebuilding your credit. When filing for bankruptcy, your Trustee can advise you on ways to rebuild your credit and maintain a solvent budget. Bankruptcy or not, overloading your credit cards and not making minimum payments will certainly crash your credit […]
Budgeting Like a Pro: Three Free Tools to Help You Manage Your Budget
Proper budgeting is one of the best ways to help manage your money and handle your debt. A budget can help you track your spending and prepare for emergency expenses or loss of income. While there are many basic ways to budget like using a notebook or spreadsheet, there are also a few digital tools […]
Protected Assets & Bankruptcy: What You Need to Know
What Are Bankruptcy Exemptions? There is an understanding that despite filing for bankruptcy, you will still need certain belongings in order to work, maintain dignity, and rebuild your financial standing. These assets are protected during bankruptcy as bankruptcy exemptions. Bankruptcy exemptions are assets that will not be seized by your Licensed Insolvency Trustee during the […]
What Happens to Your Car Loans During the Bankruptcy Process?
Car loans and other secured debts are handled differently from conventional debts during the bankruptcy process. We’re here to help you understand how unsecured debts will be affected by filing for bankruptcy and whether or not you will be able to keep your vehicle. Bankruptcy Exemptions Every province has different amounts they allow for each […]
