Ways You Can Save This Summer – Family Fun at Low Cost Summer’s finally here! While you are into the summer festivities, now is the time to keep your costs down and save money. Spending very little in the summer can be simple as long as you plan in advance and take a few additional […]
Understanding Your Credit Report, Score & Rating
Credit is a fragile thing that can easily be damaged. Your credit rating can help or hinder your ability to get a loan, get a lease as a tenant or even get hired for a job. Each inquiry made by a lender, landlord or employer can reduce your credit score, so it is best to […]
Lessons from Celebrities: Bankruptcy Can Happen to Anyone
It may sound ironic, but earning millions of dollars or having celebrity status is no guarantee against the risk of indebtedness. Musicians, movie stars, models, athletes, and business executives across different industries have overspent, mortgaged and whittled away millions of dollars. How is it possible for any millionaire to end up spending more than they […]
Protecting Yourself Against Identity Theft and Fraud
(or how not to lose money through others ways than your smartphone) Identity theft and fraud of another person (living or dead) is rampant and growing in Canada. In 2014 alone, the Canadian Anti-Fraud Centre received 40,986 complaints, of which 13,690 were victims losing a total of nearly $69 million, up $4 million from the […]
How Money Personalities Can Create Relationship and Financial Stress
A couple’s relationship is shaped by love and mutual understanding, but handling money is also one of the components the relationship is comprised of. More separations are driven by money problems than any other factor, including conflicts about parenting, sexual relations, time apart, household responsibilities, family and/or friends, irritating habits and unmet expectations. Psychologists say […]
How to Survive Financially when You’ve Lost Your Job
Losing a job can happen to anyone at any time. Job insecurity is more of the norm these days than job security. The resulting stress can be tremendous even in circumstances where the layoff was inevitable or occurred for reasons outside of your control. Job layoffs are usually not a surprise. Managers information, internal notices […]
Starting Your Marriage on the Right Foot Financially
Getting married is a huge commitment emotionally and financially. So having the ‘money talk’ in a serious relationship is a necessary step before any marriage plans. You want it to start out right so you can build a solid future together. You also need to know if your potential partner is wise and truthful about […]
Canadian Seniors in Debt: How It Happens & What To Do About It
There are numerous seniors in Canada today in financial crisis. Although seniors were typically the most stable age group financially, more older Canadians are finding themselves in debt. A study by the Vanier Institute of the Family showed that almost 43 per cent of seniors aged 55 to 64 were in debt in 2012, compared […]
Some Tips on How To Spend Without Going into Debt
If you have personal debt (e.g., credit cards, loans) that you can’t seem to pay down, you need to start living differently by cutting back on your spending or obtaining extra income. It may be hard to do but essential. You don’t need to deprive yourself of the things you love but you cannot pay […]
What is Discretionary Spending and Why is it Significant?
Every adult needs to have an income; it is your incoming funds that pay for your outgoing expenses. Your expenses will be either obligatory or optional. To avoid becoming overwhelmed by future debt, it is important to realize that your incoming funds, usually from your job/career, investments, inheritance, etc. can all vaporize quickly if you […]
