Debt Solutions Blog

There’s no one right way to handle money in a remarriage. But since you can’t escape responsibility for your partner’s decisions, you better talk about it. Some couples maintain separate savings and chequing accounts, paying for their own personal and children’s expenses and sharing the costs of running the household…. Read more

Earlier this year Licensed Insolvency firm Hoyes, Michalos & Associates Inc. published their fifth biennial Joe Debtor study, which looks at the different faces of debt. We analyzed their different risk groups, and found that millennials are increasingly turning to insolvency to deal with their debts. From their 2015-2016 study, millennials (ages… Read more

Is it possible to have a mortgage that is simply too large? Here is the conventional wisdom: Buy as big a house as you can afford, because long-term house prices always go up, so you can’t lose. or It’s okay to take out a bigger mortgage to increase your leverage,… Read more

I’m going to let you in on a little secret. I love weddings. I’ve been to a lot of weddings. Defying all odds, I even found someone willing to marry me. The Big Day There’s really no other occasion that compares with the pure joy and optimism of a wedding…. Read more

Sometimes buying is the only way to go: think toothbrushes and underwear. But for just about everything else there’s a rental option that could let you try before you buy. So when does it make sense to rent, and when does it make sense to buy? More For Your Money… Read more

When people set goals and set out to achieve them, they’re often discouraged by the obstacles they encounter along the way. It would be nice if making the decision to do the “right thing” guaranteed us a simple and speedy passage to our end goal. But, life doesn’t work that… Read more

Buying a home is the single largest financial investment most of us take in our life. Over the past number of years, we have becoming very used to low mortgage rates. Some younger Canadians know nothing but low rates, but low rates haven’t always been the norm. Remember the 80’s?… Read more

When my wife and I bought our house in the summer of 2001 it was in pretty good shape. the only things that needed updating were the kitchen sink (which was indescribably ugly), and the upstairs bathroom which was functional, but also in no danger of winning any beauty awards…. Read more

Good judgement comes from experience, a lot of which comes from bad judgement. We all know too much debt is not a good thing, but debt management is not necessarily a skill we all possess. It’s not like you set out with the objective of borrowing more than you can… Read more

This is a guest post by the experts at Ratehub.ca It’s important to save money, but it also helps if you save in a way that minimizes your tax burden. The less you pay in tax, the more you get to keep for yourself. Fortunately, the government has created two… Read more