Debt Solutions Blog

If your financial situation is less than awesome right now, then financial independence might feel like an impossible dream. However, it’s worth remembering that there are plenty of people out there who have taken themselves from the depths of financial despair to the height of financial success. If they’ve done… Read more

Why are some folks so bad with money? You know the people I mean: your sister who simply can’t walk past a sale; your mate who thinks that carrying debt around is okay because everyone does it; your best friend who believes that saving for retirement comes after buying a… Read more

There are basically two schools of thought in the personal finance world when it comes to budgets. School number one Touts traditional budgeting. That is, using spreadsheets, or envelopes, or jars, or paper cups, or shoeboxes, or old coffee cans, or old rubber boots to divide up and allocate how much… Read more

If you are dealing with tax problems, one way to deal with Canada Revenue Agency (CRA) is with a consumer proposal filed through a Licensed Insolvency Trustee. CRA will not accept a negotiated settlement arranged directly between a taxpayer and Canada Revenue Agency for less than the full tax balance… Read more

The new year is just around the corner so let’s review, shall we? Going into debt is often a choice. We make the choice when we buy something we can’t afford to pay for. Every time we don’t bother to check to see if we have enough money in the… Read more

A recent news article suggests that more Canadian’s are buying luxury cars these days than ever before and that many of them may find themselves in “over their heads.”   The article suggests that part of the reason for this is what they call the Wealth Effect, people thinking they are wealthier… Read more

“Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe It’s easy to get derailed in the process of managing your money wisely.  Here are five tips to help boost your chances of financial success. 1. Make it a habit Science has proven… Read more

As I’ve said before, managing money and building wealth isn’t rocket science; it’s pocket science. If you don’t spend the time and energy to look after your money, your finances can run a little ‘wild’. What you need to stay on course is a solid money plan. The best systems out there are the… Read more

People equate financial freedom with being rich. Such a shame. All those people who will never be rich — folks like me who have to work hard for every red cent we make — longing for a goal that’s unattainable. What exactly is “rich” anyway? Ask a hundred people how… Read more

“Money is always eager and ready to work for anyone who is ready to employ it.” Idowu Koyenikan I rarely meet people who are happy with their financial situation. I think this is partly because no one really knows what they “should” be spending and/or saving in order to create… Read more