Posts tagged as:

debt

Good Debt and Bad Debt: Is there a difference?

by Moneyproblems TipsFri May 21, 2010 Financial Tune Up

Traditionally “good debt” is money you borrow to purchase something of lasting value.  A house mortgage is thought to be “good debt”, because your house will increase in value.  Borrowing to contribute to an RRSP may also be good debt.
“Bad debt” would include all other types of borrowing, such as borrowing to go on a [...]

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Don’t Pay A Cent Can Be Very Expensive

by Moneyproblems TipsWed Feb 24, 2010 Money Saving Tips

Many retailers offer “don’t pay a cent” promotions, where you get the product today, but don’t have to pay for six months, or a year, or longer.  Sounds like a great way to get what you want today, but not pay for it until later, right?
Maybe.  If you are sure you will have the money [...]

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Prioritize Your Debts: Pay Off High Interest Rate Debts First

by Moneyproblems TipsThu Dec 31, 2009 Money Saving Tips

If you spend less than you make you will gradually accumulate cash. For most people, any extra cash they make simply goes towards repaying their debts. But how do I know what debts to repay first?
Today’s Tip: Make a New Year’s Resolution to prioritize your debts for repayment. Here’s a quiz for you:
John [...]

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