Monthly Archives: May 2010

Stuff happens.  Your car breaks down.  You have to take a trip for a funeral to another city.  Your child needs money for a school trip.  How can you cover unexpected expenses? First, make a budget and do your best to expect the unexpected.  You  may not know exactly when… Read more

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… Read more

A debt consolidation loan is a loan you get to pay off other debts.  If you owe balances on three different credit cards, a debt consolidation loan combines all of your credit card balances into one loan, so you only have one monthly payment.  That’s great if it reduces the… Read more

Did you get a tax refund this year, or are you expecting one? Most people who get a tax refund immediately spend it.  They consider it to be like a windfall: free money.  It’s not.  The only reason you got a tax refund is because you paid too much tax… Read more

Before you decide whether or not to sell your home, ask a real estate agent to give you a home appraisal, or a written comparative market assessment.  Ask them to provide you with comparable homes in your area that have sold recently, so that you get an accurate idea of… Read more