Yearly Archives: 2014

“Without struggle, no progress and no result. Every breaking of habit produces a change in the machine.” – George Gurdjieff We live in a society that, not only encourages us to spend but which also makes it really easy for us to spend money we haven’t even earned yet. When… Read more

While many criticize the lack of financial literacy in our schools or the shortage of unbiased advice from financial experts, the truth is there is a lot of free and useful information available on the internet to help you manage your money better and hopefully pay down debt. The trick is finding… Read more

Whether you are refinancing, consolidating your debt or looking for a new loan, there are many credit products in the market today to choose from. Like any loan, debt consolidation loans can differ in terms of interest rates, fees, payment schedules and flexibility. What type of debt consolidation product you choose will depend upon… Read more

Running up balances on your credit card over the holidays is something most Canadians face. However if you can’t pay those balances off in full after the season is over, you will find the cost of your Christmas purchases can almost triple. Our infographic outlines the true cost of using… Read more

Credit counselling is a very good alternative to dealing with debt problems. If you have a modest amount of debt, with very few creditors credit counselling, through a debt management plan, provides you with a voluntary program to pay off debt sooner. But how do you know if it’s the… Read more

Choosing which car you want to drive is not the only difficult decision to make when you are in the market for a new vehicle. Just as confusing can be the choice between leasing or buying. It’s important to look beyond the monthly payment, and understand exactly how each of… Read more

Can you imagine how great it would feel to never having to worry about money? Some people think that means having so much money that you can buy whatever you want whenever you want it.  If that were so, why would people who inherit money or win the lottery often… Read more

It doesn’t happen often, but people as young as 18 have had to file bankruptcy in Canada. On average, about 12% of all insolvencies (both bankruptcies and consumer proposals) are filed by people between the ages of 18 and 29. And the truth is, it doesn’t take much debt to tip… Read more

I was chatting casually with a neighbour recently about how their grandchildren were visiting for the summer and the conversation turned to how proud they were that they were helping teach their grand-kids (one boy and one girl) about debt. A little background as to why this is such an… Read more

One of the money solutions all financial advisors sometimes refer to is debt consolidation.  For those unfamiliar with the term, it means taking out a new loan (or line of credit) that is large enough to pay off all of your existing borrowing.  The reason you might do this is two… Read more