Author Archives: Meg Penstone

Meg Penstone

About Meg Penstone

Meg has over 20 years of experience working with individuals and couples experiencing financial difficulty. Meg is a Credit Counsellor and Client Service Specialist working for Hoyes, Michalos & Associates out of their Kitchener and Guelph offices.

Credit card rewards programs can provide us with a nice bonus when used carefully. The downside is they can often tempt us to overspend and any bonus that we get can be quickly erased. Another point to keep in mind is that if you can’t pay the balance in full,… Read more

If you’re like many people, a mortgage is the biggest financial commitment you will make in your life. Because it is such a big obligation, it is important to understand how mortgages work. Let’s start by looking at the concept of amortization. Mortgage amortization refers the length of time it… 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

February is often known as the month of romance.  Mid-February is marked by Valentine’s Day, a day of symbolic gestures of love.  And while it is great to have a day of romance, flowers and chocolate may be less helpful to a relationship than sustainable strategies around everyday issues such… Read more