Category Archives: Debt Help Stories

There’s no one right way to handle money in a remarriage. But since you can’t escape responsibility for your partner’s decisions, you better talk about it. Some couples maintain separate savings and chequing accounts, paying for their own personal and children’s expenses and sharing the costs of running the household…. Read more

Earlier this year Licensed Insolvency firm Hoyes, Michalos & Associates Inc. published their fifth biennial Joe Debtor study, which looks at the different faces of debt. We analyzed their different risk groups, and found that millennials are increasingly turning to insolvency to deal with their debts. From their 2015-2016 study, millennials (ages… Read more

When my wife and I bought our house in the summer of 2001 it was in pretty good shape. the only things that needed updating were the kitchen sink (which was indescribably ugly), and the upstairs bathroom which was functional, but also in no danger of winning any beauty awards…. Read more

Friends has been a staple in our household for almost a decade. Those six kids can still make me laugh. Every time my daughter, Alex, needs a couple of hours of decompression, in goes a Friends DVD. Several years ago when Lisa Kudrow was on Ellen, they played the “What’s your… Read more

I’m a big fan of small houses. When I say small, I’m not talking about shoebox small, micro home small or even little pink houses (for you and me) small. I’m talking about what I like to call comfortably small, especially when compared to the 3,000 plus square feet McMansions… Read more

You’ve probably seen the ads: “0% interest for the first 12 months!” for a new credit card. Sounds too good to be true, right? These are ads for balance transfer credit cards, and it’s true, they do offer 0% interest for a promotional period (usually between six and 12 months)…. Read more

As recently as ten years ago, this issue seldom came up.  Now, we meet with people every week that need to understand what they can do to deal with their parent’s debt.  In most cases, the adult children that come in to see us have no idea how much their parents… Read more

2 jobs, 2 kids, 2 cars, RRSPs, RESPs, a house and a dog.  The Millers (not their real name) sound like the average Canadian family.  It sounds like they should have a pretty good life.  The problem is their debt.  They have a lot of it and it is not… Read more

In her recent post about finding ways to save money, financial literacy guru Gail Vaz-Oxlade talked about eating out less. Learning to cook doesn’t have to be a major undertaking. There are many tasty recipes that you can try that are simple to prepare, based on low cost, easy to… Read more

Once upon the time we Canadians were good savers. Yah, I know, it was about 30 years ago, but, gosh, why the free-fall into no-savings territory? Hey, maybe because… You’ve been spending more money than you make. Stop.  Carrying consumer debt means mortgaging your future income. Figure out a budget… Read more