Debt Solutions Blog

In our present-day culture, successful entrepreneurs are idolized. The Mark Zuckerbergs and Elon Musks of this world are looked up to by multiple generations. However, what is usually hidden from public view is the fact that many ultimately successful entrepreneurs had to struggle in the beginning with mounting piles of… Read more

Many Canadians are self-employed, running their own small business. In many cases they started the business using their credit cards or other personal resources to fund start up costs and initial expenses. It is not uncommon for the business to start slowly, whichcan can lead to debt trouble. Approximately 10%… Read more

“Do not save what is left after spending. Spend what is left after saving.” – Warren Buffet Whenever I sit down with people who are wrestling with debt, the question inevitably comes up: should I be saving or paying down debt? It’s a question that has been debated back and… Read more

I’m always fascinated (and constantly amazed) by the things some people will spend their hard earned money on. A couple of years ago, Maclean’s magazine featured an article entitled “Life With Help: How Did We Get So Useless?” The article discussed the growing trend towards outsourcing the things in our… Read more

This is a guest post by the experts at Ratehub.ca There are several milestones in life, but none as sweet as when your monthly expenses no longer deplete your bank account. Getting there is less about the amount of money you earn than about how well you manage expenses and… Read more

One of the mistakes some people make when they’re talking about debt is that they focus on moving away from something. But among those that know what really motivates us is the theory that it is easier to move towards a goal. Imagine you’re a circle sitting in the middle… Read more

If you understand how interest rates work on your credit card, you can make three simple adjustments to your credit card use (including how you make payments) that will help you pay off your credit card debt sooner. 1. If you carry a balance, stop using your card for new… Read more

To be perfectly honest, it’s all Gail Vaz-Oxlade’s fault. It was just before New Year’s Eve last year when Gail tweeted out a query about New Year’s resolutions versus financial goals. Because I have a bit of a butter tart problem (admission is the first step), I tweeted back that… Read more

“The goal isn’t more money. The goal is living life on your terms.” – Chris Brogan While we all know that saving makes sense, not enough of us are actually doing it. Ever since credit cards were introduced in the early 1980’s, the savings rate in Canada has steadily dropped…. Read more

You’ve been struggling with the challenge of meeting your monthly debt payments for a while now and have decided you want to deal with your debt but need a road map. Choosing the right debt relief option is a bit like hitting a traffic circle. Technically all roads will lead… Read more