Debt Solutions Blog

The average Canadian is quite capable of managing their debt, especially when that debt carries a low interest rate. For those who are in severe amounts of debt though, debt management becomes a case of crisis management. Unfortunately, the inevitable stress doesn’t always lead to the best financial decisions, often… 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

There are people out there who believe that they don’t need a budget. So you have no income and no expenses then? Or is it that you’re so good with numbers in your head that it’s not worth your time to write them down? Or maybe you make so much… 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

This is a guest post by the experts at Ratehub.ca When you need money to consolidate debt or renovate debt, sometimes a home equity line of credit (HELOC) can come in handy. A HELOC is a loan that’s secured by the equity in your home. The equity refers to the… Read more

If your financial situation is less than awesome right now, then financial independence might feel like an impossible dream. However, it’s worth remembering that there are plenty of people out there who have taken themselves from the depths of financial despair to the height of financial success. If they’ve done… Read more

Why are some folks so bad with money? You know the people I mean: your sister who simply can’t walk past a sale; your mate who thinks that carrying debt around is okay because everyone does it; your best friend who believes that saving for retirement comes after buying a… Read more

There are basically two schools of thought in the personal finance world when it comes to budgets. School number one Touts traditional budgeting. That is, using spreadsheets, or envelopes, or jars, or paper cups, or shoeboxes, or old coffee cans, or old rubber boots to divide up and allocate how much… Read more

If you are dealing with tax problems, one way to deal with Canada Revenue Agency (CRA) is with a consumer proposal filed through a Licensed Insolvency Trustee. CRA will not accept a negotiated settlement arranged directly between a taxpayer and Canada Revenue Agency for less than the full tax balance… Read more

The new year is just around the corner so let’s review, shall we? Going into debt is often a choice. We make the choice when we buy something we can’t afford to pay for. Every time we don’t bother to check to see if we have enough money in the… Read more