It’s no secret that debt can be a huge burden. Debt can keep you from reaching your goals and achieving financial freedom. In this blog post, we will discuss some of the most common mistakes people make when trying to pay off their debt. We’ll also provide tips on how to avoid these mistakes and … Continue reading Common Mistakes People Make Paying Off Debt and How to Avoid Them
As I wrote previously, the Financial Consumer Agency of Canada (FCAC) was established in 2001 by Financial Consumer Agency of Canada Act to: “ensure that financial institutions, external complaints bodies and payment card network operators are supervised by an agency of the Government of Canada so as to contribute to the protection of consumers of … Continue reading The FCAC – a finger in the dam?
With the temperatures now dipping, winter is on its way and that means ‘tis soon the season for big cozy sweaters, holiday sweets and, for many of us, sunny trips down south to swap our snow suits for bathing suits. Whether you’re planning to head south to an all-inclusive resort or planning ahead for … Continue reading How to Go on Vacation Without Going into Debt
At some time in our lives, most of us will need to borrow money. Whether to pursue higher education, purchase a home or a car, or start a business, there are times where you simply won’t have enough cash flow to fund a purchase without taking on debt. When a loan helps you to … Continue reading Important Questions to Ask Yourself Before You Borrow Money
Although Canadians are carrying fewer credit cards, they’re carrying increasingly higher balances, according to a survey conducted by TransUnion. More alarming, consumers seem to be more focused on the points they are earning rather than the interest they are racking up. Credit cards are an important way to build credit history, they can be useful … Continue reading How Many Credit Cards are Too Many?