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?
Good and Bad Debt – What’s the Difference? There is an abundance of coverage in the news these days about how Canadian household debt has climbed steadily in recent years and hit record levels, fueled by mortgages and low interest rates. While debt is generally perceived as bad, some debt is necessary and if well … Continue reading Good and Bad Debt – What’s the Difference?
Emergency Funds—An Important Part of Financial Planning How long would your current savings last in an emergency? What if you suddenly lose your job or face unexpected expenses, such as urgent home or car repairs? Maybe you want to make a career change, possibly to self-employment, and will experience a less stable financial situation for … Continue reading Emergency Funds—An Important Part of Financial Planning
Canadian households are carrying more debt today than ever before. According to a Statistics Canada study beginning in the early 90s, the amount of household debt has risen consistently. In fact, by 2012, 71% of Canadian families were living with debt; mortgage and consumer debt including credit cards, lines of credit and other loans. If … Continue reading Debt consolidation services: is this the right debt help for you?
How to Repay your Ontario Student Assistance Program (OSAP) Congratulations graduate!!! You’re finally finished with exams, study sessions, and all-nighters fueled by bad coffee. As you embark on this new phase of your life, where will the journey take you; an exciting new job? Time off to relax and travel? Perhaps you’re not sure of … Continue reading How to Repay your Ontario Student Assistance Program