Student loans are often an unavoidable expense that comes with attending post-secondary school in Canada. Post-secondary education programs can cost anywhere from a couple thousand to $50,000+ by the time you graduate.  It’s a large sum of money that most students don’t have on hand. In 2023, over 566,000 students in Canada received loans through...Continue reading

Not making payments toward your debts can lead to serious consequences. The longer a debt goes unpaid, the more it grows as interest and late fees accumulate. You’ll also notice a gradual drop in your credit score as well. However, being unemployed can make managing these debts go from difficult to impossible. That’s why we’ve...Continue reading

When facing unbeatable debts, it’s not a bad idea to reach out to a debt relief company. A debt help professional can help you explore your options for repayment, such as debt consolidation, consumer proposals, and debt management plans.  However, it can be difficult to know who to trust when it comes to debt solutions....Continue reading

  When it comes to our finances, most of us could use a little more education. To help shed some light on the subject, let’s discuss financial literacy and debt management. We’ll talk about what these concepts mean, and why they are valuable in terms of financial planning. Also, we’ll also provide tips for improving...Continue reading

Your Survival plan – When your payments exceed your income. Let’s not beat around the bush, these are scary and stressful times. Remaining physically healthy is the priority — and thankfully, most of us seem to be achieving that.  However, very few of us can say our current or future financial situation is a healthy...Continue reading

  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

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 better...Continue reading

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

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

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