If it’s been a long time since your finances have seen anything but red, you’re not alone. In 2009, the Certified General Accountants Association of Canada released a shocking report on the state of finances in Canada. According to the report, Canadians have reached an all-time debt high of $1.3 trillion dollars. At the time [...]
If you think you make too little money to be able to save, think again. Lots of studies show that it’s all about the attitude. One big reason many of us don’t save is that we’ve never really been taught to think about putting money in the bank-only spending it. Sometimes we’re just clued out [...]
Hiccups in our financial world shouldn’t bring our proverbially house tumbling down. Too often, though, they do. And it’s only because we’ve fallen into some pretty bad habits that, when our finances encounter a rough spot, it wreaks havoc in our lives. Here are five financial missteps to avoid to help keep your financial house [...]
There is a difference in the kinds of debt we carry, so if you find yourself discouraged about all the payments you seem to be making to loans, lines of credit, mortgages or others, consider what kind of debt you are really carrying. You may discover that you have a number of good debts, and [...]
I think it’s safe to say that we have all made some costly financial errors during our lifetimes. Some may have been minor errors of bad judgement like lending money to friends or family. Others may have been larger lessons such as maxing out a credit card in one unfortunate shopping marathon.
If it seems like a long, long way out of the black hole of your debt load, then this article is for you. Check out the questions here. If you answer yes to even some of them, your debt load may be out of control.
So, did the movie “Repo Men” have you cringing in your seat, protectively clutching your vital inner organs? Leave the movie still holding your sweaty bag of uneaten popcorn? Did it put debt management into a whole new perspective for you? Well, if bad debt, lousy credit, and overdue credit card payments have you worrying [...]