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Wants Vs Needs
Dec 16, 2021 | Budgeting Tips/Finance 101
Wants Vs Needs “Need” – something essential for survival “Want” – something beyond a need that makes life more comfortable or convenient Determining what is a “need” and what is a “want” is important in looking at spending habits. Making small changes in spending...
The Value of Talking to a Debt Professional
Dec 16, 2021 | Licensed Insolvency Trustee Facts
The Value of talking to a debt professional I recently received a call asking if we accept referrals . Easy – of course . However, my answer ended up being no. I determined that this company was charging someone an upfront fee of $500.00 to refer them to a trustee...
Improving Your Credit Score
Dec 16, 2021 | Budgeting Tips/Finance 101
Improving Your Credit Score A credit report is a summary of your credit history. There are two major report reporting agencies in Canada: Equifax and TransUnion. The report contains factual information on your credit use and also personal information such as your...
The True Cost of Credit Card Debt
Dec 16, 2021 | Debt Relief & Education
The True Cost of Credit Card Debt We all know that if you use a credit card you should pay it off in full each month. However, the reality is that millions of people use their credit cards to finance purchases and repay them over the course of time. The idea of...
Christmas Spending Tips
Dec 16, 2021 | Budgeting Tips/Finance 101
Christmas Spending Tips The holiday season is upon us. It is supposed to be “the most wonderful time of the year”, but unfortunately, many people find themselves overwhelmed with stress at this time of year. Christmas has become a very commercial holiday and the...
Good Debt Versus Bad Debt
Dec 16, 2021 | Debt Relief & Education
GOOD DEBT VERSUS BAD DEBT Not all debt is created equal – and not all debt is bad. In fact, you need some debt to establish a good credit rating. Being a responsible borrower means knowing which types of debt can help you reach your financial goals and which types...
Difficulty with Student Loan Debt
Dec 16, 2021 | Debt Relief & Education
People head off to post-secondary education with high hopes for their future. That education comes with a significant price tag. The average student loan debt upon graduation is stated to be $26,000. In my experience, I regularly see people with significantly more...
Tips for Turning Your Finances Around
Dec 16, 2021 | Budgeting Tips/Finance 101
As we find our ourselves in a new year, it is a good opportunity to look at ways to get your finances on track for the year. Challenge everything Review your monthly expenses and consider every one of the individually to think about if it is something you really need....
Cost of Credit Card Debt
Dec 16, 2021 | Debt Relief & Education
All the brightly coloured decorations from Christmas have been put away, but for many people a less than pleasant reminder of Christmas will soon be arriving in the mail – their credit card bill. Some people will be ready to pay the bill off in full when it arrives,...
Making a Budget
Dec 16, 2021 | Budgeting Tips/Finance 101
Having a budget is important for everyone regardless of income. The reasons that a budget is important may be different for those with a modest income vs. high income earners – but the fact remains that budgeting should be part of everyone’s routine. Why Bother?In...