When it comes to debt reduction, you want to be at the top of your game. There are many different ideas when it comes to debt reduction, but the best thing to do is think cool. You don’t need a fancy strategy, and debt consolidation isn’t necessary. Instead, there are 3 methods of debt reduction, [...]
Tag Archives: Debt
Paying Down Debt: One of the Best Investments in Your Future
When many of us think of investments, we think of stocks and bonds, and other “traditional” investments. However, few of us think of paying down debt as an investment in future financial success. This is a mistake. One of the best things you can do for yourself is to pay down debt — especially high [...]
Could Canada Be Facing Its Own Housing Bubble?
We’ve all seen the devastating effects of the housing market bubble on the US economy. And, for years, we in Canada have kind of looked down on the United States for the loose lending standards and high level of household debt. However, Canadians may not have much to crow about soon. Canadians have surpassed Americans [...]
Canadian Household Debt Swells Beyond U.S. Household Debt
You know you have a debt problem when your country’s household debt moves beyond the debt held by households in the United States. Unfortunately, according to the Globe and Mail, that’s what has happened in Canada. Canadians have set a new record for household debt levels, and the current levels surpass what is seen right [...]
Eurozone Woes Cross the Atlantic to Sink TSX
Many people look at what’s happening across the Atlantic and wonder why eurozone troubles would bother the rest of the world. While it seems as though Canada should be fine without worrying about the eurozone, though, the global markets don’t work like that. This morning, as the eurozone bailout plan began to fall apart, the [...]
What Would You Sell to Get Out of Debt?
Do you want to get out of debt? What are you willing to do to dig yourself out of that hole? That’s a question that many have asked. You might be willing to sell your favourite motor bike, or have a garage sale and get rid of some of your sporting equipment or collectibles. You [...]
Understanding the Difference between Secured and Unsecured Debt
When it comes to debt, it is important to understand the difference between secured debt and unsecured debt. There are many financial myths surrounding different areas of money, and it is important to recognize that not all debt is the same — and not all debt has to be repaid the same way. Secured Debt [...]
Will You Be in Debt Longer Than You Think?
Many Canadians are optimistic about when they will be out of debt, but the numbers might tell a different story. A poll issued today by CIBC indicates that Canadians carry debt for longer than they expect, in spite of predictions that they will be out of debt by the age of 55. Carrying Debt Into [...]
Debt Pay Down Strategies: Consolidation
When it comes to paying down debt, you need a good strategy. Without a plan, your efforts to pay off debt can fall flat, and it can take quite a long time to realize your goal of getting rid of debt. One of the strategies that you can employ to pay off your debt is [...]
Divorce and Debt: Who Has to Pay?
Two of the most difficult financial situations that you are likely to face include debt and divorce. When the two are combined, it can become quite difficult to keep perspective. When it comes time to divorce, it is apparent that the division of debt — and who is responsible for it — is a big [...]
-
Credit Card Review: Platinum Plus MasterCard from MBNA
-
Personalise Your Credit Card with Your Favourite Hockey Team
-
Have You Thought about a TFSA?
-
3 Cool Ways to Reduce Your Debt Faster
-
Canadian Debt – Your Tax Dollars at Work [Infographic]
- How to cure Retirement Anxiety
-
7 Tricks I Use to Get More For Le$$
-
Highly Applicable Tips for Personal Finance Management
-
5 Golden Rules of Money Management: A how-to guide for passing the financial torch
-
Write a blog post – get paid $1000
-
Farhaneh Haque: Excellent read - I find that people are sometimes ...
-
-
Janet Hutchins: Here are some resources to help you access your cr...
-
Theresa: I think the new money feels weird. but is kinda co...
-
Barry TSP: I'd like to know where I can check my credit repor...