Category: Personal Finance

How to Discuss Money With Your Spouse & Children

Posted February 27, 2014 by CCC Staff in


According to a leading market study conducted by Ipsos Reid, eleven percent of Canadians (roughly one in ten) say that they don’t discuss financial problems with their spouse. In the same study, a significant portion of married Canadians (and Canadians in common-low relationships) indicated that they have relationship issues that directly stem from money problems.

Financial considerations influence nearly every aspect of our everyday lives — from where and how we work, to where we take our vacations, what we eat, and even how far we pursue our educations. That’s why it’s important to openly discuss money with not only your spouse, but also your children.

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Gen X and Y: Living In Financial Fantasy Land?

Posted February 18, 2014 by CCC Staff in

Thinking of the Future

Generation X and Y have financial expectations they aren’t supporting with their actions, according to a recent report by BMO Wealth Institute. Other studies have been hinting at this problem for awhile, but now we have the figures that show why – and how – consumers in these groups will have to change their ways if they want to fulfill their dreams of homeownership, funding their children’s college educations and living comfortably in the retirement years.

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Protect Yourself Against Identity Theft

Posted February 7, 2014 by CCC Staff in


The year 2013 offered several alarming reminders of how easy identity theft can be. Two national chain stores, Target and luxury retailer Neiman Marcus, saw their credit card networks suffer significant data breaches during the holiday season. The breaches affected 110 million Target customers and 1.1 million Neiman Marcus customers, all of whom had their information – including credit card numbers, PIN numbers, addresses, phone numbers and names – stolen.

Javelin Strategy, a consulting and research firm focused on the payments and financial services industries, reports that one out of every three data breach victims becomes a victim of identity fraud, up from one in four in 2012. The same report indicates that in 2013, there were 500,000 more identity fraud victims than during the previous year.

These latest big brand security breaches are important reminders that it is not always possible to keep your information safe from thieves. However, there are a number of measures you can take to make it more difficult for high tech criminals to steal your personal information.

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Bootstrapping Your Business With Credit: Pros & Cons

Posted January 24, 2014 by CCC Staff in

Bootstrapping with Credit Cards

All business start-ups will require some amount of capital to cover such things as electronic equipment, furniture and marketing materials. You can draw on your personal savings and loans from friends and family, but if that isn’t enough to get your business off the ground, credit cards may prove to be a useful means to obtain financing. Before accumulating credit card debt, it’s important to review some pros and cons, so let’s begin!

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8 Things To Discuss BEFORE Walking Down the Aisle

Posted August 15, 2013 by CCC Staff in


‘Tis the season of wedding registries, Best Man speeches and First Dances. Yes, summertime is definitely the season for weddings. An estimated 165,297 weddings will take place this year in Canada, with almost half of those couples saying ‘I do’ between July and September. Not surprisingly, August comes in as the most popular month for those blessed nuptials. About 82,000 are getting married this month alone.

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Should You Give Your Teen Your Credit Card?

Posted July 4, 2013 by CCC Staff in ,

Shop assistant

It seems innocent enough. Your teen needs some new clothes & you definitely don’t have the energy to watch them try on every latest fashion trend, so you hand them your credit card with clear and concise instructions, and watch them drive off into the sunset. Over the years your child has shown they are responsible and can be trusted with those secret 16 digits, so you have nothing to worry about. Or do you?

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