As a reader of this site (along with many average Canadians), there is a good chance you are working on getting rid of some debt. As you responsibly rid yourself of the red section of your financial spreadsheet, here are some killer habits to avoid. While there are many out there, here are the top…
Do you have issues with personal debt? Well, you are definitely not alone. Average personal debt in Canada is on the rise – going up five percent over the past three months than the same period last year. This was reported by CBC at the beginning of this month. Canadians are spending more, and letting…
Ok – welcome to your summer! This year is going to be different when it comes to your credit cards. If you’re anything like me, sometimes you need a little kick in the rear end to get motivated with savings and debt reduction. Consider this that kick! Here are 4 great rules for credit card…
An important part of overcoming debt, is knowing what you’re up against. It’s easy to shut your eyes and ignore the bills that are piling up – but that’s just not going to help you get out of debt. That’s only going to add more interest to the pile. While it might hurt initially, here…
Earlier this year the government made some changes to the disclosures credit card companies need to make on the statements you get in the mail every month. The changes force creditors to talk about how long it will take you to get out of debt just by making the minimum monthly payments. Something they have…
If you are already carrying a large balance on your credit cards then just making the minimum monthly payments could take you a lifetime to be debt free. Here’s why; flip over your credit card statement. The government requires credit card companies to disclose certain details to the consumer; one of those details is how…
