Everything you need to know about OSAP and SLOC


The least exciting thing about going off to post-secondary is planning how you are going to pay for it. While there are many options out there to pay for post-secondary, the most popular ways are either OSAP or a Student Line of Credit. OSAP (Ontario Stud...

How not to go broke planning a wedding?


Pop that champagne, you're getting married! Congratulations on your engagement! After announcing the big news to friends and family, it’s time to start planning for your big day. That means creating a wedding budget and putting those plans into action. It...

How to budget for Post Secondary Education


Figuring out your finances for post-secondary can be an extremely stressful time for many students due to the costs of tuition. For many students this will be their first time on their own so having a budget tailored to them can cut stress and overspendin...

Back to School Saving Tips


Back to school time is usually a stressful yet exciting time for parents and children alike, filled with new school supplies for the hopeful new school year. This year is beginning to look a little different with many schools switching to online learning ...

Let’s talk about budgeting


Let’s talk about budgeting, more so how to budget during a recession. I know what you’re thinking: budgeting and recession are two dirty words we don’t want to think about, but now more than ever we need to face them. Everyone should be budgeting no matte...

Fear of Missing Out (FOMO) & Debt


The fear of missing out (FOMO) is massive now. A new Credit Karma survey of 1,050 Canadians aged 19-39 shows half of young adults have spent money they didn't have and gone into debt in order to keep up with their peers. While 35% said they didn’t feel co...

Holiday activities that cost (almost) nothing


This Monday is a Civic Holiday in Ontario, which means for most an extra day to relax and a four-day week ahead of us. While this should be something to look forward to, it can be a cause of stress to some as they plan ways to spend it. Occasionally this ...

Ottawa Summer Staycation


Ottawa Summer Staycation Summer is here in full blast with heat waves and summer sun! But with Covid-19, summer travels aren’t happening this year. So, to beat those stay at home blues we have created the best Ottawa staycation guide to fun, sun and soci...

Financial wellness and what it really looks like


In this era of practicing self care it seems we often forget how important financial self care really is. I don’t mean in the sense of treating yourself to something material, but the stress relief associated with beginning to understand your finances. Th...

Talking Finances with Family


Money and stress go hand in hand and there are countless statistics to prove it. So why is talking about money with family and loved ones such a taboo topic? Today (and every day) we are going to bridge that gap so talking about money becomes a normal and...

The tax deadline is quickly approaching


The tax deadline is quickly approaching, which if you didn’t know, is June 1st, (how are we almost in June?!) which is why we decided to put together our best tax tips for getting them done with ease along with free software to make the job that much easi...

COVID-19 in Canada How to Manage Your Finances in Uncertain Times


COVID-19 in Canada: How to Manage Your Finances in Uncertain Times Many Canadians are facing uncertainty as the effects of the COVID-19 pandemic changes our ability to work, pay our bills, keep a roof over our heads and put food on the table. As businesse...

Plan a Wedding on a Budget: 7 things to Consider, plus 18 ways to save!


According to TheKnot.com, the average couple spends $29,450 on their wedding. Even attending a wedding typically costs $888 while members of the wedding party can expect to pay well over $1000 to be a part of the big day. Given the high cost of the celebr...

How to Deal with the Christmas Spending Hangover


If you’re like most Canadians, Christmas is a time for spending. In addition to gifts, there’s travel, holiday parties, Christmas baking, and other expenses that seem to creep up seemingly out of nowhere. Most people don’t have a budget for the holidays, ...

Christmas Budget Tips


4 Ways to Afford the Holidays in 2019 The holidays are coming up quickly, and while for most people this is a time of year that brings joy, it can also cause anxiety for those struggling financially. According to a report by Manulife Financial, 60% of Can...

Your Credit Report and Credit Score Explained


Everyone has one – a credit report, and a resulting score. From the time a Canadian consumer turns 18, credit becomes a very important number that has a huge effect on their life. You need credit for leases like homes or vehicles, or to apply for a mortga...

12 Ways to Save on Back to School Shopping


It may come as a shock that Canadian families spend more on back to school than Christmas. An Angus Reid poll of more than 1,400 Canadians shows that 76% of moms say that back to school shopping puts a strain on finances, and 40% say it will take months t...

How to Deal with Tax Debt


If you’re feeling overwhelmed by outstanding tax debts, you aren’t alone. In 2018, Canadians owed $43.8 billion in outstanding tax debt to the Canada Revenue Agency. The CRA has been working hard to collect the debt from Canadians, and the CRA’S ability t...

5 Reasons Why You are In Debt


It is July 31, 2019 and today the United States Federal Reserve dropped the US interest rate by .25%. To quote financial guru Gerald Celente: “Across the globe, central banks are pushing interest rates lower and governments are going deeper in debt as the...

Tips on Pension Garnishment for Seniors in Debt


If you’re a senior in debt, you’re not alone. According to a survey, the average Canadian senior carried $29,973 in debt and 30% of Canadians aged 55-70 were still working because they needed to. The Financial Planning Standards Council Foundation found t...

Quebec Residents Hit With Credit Card Minimum Payment Hike


Mandatory Minimum Credit Card Payments in Quebec Are Going Up! Could this also happen in other provinces? Here’s what you need to know: On August 1, 2019, Quebec residents will be required to pay  at least 2% of the balance owing on their credit cards. ...

What You Need To Know About Home Equity Lines of Credit (HELOC)


A home equity line of credit (HELOC) has become a popular way for Canadian consumers to access additional credit at a low interest rate; but with fluctuating real estate markets they can be a riskier option than people realize. Flexible repayment plans an...

Why You Should Be Concerned About Not-For-Profit Credit Counselling


As an organization dedicated to helping people, we often refer clients to a solution that may be outside of the services of Doyle Salewski. For a number of years, we’ve worked with not-for-profit credit counsellors and/or registered charities in partnersh...

Debt & Divorce - How To Handle It


Finances have a huge impact on relationships and our findings show that debt stress can lead to a marital breakdown. Unfortunately, divorce is often costly in itself, and causes more conflict as assets, debts, and finances need to be separated. Aside from...

Money Issues in Marriage


After 20 years of helping people address their financial difficulties, we’ve seen a significant number of clients that have experienced marital breakup over money issues. While they may make the promise “for richer or for poorer”, finances are one of the ...