It’s beginning to cost a lot like Christmas! While it is lovely to give and receive gifts, it can put a strain on anyone’s budget, especially this year. At the same time, it’s getting late to save for Christmas. You can avoid the holiday spending hangover with some strategic planning; here are six great ways …
Credit reports, credit scores, and everything associated with them can become overwhelming when figuring out fact and fiction. I can guarantee that my father still thinks some credit myths are facts because his father told him and so forth. Some are just so ingrained into us that it can be hard to know what is …
2020 has been a financial rollercoaster; with the ongoing global pandemic caused by COVID-19, Canadians have been affected in numerous ways. The most notable impact is how it has affected the financial circumstances of many Canadians. With growing unemployment rates, the Canadian government provided the Canadian Emergency Response Benefits (CERB) to support the employed and …
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.
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 to seize bank accounts, garnish wages, and put liens on property without going …
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 they shovel in more artificial stimulus to pump up equity markets and …
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 that while 56% of Canadians had debt; 35% of respondents were Canadians 80 or …
More Canadians are withdrawing from their RRSP’s to pay down their debts, but could they be saving more money? 40% of respondents polled by the Bank of Montreal (BMO) said they have made a withdrawal from their RRSP; the average withdrawal in 2017 was $20,952, almost 22 per cent more than the average amount of …
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 top reasons couples seek marital counseling or divorce. If you’re having arguments with your …
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 the direct impact to finances, the separation of households becomes expensive with moving …
