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Christmas Spending Tips

November 19th, 2013

The holiday season is upon us.   It is supposed to be “the most wonderful time of the year”, but unfortunately, many people find themselves overwhelmed with stress at this time of year.  Christmas has become a very commercial holiday and the  “spend”  message is heard from retailers more at this time of year than any…Read more >

The True Cost of Credit Card Debt

November 19th, 2013

We all know that if you use a credit card you should pay it off in full each month.  However, the reality is that millions of people use their credit cards to finance purchases and repay them over the course of time.  The idea of purchasing a $2,800.00 television for less than $60.00 per month…Read more >

Improving Your Credit Score

November 19th, 2013

A credit report is a summary of your credit history.  There are two major report reporting agencies in Canada: Equifax and TransUnion.  The report contains factual information on your credit use and also personal information such as your address, employer and public records (such as judgements or bankruptcies). Your credit score is a number between…Read more >

The Value of Talking to a Debt Professional

July 26th, 2013

I recently received a call asking if we accept referrals .  Easy – of course .  However, my answer ended up being no.   I determined that this company was charging someone an upfront fee of $500.00 to refer them to a trustee because their debt management/ credit counselling program was not suitable.  This person was…Read more >

Spending Plans – A Roadmap to Financial Stability

May 31st, 2013

Would you jump in your car and head towards BC without referring to a map?  Would you build a house without plans?  Probably not!  Then why would you spend money without a plan. For many people, the idea of developing a spending plan is overwhelming.  A spending plan is simply a way to allocate money…Read more >

Telco’s to Start Reporting to Credit Bureau

May 10th, 2013

Starting on Wednesday May 8, 2013 Equifax began reporting telecommunication (Telco’s) companies’ trade lines on your credit bureau reports (Bell, Rogers, Telus etc.). While all Equifax account holders nationwide will have these trades reported on their bureaus by August 1st, some lenders are having these reported to them now. Important Notes While the Telco’s will…Read more >

Easter Savings Tips

March 28th, 2013

Easter is just around the corner.  For those who have left it to the last minute, here are some Easter savings tips. 1/ Buy candy in bulk instead of the individual pre-wrapped candy.  Not only will you save on cost, you will produce less waste. 2/ Make homemade Easter treats 3/ Don’t buy the expensive…Read more >

Wants Vs Needs

March 19th, 2013

“Need” – something essential for survival “Want” – something  beyond a need that makes life more comfortable or convenient   Determining what is a “need” and what is a “want” is important in looking at spending habits.  Making small changes in spending habits can result in a big difference.   There are only a few basic…Read more >

Record High Canadian Debt Levels

March 8th, 2013

In the last quarter of 2012, Canadian’s debt loads rose to their highest levels in 8 years according to TransUnion (which is when they started tracking it).  The average consumer’s total debt load, excluding mortgages, rose to $27,485.00. The Bank of Canada Governor Mark Carney and other policy makers have been warning consumers that these…Read more >

Where Does My Money Go?

January 24th, 2013

When people are encountering financial difficulties, often they do not know what steps to take to resolve them.  Each month we will look at ways to help you improve your financial situation. If money is short, the first step people often think of is to make a budget.  This is not a bad idea, however,…Read more >