Do you know what your credit score means? That number can have a bigger impact on your life than you might think. If you’re considering applying for a credit card, buying a car or taking out a mortgage, you might find yourself wondering exactly what is a bad credit score? Let’s take a look at those numbers and […]
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10 Tips for Seniors on How to Avoid Identity Theft
June is Senior’s Month, an annual initiative marked in New Brunswick, Newfoundland and Labrador, Prince Edward Island, Nunavut and Ontario to recognize and celebrate older adults. This year’s theme is “Stay Safe, Active and Connected”, making it an ideal time to shine a light on identity fraud and its impact on seniors. Fraud is the top […]
How to Teach Your Teenager About Money
The teenage years are crucial for many different factors that could affect long-term well-being, and finances are certainly one of them. Teaching teenagers how to manage money while they are young can provide countless benefits as they venture off into life on their own. There are many different strategies and techniques that you can use to […]
What is a Debt Management Plan?
When you’re in a lot of debt and you visit a non-profit credit counsellor, they may recommend a debt management plan. Simply put, a debt management plan is a plan to repay your debts in full over a period of time. Your credit counsellor will deal with all of your creditors on your behalf and […]
What You Need to Know About Summer Car Care
Summer is upon us once again, meaning it’s time for scenic road trips and long drives up to the cottage. Unfortunately, many Canadians neglect the most important part of any summer holiday: our car. A well-maintained car can not only save you future headaches, but a great deal of money as well! Let’s start with […]
3 Signs Debt Stress is Causing Health Problems
Debt can be caused by many things – from unexpected expenses to job losses to divorce. Regardless of the reason for your debt, it’s likely inevitable to cause some sort of stress in your life. According to the Financial Consumer Agency of Canada, 48 per cent of Canadians say they have lost sleep because of […]
How to Stay Safe Online During Fraud Prevention Month
Fraud can affect people from all walks of life, regardless of their age, race, education levels or economic background. Both individuals and businesses are commonly exposed to fraud and online scams during their daily routines, and many of us are guilty of giving away too much personal information to a stranger or posting it online. […]
What is Debt and Can it be Avoided?
What is debt? Debt is, put simply, any amount of money that you owe to someone. But can it be avoided? It depends on the specific situation of a person or family, and also on the social and economic circumstances at a certain time. Not everyone is lucky enough to be born millionaires or win […]
7 Tips for Sticking to Your New Year’s Financial Resolutions
Ah, those New Year’s Resolutions. Remember them? Sometimes it seems easier to lose 20 pounds than it does to get your debt under control and start budgeting. Have you made any progress with your resolutions? According to Business Insider, 80% of New Year’s Resolutions fail by the second week of February. Why? Primarily because people […]
Should You Talk to your Kids About Debt?
Many parents that find themselves struggling financially usually never mention debt in the presence of their children. But today’s kids are smarter than you think, and they can usually sense what’s going on at home. What they can’t understand is why. A study by the American Psychological Association found that only 18 per cent of […]
