When it comes to your finances, have you ever sat and thought, “Where have I gone wrong?” It’s never too late to evaluate your financial situation and get yourself back on track. But going through your finances is like making that New Year’s Resolution – you mean well, you’ll plan on doing it, but you […]
How to Pay Off Debt and Save at the Same Time
Over the last few years, more and more families and individuals have been facing serious financial hardships, which have often stood in the way of their efforts to pay off debt and save money at the same time. Fortunately, there are ways you can regain your financial independence and still manage to save up some money for an […]
Why You Need to Review Your Finances Amidst the COVID-19 Pandemic
As Canadians settle into their third week of lockdown, the uncertainty that looms around COVID-19 has everyone worried about their finances. School closures and state of emergency declarations have been extended, which means that people will be out of work longer as businesses continue to be closed. While some Canadians are fortunate to still be […]
Everything You Need to Know About COVID-19 and Your Finances
With every day that goes by, COVID-19 continues to evolve and change our lives and our world. There is no doubt that all Canadians will see their finances impacted by COVID-19. While the government is stepping in to support those in need, we must all do our due diligence and fully understand what these measures […]
Why You Should Think About Retirement Planning Even When You’re in Debt
Many people are faced with the dilemma of knowing they should be planning for retirement, but currently being in debt. Having that nest egg that you need when your working days are done definitely requires early planning, but no one wants to carry debt around any longer than necessary. When unsecured debts are gnawing at […]
Working After Retirement to Achieve Debt Freedom
Ideally, after decades of putting in hours at work every day, you have put aside enough to maintain your lifestyle and enjoy your sunset years. This ideal is not so common today though. An increasing number of retirement-age citizens are finding themselves in a situation where they are working after retirement. Still in debt The […]
How Much Mortgage Can I Afford?
While you might like to think something like a home purchase will always be out of your reach, the facts don’t always support that. In fact, many people may be surprised by just how much mortgage they can afford, even on a smaller income. Rather than think about how you can’t afford a home without […]
How to Save for a Down Payment on a Home
In the Canadian housing market, it’s hard to buy a home without having a substantial down payment. From everyday expenses to paying off student loans, you may not think there’s a realistic answer to how to save for a down payment on a home. However, buying a home is more than just something to daydream […]
The Importance of Having an Emergency Fund
Murphy’s Law states that if anything can go wrong, it will go wrong sooner or later. If you are not prepared for the challenges that life throws at you from time to time (and unexpectedly!), then you could find yourself in a really tight spot. This is why it is important to have an emergency […]
Money Management Tips for Retirement
Retirement is a time when you can quietly enjoy the fruits of three or four decades of hard work – provided you have saved up enough money to last. It is also a time when you have to be more careful with your money as a regular paycheck has stopped coming in. If you are […]
