Although Canadians are carrying fewer credit cards, they’re carrying increasingly higher balances, according to a survey conducted by TransUnion. More alarming, consumers seem to be more focused on the points they are earning rather than the interest they are racking up. Credit cards are an important way to build credit history, they can be useful … Continue reading How Many Credit Cards are Too Many?
As a parent, one of the things you are most likely to teach your child is that they shouldn’t touch a hot element on a stovetop because it will hurt them. However, it is just as important to teach them about other less obvious things that can hurt them as well, such as mismanaged finances. … Continue reading Teaching Your Kids About Debt
Good and Bad Debt – What’s the Difference? There is an abundance of coverage in the news these days about how Canadian household debt has climbed steadily in recent years and hit record levels, fueled by mortgages and low interest rates. While debt is generally perceived as bad, some debt is necessary and if well … Continue reading Good and Bad Debt – What’s the Difference?
How Debt May Affect Your Health Anyone who has ever been in debt knows that the situation affects more than just your bank account. The relationship between debt and health has been studied for decades and it appears that there has always been evidence that debt affects not only your physical but also your … Continue reading How Debt May Affect Your Health
The Top 10 Reasons Not To Go Bankrupt There are plenty of reasons not to go bankrupt but as a consumer quite often you are not advised of all of your options and not clearly informed of the implications of bankruptcy. Today I will outline the top 10 reasons to avoid filing for bankruptcy. Now … Continue reading The Top 10 Reasons Not To Go Bankrupt
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