We often times recommend that if you file bankruptcy or make a consumer proposal that you get a new bank account at a new bank. Why do we suggest that?
I can’t tell you the last time I had to solve a quadratic equation or explain to someone about the composition of the Canadian Shield, but budgeting and money management are skills I use every day.
If you think you're managing your money by paying just the minimum monthly amount, think again. By doing that, you're paying far more than the cost of your purchase. Minimum payments are designed to make you pay a fortune over time.
With Black Friday making it’s appearance this week, it may be time to evaluate this “holiday” and decide if it’s a day we should actually partake in or if it’s just a ploy to push us further and further into debt.
Based on the number of payday loan commercials I’ve seen lately, I think it’s safe to say that payday loans are becoming a force to be reckoned with.