Saving Money At Halloween
People of all ages enjoy Halloween. It’s a fun time to dress up, eat candy, and have some good “spooks.” The real scary thing is that Halloween expenses can take a big toll on your budget if you don’t plan. If you’re celebrating, be sure to use these money saving tips to save on Halloween…
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Reading Your Credit Card Agreement
Credit card agreements can be one of the most challenging financial documents to understand. The purpose of a credit card agreement is to spell out the conditions of your line of credit. According to an analysis done by creditcards.com, the average credit card agreement is written at a 12.37 grade level, while the average person…
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Bankruptcy and the Economy
Many people look at the statistics published by the Office of the Superintendent of Bankruptcy Canada regarding the numbers of people filing for personal bankruptcy or making a consumer proposal as an indicator of the overall health of our economy and a bad omen for the stock market. The reality is that this is a trailing indicator of…
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Overspending at the Holidays
I know that people may think it’s too early to talk about Christmas, but it’s not too early to talk about debt! Many people have already started shopping for Christmas, or at the very least have already begun making Christmas lists and brainstorming meal ideas for the big day. Just remember, one of the major…
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If possible, should you pay off your bankruptcy early?
Believe it or not, we have had several clients who have filed bankruptcy and then found themselves in financial excess. When this happens, clients often ask the question “can I pay off my bankruptcy and be discharged faster?” If you’re in the middle of a bankruptcy, and your financial picture starts looking rosy, it’s understandable…
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Debt Management Tips for Seniors
No one wants to spend their golden years struggling with credit-card debt. But, sadly, an increasing number of seniors are doing exactly that. For people living on fixed incomes, escalating debt can lead to financial ruin. Many of the debt-management options available to younger people — like getting a second job to pay off the…
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Bankruptcy and Co-signers
Many people who are in debt need a co-signer to sign loans, which is a great way for a debtor to build their credit score. The problem is, it might be hard to get a co-signer to sign your loan. That is because a co-signer is essentially on the hook and responsible for paying back…
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RESPs and Debt Settlement Options
Many people with children plan ahead for their children’s post-secondary education by investing in a Registered Education Savings Plan (RESP). Most people with RESPs who come into our office are concerned about what will happen with their RESP if they choose to file bankruptcy or make a consumer proposal. First of all, I’ll explain what…
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Unemployment and Debt
Unemployment can happen to anyone. I was recently talking to a man who was telling me about how busy his division was at work and how he thought they would be hiring more employees soon. Just to find out the next week that his company was downsizing and his division was being shut down. Needless…
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Credit card debt – What to do if you’re struggling
Credit cards are a very popular way to make purchases large and small, on line or in the store. Using a credit card (and paying it off) is a great way to build your credit. They are also a great way to earn “points” towards vacations, groceries, and many other items. The problem is, if…
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