Seek financial help sooner rather than later!
Many people, upon leaving my office after their initial consultation with me, tell me that they wish they had sought financial help sooner. The biggest mistake most people that have personal debt problems make is that they wait too long to get the help they need. Many people will struggle for years with these issues,…
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Black Friday (Week)
There was once a time when shopping on Black Friday meant huge savings that day which drew in crowds as early as 6 o’clock in the morning. People would take the day off work to wait in long lines in the hopes of getting an amazing deal on an item that they may or may…
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Holiday Season and Payday Loans
I know that for some people, Christmas isn’t even on the horizon, but for others, the credit cards are already out and the spending has begun. It’s a financially daunting time of year for many people, but the idea of having lots of presents under the tree is important to some people as well. With…
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When Should You Seek Debt Relief?
The average interest rate on credit cards is approximately 20%. For example, if one owes $20,000.00 on credit cards, the approximate annual interest is $4,000.00. This individual will pay about $333.33 in interest every month of the year. You have less money to pay your living expenses or for savings and you have not reduced…
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Debt Management and your Bank
The first step to getting a fresh start is taking control of your personal finances. That is why I recommend opening a new bank account at a new bank if you owe money to the bank that you currently do you banking at. There is nothing worse than having your bank freeze your account, taking money…
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Financial Difficulties and your Family
Debt and other financial difficulties can take a significant toll on your personal well-being. However, if you have a family, that toll only becomes heavier. You worry about providing for your family members, and you worry about their happiness. They will notice your stress, and they will notice that you do fewer activities and give…
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Managing Credit Card Debt
If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well. Unfortunately though, not everyone is in the black with their credit card statements. If you are someone who carries a…
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5 Things to Do With Your Tax Refund
With tax season here, many people are eager to file their tax returns for only one reason: the possibility of a tax refund. How wonderful it would be to see unexpected money arrive. Pondering how to use the refund? There is no right or wrong way to use the money but getting your priorities straight…
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You can’t borrow your way out of debt!
You cannot borrow your way out of a debt problem. Many clients have been drowning in debt for quite some time and decide to start using cash advances from new credit cards to make minimum payments on old credit cards. This is never a good idea. If you can’t afford to pay the original credit…
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Don’t worry about your child going into debt at university!
It’s the time of year where students leave their home to embark on post-secondary education. There are a lot of things parents worry about when their children leave their home, but finances doesn’t have to be one of them. Sure, all of a sudden they have more financial responsibility and often times struggle with budgeting. And, when they walk around…
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