I lost my job. Now what?
After losing your job, it’s important to remember that it can happen to anyone. No one is immune to job insecurity. I know that doesn’t make the situation less stressful, but it I just wanted to remind you that you are not alone. Fortunately, there are plenty of resources to help you cope mentally and financially when…
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Debt Warning Signs
I’ve heard from many people that they didn’t realize how bad their situation was until it was too late. It’s important to take control of your debt situation early so that you may be able to prevent filing bankruptcy by consolidating your debt or making a consumer proposal. If you wait too long, bankruptcy may…
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Saving Money and Back-To-School
This September, both of my children will officially be in school. It’s hard to believe time has flown by so fast, but it’s also hard to believe how much money I’m expected to spend on school supplies. Since the beginning of August has now crept up on us, we will begin to see the back…
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Talking To Your Kids About Debt
It’s fairly common for parents who are going through hard financial times to never mention debt in the presence of their children. What some people don’t realize is that today’s kids are smarter than you think, and they can usually sense what’s going on at home. What kids can’t understand is why. As a responsible…
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How do payday loans work?
It’s impossible for us to foresee the future. If we could, we could budget accordingly for when our cars break down, or when our roof starts leaking, etc. But since we can’t see into the future, the funds to take care of such problems may not always be at hand. In such situations, many people…
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How Much Debt Is Too Much Debt?
The answer is simple, more debt than you can pay is too much debt. Someone called me recently to ask me questions regarding his wife’s debt issues. She was laid off a couple months ago and was unable to pay her credit cards while on unemployment. She was very behind on her payments and was…
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How to Escape the Payday Loan Cycle
I’ve said it before and I’ll say it again, payday loans are a vicious cycle. If you’re struggling to make ends meet, the worst thing you can do is take out a payday loan. The payday loan cycle is a simple concept. You borrow from one payday lender for an emergency and suddenly find yourself at…
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Why You Shouldn’t Hold Debt on Credit Cards
Everyone knows that credit card debt is bad. Even though every one knows this, many people still find themselves drowning in credit card debt time and time again. In fact, some people have had to file for bankruptcy multiple times in order to resolve debt troubles that they had no way of getting out of. For…
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Five Ways to Control Christmas Spending
I know it’s not December yet, but I’m sure most families have already started shopping for Christmas (or at least have thought about it). It is the most wonderful – and wonderfully expensive – time of year. Between presents, decorations, parties, and dinners out, your wallet can take a serious hit during the holidays. In fact,…
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Snowball Method to Paying Off Debt
If you’re struggling with debt but still want to try to pay it off on your own, the best way to do that is by using the snowball method. Imagine a little snowball that you pack tight with your hands. Now imagine putting that snowball on more snow on the ground and gently rolling it…
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