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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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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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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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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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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How Student Loans Can Impact Your Financial Future
When I was growing up, basically the only option you had as a high school graduate was to go to post-secondary school. For many people, that was the only option even if you didn’t know what you “wanted to be when you grew up”. The basic thinking was that if you had a degree, it…
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Are you in debt trouble? Recognize the danger signs!
It’s hard for some people to come to the realization that they need financial help. Many people who are struggling financially think they can dig themselves out of debt. Others know that they have debt, but their debt problem isn’t as bad as “so-and so’s” so they think they are fine. For both of those…
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Are you insolvent?
Debt is one thing that all people I meet with have in common. Obviously. The extent of that debt may be more than it is for others. Some people may feel like they are drowning in debt, but are actually not insolvent. They have the means to dig themselves out of debt on their own…
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Paying Off Holiday Debt
Once the new year arrived, most people put their new years resolution into affect and never looked back. After all, Christmas was over. The new year had been rung in. It was time to go back to work and start plugging away at life. There was no looking back. But to the millions of people…
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Saving Money On Valentine’s Day
No one wants to be frugal on Valentine’s Day as it may give the wrong impression to your significant other. I definitely understand the pressure to spend money on Valentine’s Day. Everywhere you turn you see chocolate, jewelry and greeting card advertisements. Our culture has engrained the idea of spending money into our heads. With…
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