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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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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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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Don’t Get Caught In A Payday Loan Trap
Payday lenders seem to be popping up everywhere in SW Ontario, which shouldn’t be surprising since Canadians’ use of high-interest payday loans has recently doubled to include four percent of Canadian households, as stated in this article from the Financial Post. I can’t emphasize enough that payday loans should never be an option as it’s…
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