If you’ve been struggling with credit card debts, and find it difficult to keep up with the interest and all of the different payment dates, then a debt consolidation mortgage may be extremely tempting. But there are some things you need to watch out for before committing to such a big decision. Below, we’ll find out whether or not a debt consolidation mortgage is right for you.
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Planning for Retirement
After working extra hard to earn money in order to live comfortably, the one thing everyone looks forward to is retirement. So the last thing you want is to reach retirement age only to find out that you won’t be able to make ends meet living the way you want to. That’s why below you’ll find tips and tricks on how to plan for retirement so that you can live the retirement life of your dreams.
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Think Before Agreeing to be Guarantor of a Loan
If a family member or loved one has asked you to be guarantor of their loan, don’t blindly agree to it because of the trust you have for that person. It’s important to know exactly what you would be getting yourself into. That’s why we’ve detailed out exactly what could happen if you become a guarantor or someone else’s loan.
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Tips on Overcoming Financial Incompatibility
Talking to your partner about your financial situation as well as your financial goals can be a pretty scary thing — especially if you already get the sense that your financial values don’t match. So if you’ve ever felt that you’ve had to hide certain purchases from your partner, or you feel that you simply cannot trust your partner’s spending habits, don’t worry. Financial incompatibility can be overcome.
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Income Tax Debt Relief Options
Having worked paycheque to paycheque all year long only to be subjected to income tax debt at the end of the year can be pretty devastating if you didn’t account for it. If this is the case for you, then you should address it as soon as you possibly can in order to avoid penalties and interest on the amount you owe. But what if you can’t conceive of any way to pay your income tax debt? Don’t worry — you still have options.
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5 Canadian Government Benefits You Might Be Eligible For
If you’re currently struggling with your finances more than you ever have, rest assured that you could be eligible for Canadian government benefits. Whether your finances took a hit because of Covid, because of a disability, or simply because of low income, you might have the option of applying for these benefits so that you no longer have to struggle to make ends meet.
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Paying Off Your Holiday Credit Card Debt
The holidays have passed, the most wonderful time of the year has gone, and you find yourself only with happy happy memories… and added debt. As if that didn’t put enough of a damper on things, you’re having more and more trouble paying it off. No one should have to deal with debt after the holidays — especially since they’re supposed to help you relax and lift your spirits after having worked hard all year! That’s why, below you’ll find helpful tips for paying off that pesky holiday debt!
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A Guide to Student Spending: Spending Habits for a Healthy Financial Future
Although students are in a much better position in Canada than in the United States, according to a MacLean’s study conducted in 2018, students that study away from home in Canada still have to spend a whopping 20, 000$ per year for their University degree! This amount takes lodging, groceries, tuition, and other expenses into consideration. It’s no secret that a University degree is a great investment, but 20, 000$ can still be pretty steep for a full-time student. That’s why we’ve created this guide to student spending — a guide that will ensure that your financial future won’t suffer from spending choices you make in your young age.
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How to Support a Loved One Who is Drowning in Debt
We all know that dealing with debt is extremely difficult. You’re constantly getting notices, you can barely afford to make your minimum payments, your credit score decreases considerably, and you spent all of your nights lying awake thinking of ways in which you can get yourself out of the hole you dug yourself into. Watching a loved one suffer from this can be just as difficult as dealing with it yourself and can make you feel completely helpless. You might be thinking of loaning them money or helping them pay their bills — at the detriment of your own financial situation. But then, how can you help them without putting a dent in your own wallet? Read on to find out.
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Can my Debt Discharge be Challenged?
You dealt with the intense anxiety of having to pay off your debts for a very long time, and decided to take all of the necessary steps to get rid of them. After the struggle of paying back your debts on time and remaining frugal for so long, you finally succeeded and paid everything off and are free of your debts. You think it’s high time you receive your debt discharge — except it’s being challenged. So what happens next? Read on to find the reasons as to why your debt discharge is being challenged and the steps you need to take in order to finally be free.
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