Financial stress can play a number on one’s self. Not only does it affect sleep, but it also leads to a decline in mental health as well as a poor social life. Unfortunately for Canadians, financial worries are the main cause of stress — even more so than personal relationships, health issues, and work. But what are the reasons behind all of these worries and how can you overcome them?
Read more
6 Tips for Borrowing Money Wisely
Borrowing money isn’t as nefarious a thing as people seem to think. In fact, it can even be beneficial — if done right. When borrowing money, it’s important to keep a few things in mind in order to ensure that you’re not digging yourself into a hole. Below are a few tips and tricks to help you manage your loan effectively.
Read more
Complete guide for paying off your student debt
According to a study conducted in 2015 by Statistics Canada, 54 % of Bachelor’s degree graduates owed an average of $28,000 to the source at graduation. After years of arduous studying and working part-time to make ends meet, the last thing a student wants to feel is the pressure of settling for any job in order to pay back their loans after graduation. Below, you will find the perfect guide for paying off your student debt.
Read more
Teaching Smart Financial Habits to Your Children
When it comes to learning smart financial habits, it’s always better to start early. After all, as a parent, you only want your kids to live comfortably and securely without having to worry about the struggles that come from mismanagement of money and having huge debts.
Read more
Managing Your Money for Good Mental Health
It’s no secret that there is an existing link between one’s finances and mental health. In fact, financial stress can lead to a sharp decline in one’s well-being. In turn, a decline in mental health can lead to even more financial stress. If you find yourself caught in this endless loop of declining mental and financial health, below are four things you can do in order to break the cycle.
Read more
Debt-Free Summer: 4 Professional Tips
It’s time to shed your jackets, because summer is finally here! After the long winter we’ve had to endure, it’ll be tempting to sit on terraces sipping sangria, plan activities with friends, host barbecues, or even go on vacation! Although these all seem like amazing plans, it’s easy to let your summer spending habits get the best of you. That’s why below, you will find 4 things to consider when it comes to summer spending, so that you can follow your budget while still enjoying summer to its fullest.
Read more
Fast Money Loans: Be EXTRA Careful
If you’re experiencing financial stress and are having trouble making ends meet, you might be attracted to the idea of acquiring a fast money loan — especially if you have bad credit and aren’t aware that there might be other options available to you. It’s understandable that these types of loans can seem like a godsend in times of need because they’re given out quickly and with almost no conditions for approval. But don’t be fooled.
Read more
Second & Third Chance Credit: Important Warning
During the Covid-19 pandemic, many people had to suffer through decreases in revenue or even job loss. These changes in revenue have impacted the credit score of many individuals who are incapable of affording their old standard of living, making the process of taking out a loan at the bank more difficult than ever. Unable to make ends meet, these people may go to different lenders for a “second or third chance” credit. But are these really as good an option as they seem? Below you will find the truth about second and third chance credit and the dangers these types of loans may incur.
Read more
Protecting Yourself from Financial Fraud
In the last year, many Canadians were faced with overwhelming financial difficulties. It is therefore especially important that you protect your personal information so that you avoid finding yourself in an even more dire situation. In this current economic climate, the risk of your personal or financial information being stolen is unfortunately higher than ever. Below, you’ll find the various ways in which fraudsters can steal your personal information, so that you can protect yourself from their greed.
Read more
1 Budget for 2: How to Create a Budget with your Partner
Creating a budget is an effective way of keep track of your finances — especially if you had to undergo a change in income, job loss, or intend on saving money. Though creating a personal budget is important, if you live with your significant other, it may be time for you to create a budget together. Below, you’ll find all the information you need when it comes to budgeting for two.
Read more