Spending your money on things that you want can be pretty tempting — but it can also leave you with empty pockets and a long credit card statement. Below are a few healthy financial habits to curb that urge to spend.
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How to Build an Emergency Fund
If you’ve ever found yourself in a sticky financial situation in which you were forced to dip into your credit because of unexpected expenses, then you should consider building an emergency fund.
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How to Prepare for a Recession
‘Recession’ seems to be the buzzword of the last couple of years, but what exactly is a recession and how can you protect yourself in case a recession occurs?
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Debt Settlement: What Percentage Should You Offer?
A debt settlement is a negotiation between you and your creditors that will allow you to pay off only a portion of your debt. Although this process may seem simple enough at face value, there are some intricacies that go along with it. Here’s everything you need to know.
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Inflation: who is most affected by the rapid increase in the cost of living?
If there is one word to describe the start of 2022, it is “inflation”. This is a phenomenon that we had not seen in Canada for more than 30 years and which is complicating the economic recovery that everyone has been waiting for. What we notice, however, is that not everyone is equally affected by galloping inflation.
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The tell-tale signs of over indebtedness
Over indebtedness has dangerous consequences on one’s financial health as well as their mental health. However, sometimes over-indebtedness can be difficult to pinpoint — how much is actually too much and what can you do to avoid it?
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Is a debt consolidation mortgage a good idea?
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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