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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The Money Talk: How to Talk to Your Partner About Their Spending Habits
Picture this: you just met someone and they’re everything you’ve ever wanted in a partner. They’re kind, considerate, attractive, and tick off all of your boxes! Fast-forward a year into the relationship, you’ve made the move to start living together, and things are getting serious. But you start to notice that something’s not quite right… Your partner’s spending habits are out of control and you have no idea how to broach the subject. But one thing’s for sure: you need to have The Money Talk. But don’t worry — below, you’ll find helpful tips on how to talk to your partner about their spending habits.
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Why Your Debt Consolidation Application is Being Rejected
When you’re going through various financial problems that are bringing you a lot of stress, the only thing that permeates your mind is to get rid of your debt. So when you take the steps to do this by filing for debt consolidation only to end up getting rejected, it can be demoralizing and disheartening. But why has your application for debt consolidation been rejected? Let’s start with the basics:
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Understanding the psychology of why it is so hard to put money aside
Setting money aside, whether for retirement or just for savings, is not easy. In fact, many of us started working the earliest we could, but still don’t have anything set aside as a safety net or for the future. But why is setting money aside so difficult?
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Overcoming Financial Stress
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?
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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.
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