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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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What Are My Options If I Am No Longer Able to Pay My Mortgage?
During the Covid-19 pandemic, Canadian financial institutions provided their clients with the option of deferring their mortgage payments for six months in order to help them through changes in their income or job loss. However, this mortgage deferral period came to an end in October 2020, and many are finding themselves unable to start making their mortgage payments. If you find yourself in this situation, below you will find the different options that are available to you depending on your personal circumstances.
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5 moments when you should put your credit card back in your wallet
A credit card can be a very useful tool for daily purchases. A well-managed credit card enables a person to build a sound credit history which will help you in important moments such as when renting an apartment, or even subscribing to a new cellphone plan. However, the only manner in which you can build a healthy credit profile is by using your credit card responsibly. Below, you’ll find 5 moments when it might be best to put your credit card back in your wallet.
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