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The Best Tried and True Ways to Save Money

There are plenty of tried and true ways to start saving money—and you can start saving money today, all without making huge, stressful sacrifices. In the sections below, we’ll walk you through the best ways to start saving money and show you just how easy it is to take control of your financial health.

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How Credit Cards Make Money and Why You Can Be Stuck in Debt

There’s no denying that credit cards are great to have on hand. They let you cover emergency costs, help you pay larger purchases in small increments and many offer cash back, airline miles, hotel stays and even gift cards as a reward for spending. And let’s not forget that credit cards are a huge factor in your credit score, which impacts your ability to buy a home, purchase a car, …

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Competitive rates, easy online application process helps My Canada Payday thrive in challenging market

While many Canadian short-term lenders are feeling the squeeze due to new government regulations restricting rate increases and tightening municipal bylaws aimed at limiting the number of physical storefronts, established lender My Canada Payday is seeing an increase in business, mainly due to the company’s longtime commitment to utilizing technology to make its service easy and accessible.

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How to Structure Your Monthly Living Costs

Learning how to manage your finances is something that everyone struggles with as a standard part of Adulting 101—and even “being an adult” doesn’t really mean that you are an expert budgeter. Your personal finances are subject to a wide range of fluctuation throughout your life, as you move from one job to the next; change apartments; purchase a home; build a family; start travelling, and so on.

Maybe you …

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How to Make Your Money Work For You

You’ve got a steady job, you can pay your bills on time, and maybe you can even start hiding a little bit away into a savings account—but is your savings account really growing? Isn’t there a better way to build your financial health? After all, making money is just the first piece of the puzzle.

For many people, knowing what to do with it afterwards (and how to make their …

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Does Saving Money Really Work ?

Simply put, saving money is hard. Just meeting your monthly bills can be challenging enough, and it’s tempting to put extra cash towards fun things, like a day out with friends or an impromptu date night. Getting into a consistent habit of saving takes dedication and it can certainly be stressful if you’re already tight on budget.

Even if you can only put away small amounts each week, is all …

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Are Payday Loans Quick to Process?

Chances are, if you’re thinking about getting a payday loan, you need money as quickly as possible. Every second spent waiting for a loan to be accepted and processed is a second closer to an overdraft fee, a bounced check, late rent payment, cancelled utility service—the list goes on! Time is often essential when it comes to your personal finances, which is why so many Canadians tend to opt for …

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Why Do People Use Payday Loans?

Anyone with a bank account knows the drill—after so many days of positive banking history, you’re going to start getting bombarded by letters and emails to sign up for their newest lending products. We’ve all seen the same headlines: Get a low-interest business loan today! Sign up for our credit card with zero percent interest for six months! With so many ways to get a loan, why do people use …

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Cash Advances: How They Work and How They Can Help

Let’s face it: not having cash on hand can be frustrating. Credit card bills, car payments, and rent schedules don’t always line up with our paycheques, leaving us strapped for cash at the last minute. We’ve all been there!

Add in the last-minute expenses like having to replace the brakes in your car, purchasing a new water heater, or—knock on wood—accidentally dropping your phone in the toilet, and you could …

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Everything You Need to Know about Credit Card Cash Advances

Credit card cash advances are amounts of money which people are permitted to "borrow" from their credit card companies. These advances are generally processed via ATM withdrawals or deposited checks. Unlike other types of loans, credit card cash advances almost always come along with hefty interest rates, usually notably higher than the interest rate of the associated credit card. Furthermore, the interest tied to credit card cash advances generally begins …

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