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The Facts And Myths To Help You Manage Your Credit Card

wp-content/uploads/2015/10/Millennials-Gen-Y-debt-student-loans-credit-card-debt-credit-counselling-debt-consolidation-consumer-proposals-bankruptcy-millennial-home-ownership-starting-over-starting-now.jpg Are you aware of the facts and myths associated with settling your mounting credit card debt ?  This does apply to those who struggle with climbing interest rates and late penalty payments on credit cards too. Year after year consumer debt has risen 4.9%, according to financial analysts and this gives pause for concern when it comes down to Canada's financial stability. One of the most prevailing factors we want …

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5 Budget Friendly Strategies To Keep You From Incurring Debt

wp-content/uploads/2015/10/hi-household-debt-852.jpg For so many families across British Columbia , no matter how much income is earned annually, this simply appears to never be enough.  This is a common complaint across the region, and possibly even the world. However, you want to try to avoid incurring debt as much as humanly possible.  Incurred debt can feel like a ball and chain weighing you down, crippling you if you let it.  While more …

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Top 5 Tips For Meeting A Monthly Budget

wp-content/uploads/2015/10/Dollarphotoclub_47776444.jpg It's safe to assume that no one likes to hear the word: budget , but without one where would you be tomorrow, or next month, or even next year for that matter? Let's face it, unless you're wealthy--tips for meeting a monthly budget are highly necessary to keep you financially healthy and on track, don't you think? Also, it's important to keep in mind that not everyone was born with …

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8 Easy Steps To Get Started With An Emergency Fund

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You need a stable financial plan and honestly, you simply must have one today.  The economy has always been a slippery slope, but then, for that matter, so is life.  Having a plan of action is the smart thing to do, but for so many families it is one of the most complex and difficult to achieve.  The steps to getting started with an emergency fund are only as hard …

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Debt Consolidation

In this article, we will look at one of the options you have for getting out of debt . If the collections agencies are knocking on your door and your debt repayments are ruining your budget , a debt consolidation loan can be exactly what you need to get your finances back into order.

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Debt consolidation is a very simple idea. The average consumer has debt from a lot of …

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How To: Credit Repair

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Not everyone is born knowing how to balance a budget or save for retirement . Many people, when it comes to financial planning, just close their eyes and cross their fingers. For those people, the first push towards educating themselves about finances often comes when disaster strikes: say, they are refused a mortgage . Bad credit can sneak up on you. You miss a credit card payment here , you …

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How To Negotiate a Better Mortgage

The mortgage on your home is probably the largest piece of debt that you will ever take on. According to Canadian Real Estate Association data, the average Canadian house price in August 2014 was just under $400,000, and house prices are expected to continue to rise. When you’re likely to spend decades paying off a loan, it makes sense to negotiate good terms to begin with. While you shouldn’t expect …

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How Does Credit Card Arbitrage Work?

We all know by now that credit cards are risky. Without good financial discipline, it is very easy to bury yourself under a mountain of debt, and very difficult to dig your way back out . But what if there was a way to make your credit card work for you? Not with rewards, or free gift vouchers, but cold, hard cash. There are some who believe that credit card …

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Should You Declare Bankruptcy?

When your other debt management options are exhausted, it might be time to declare bankruptcy. When the debt collectors are after you and you can’t make your payments even with sensible financial planning, bankruptcy can wipe your slate clean. Your debts are forgiven, your credit history is wiped, and your creditors are required to stop contacting you. On the other hand, bankruptcy has significant costs, and should only ever be …

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Using Your Credit Card Responsibly

wp-content/uploads/2014/09/credit-debit-card.jpg Credit cards are useful, but they’re also dangerous. Their convenience makes it very easy to pile up debt, debt which will accumulate interest quickly and ruin your finances. This guide will teach you how to use your credit card responsibly, enjoying the benefits of credit card use while avoiding the risks. Life Without Credit Cards If credit cards are risky, why not go without one? If you don’t trust yourself …

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