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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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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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Comparing & Contrasting a Roth IRA vs. 401K

At some point, many individuals will become serious about saving money and putting aside funds for retirement. This often, in turn, prompts the opening of various retirement savings accounts. At this point, Roth IRAs and 401Ks are some of the most popular options. However, these two accounts are not the same, by any means, and should not be treated as such. Some people are better suited for 401Ks while others …

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Knowing Whether or Not to Loan Money to Someone

At one point or another, most people will find themselves in situations where they asked for a loan. The person making this request may be a relative, close friend, or even a co-worker. Loaning money comes with its own risks and stigmas; what if the borrower takes too long to return the money? What if they can't afford to pay back the loan? Worst of all, what if they simply …

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How to Pay Off Student Loans

Taking out student loans is a fairly common practice. Many young people do this for the sake of investing in their education or otherwise being able to attend college or university. Initially, being able to take out student loans and attend college may seem like a dream come true. However, this dream can quickly turn into a nightmare when young people are not only billed for the money they borrowed, …

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How to Financially Prepare to Leave Your Parents' Home

As the cost of living becomes more and more expensive, many young adults are living at home with their parents or other relatives. However, many people reach a point and time where they wish to live on their own. This is quite understandable and to be expected; however, leaving home and venturing out into the real world requires serious, calculated preparation. This is not something which should be done carelessly …

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How to Financially Prepare for a Recession

Nobody likes to think about recessions and all the havoc which they can bring upon a society and to the economy. Nevertheless, many people have lived through and experienced the plights of recessions. Although they take a toll on virtually everyone, members of society who are most vulnerable and least prepared tend to suffer on considerably higher levels. This is what makes financial preparation so absolutely paramount. Failure to plan …

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How to Purchase a Car

Purchasing a car, especially for the first time, marks a monumental and significant milestone in any person's life. In many regards, a new car represents freedom and the ability to go wherever one pleases without having to rely on public transportation, rides from friends/family, or rideshare services such as Lyft or Uber. Nevertheless, the freedom associated with car ownership simultaneously comes with responsibility. Before one can get to the perks …

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