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The adverse impacts of bad credit are extremely well-documented. The Balance strongly affirms that bad credit is generated by bankruptcies, property repossessions, late payments, and other poor financial decisions. Individuals who suffer from bad credit are furthermore likely to be charged higher interest rates and higher security deposits.

They may also be denied loans altogether or have apartment applications turned down. Nevertheless, with the right lifestyle changes, bad credit can …

We live in a day and age where materialism has dominated society. Countless people exhaust all financial resources and even go into debt from purchasing large homes, fancy cars, and other tangible items. More often than not, people choose this path in an attempt to impress people and show everyone how well off they are.

In actuality, the wealthiest and most well-off people live below their means. There are several …

In this day and age, “going to work” can mean two entirely different things.

For traditionally-employed people, it might mean driving to a store and clocking in. For the self-employed, “going to work” means sitting down at the kitchen counter with a laptop and a cup of coffee.

There are many forms of self-employment, but all of them include building your own business, rather than working for another individual …

Any individual who wishes to achieve financial health must first obtain multiple streams of income. In business and in life, a singular source of revenue is simply not enough. Many people work as employees for various businesses or corporations. They are generally paid a salary which allows them to live (somewhat) comfortably. More often than not, so long as working people are able to pay the bills, they have no …

In current times, a healthy savings account is more important than ever. However, an alarming report from Zero Hedge affirms that nearly 50% of Canadians do not have more than $200 in savings. The awareness and ability to save money always comes in handy in case of a job layoff, medical emergency, or other financial expense that may appear at a moment's notice. This is why an overall understanding of …

Why take out a personal loan when you're not sure if it will benefit you? The answer is simple—there are programs that are beneficial and it doesn't hurt to try them out, especially if they won't adversely affect your credit score. Suppose you have a bad credit score, there are still personal loans you can take. If you use these wisely (and choose the right ones), you can repair your …

Who doesn't suffer from financial stress today? Unfortunately, it’s a common occurrence for many Canadians, and many feel lost or trapped in their circumstances. Approximately 7 out of every 10 Canadians are extremely stressed about money. However, when you stress over your finances, it can significantly impact your health. These days as the cost of living increases, income seems to decline.

As a result, more Canadians are falling into disarray …

Credit cards can be friend or foe to your wallet or pocketbook, it all depends on how you utilize them and of course, manage them. So, what can you do to make certain you aren't accidentally engaging in improper credit card habits? There are ways to avoid all of those spine-crushing fees--specifically if you start making your monthly payment on time. And if you pay more than the minimum monthly …

Developing some new money habits is essential when attempting to transform your financial portfolio. Accustoming yourself to these new habits will take some time, but it is worth the effort ultimately. Your daily money decisions will have a significant impact on your long-term financial health. Just as physical health requires good eating and daily exercise, your financial health also depends on good decisions and vigilance.

Daily choices can help you …

Yes, you can improve your finances in as little as a day when you apply the right strategies, but it all starts with YOU! If you take a little bit of time every day to go over your finances and plan you'll begin to make progress. It might involve removing debt a little bit at a time or it might involve making progress toward a future goal. In just 10 …