Category

Credit Counseling
Money Top Source of Stress for North American Couples, Survey Finds  Partners go to extremes to avoid fighting about finances American Express 6/16/2010 What do American couples fight about most? It’s not so much about the kids, the in-laws or who’s in charge of the remote. It’s about how they handle their finances. That was...
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For most people, bankruptcy is the adult version of the child’s bogeyman in the closet at night. There are plenty of myths about it, and most of the time, those myths only serve to make a tough situation even tougher. But like that bogeyman, the fears diminish when you figure out what is really going...
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I attended a credit counselling meeting today with a lady in the late stages of a successful consumer proposal. She related a story of how she also owed $1,800 in unpaid 407  tolls at the time she entered into her proposal, and wrongly assumed this bill would be incorporated into her proposal payment. Well over...
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I came across the article below from last month’s Globe and Mail and could not agree more with the author. But I will take it a step further. EVERYONE should keep and maintain his or her own credit history – even if you are adverse to debt of any kind. Even if your credit history...
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Published on Friday, Feb. 12, 2010 11:53AM EST Last updated on Sunday, Feb. 14, 2010 10:15PM EST  This article is lifted verbatim from the Globe and Mail’s website on February 15, 2010. To the mutual fund industry, the author speaks heresy, but in fact, he is much closer to the best approach than most will...
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Build your credit score the earlier the better For many young Canadians, the sixteenth birthday is a very special day. My son Max turned 16 last month, and he asked me to pick him up from school on his lunch break, and take him to the Driver’s License office. He took the written test, passing...
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I read this interview of Gail Vaz-Oxlade in today’s Saturday Star – and it really resonated with me. Her mantra is simple yet practical advice for all. The part I liked best was when Gail says you should NOT pay off all your debts before you begin to save. So with thanks to the Star...
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Canadians deeper in debt than ever before Encouraged by low interest rates, household debts have risen, but economists say they are manageable Madhavi Acharya-Tom Yew Business Reporter  Published On Tue Dec 15 2009 A new report from Statistics Canada carries a sober message: collectively, Canadians are deeper in debt than ever before. But economists say...
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Last week James Daw of the Toronto Star wrote an excellent informative piece on yet another reason why we should all care about our credit scores. I don’t like it at all, but the fact is property insurance companies peek at our credit scores as part of the underwriting process. Make sure your credit score...
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