If you’re in deep debt with no hope of consolidation, bankruptcy could be your best option. While hitting rock bottom can ease the pressure of hounding creditors, however, you’ll be on a long road to financial recovery and good credit.
A new poll finds 92 per cent of Canadians would willingly take out debt – even when it’s not absolutely necessary. Canadians may be more comfortable living with their debt – and as a result, we’re maxing out faster.
The Loonie is looking stronger than ever at $1.03 U.S., jumping in response to yesterday’s extreme American Federal Reserve stimulus announcement.
Looks like Canadians are starting to heed the warnings swirling around household debt: An ING Direct Survey finds Canadians are in better financial standing compared to 2011, with one third saving at least $1000 every year.
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.
Back-to-school shopping season is upon us! Did you know Canadians will spend an average of $677 in the month of August to prepare their kids for the classroom? Check out our tips for cutting down on the cost of clothes, school supplies, lunches and more.
Camp is over, fall activities don’t start for another month, and your children are getting bored. Rather than spending money trying to entertain them, why not use this time as an opportunity to teach your children how to SAVE money?
Do you trust your bank? A recent survey shows Canadians have had enough of hidden or confusing bank fees – and are losing faith in their financial institutions as a result. Learn more about how to resolve conflicts with your bank – and protect your finances – if you’re unhappy with their services.
Break ups are never easy, but they can be especially complicated when finances are involved. Depending on your province and the length of your relationship, the definition of “mine” and “yours” can change. Read on to learn more about the financial implications of common law relationships.
Ah, the pain of filling up at the pumps. As rebounding prices repeatedly strike our wallets at the gas station, and rising oil prices remain a fixture in the news, don’t you just wish you could fill up for free?