To approve you for a line of credit, loan or even a mortgage, lenders usually look at your debt-to-income ratio. This ratio is simply how much of your income is spent on debt. To calculate your own debt-to-income ratio, first tally up…
It’s Financial Literacy Month! One of many important skills to have includes making sense of your credit bureau report. We explain what those codes and numbers mean – and how they impact your ability to borrow.
Trying to pay down debt or start an emergency fund? Check out the top 4 financial resolutions for 2016, and – according to the experts – how to fix them.
A common retirement strategy among small business owners is to depend on the sale of their small business – but that may not be enough. Here’s a list of other ways entrepreneurs can save for their retirement while simultaneously running their business.
Thinking of pulling money out of your RRSPs prematurely? It could cost you a lot more than you think – both in the short term, and to your retirement plan.
Are you struggling to stick with a savings plan? A PC poll finds Canadians are finding it a challenge to commit to long term savings goals in the face of debt and budgeting woes.
Each generation has its own economic challenges. As a result, the way you approach money management or a savings plan may differ, depending on your age group. Check out our effective savings tips, geared toward your specific generation.
The new year is in full swing, and so are the trends affecting Canada’s economy. Should Canadians hunker down for recession risks, or are we poised for a strong year of growth?
A recent CIBC poll finds Canadians put retirement savings on the back burner when it comes to financial priorities, focusing instead on debt repayment.
A new research study from Canada’s independent personal finance comparison site RateSupermarket.ca paints a bleak picture of the real price of post-secondary education – a total cost of $78,817 for students not living at home. While conventional wisdom indicates a degree or diploma are necessary for future career success, rising costs and compound interest are major hurdles to future financial security for university and college graduates.