EmpireOne

Your perception that a dollar doesn’t go as far as it formerly did is accurate. Inflation, which is the progressive erosion of the purchasing power of your money over time, is the cause. How Does Inflation Work? Price increases throughout the economy causing inflation, which reduces the value of your money purchasing power. For instance, […]

Nobody gets a car loan with the intention of defaulting on it. Things do, however, happen. Life is unpredictable. You’re racking up debt and can’t make your payments due to a health issue, layoff, or an expensive divorce. If you continue to fall behind on your car payments, you could face vehicle repossession. Vehicle repossession […]

Have you heard that your 40s are the new 30s?  Your 40s are a prime time in your life. You might be settled in your family life, have work you enjoy, and be happy with your daily routine.  However, it is also a time that you are starting to look to the future and wondering […]

When you’re short on cash, a payday loan appears to be an ideal option, and once you have dealt with the emergency, you’re trapped with a loan that must be paid off. You suddenly need a second payday loan to pay off your initial payday loan; here’s where the cycle begins.  Renewing a new loan […]

If you owe money to any creditors, they might use a collection agency to recoup their debt. Collection agencies will work on the creditor’s behalf to recover the money you owe and get paid. These agencies are often notorious for being aggressive in trying to collect the debt. If you leave them unpaid long enough, […]

Car payments might be a large part of your budget, but having a car can be necessary for you to get to work or run errands.  Owning a car can be expensive. You have to worry about car loan payments, gas, car insurance, tires and potential repairs.  Between your car loan payments and other expenses, […]

If you’re afraid of budgeting because it feels too restrictive or you’ve failed at it in the past, you’re not alone. Millions of people don’t budget for those exact reasons. However, budgeting is one of the only ways to stay on track financially, including paying off your outstanding debt and saving for your financial goals. […]

Not all debt is bad, but when you don’t understand the warning signs of too much outstanding debt, it can lead to trouble. Everyone has some type of debt so they can have the necessities in life, such as a house and a car, but there is plenty of debt that isn’t good and can […]

Ideally, we should all put money in both TFSAs and RRSPs. However, many of us have to choose how we save our money.  Both accounts offer tax benefits while helping you save for the future, build a financial nest egg, and reach your financial goals. While they have many similarities, the RRSP and TFSA are […]

Many of us rely on debt, short-term or long-term, to purchase things we need or want.  We often think of debt as bad. We believe we should avoid debt at all costs. However, we can’t always avoid debt. When managed well, debt can be helpful.  If we take on good debt, it can help us […]