EmpireOne

Debt is a scary word for a lot of people. It conjures up images of ruthless creditors or calls from bill collectors looking to get paid.  You might have gotten into debt because you spent more money than you earned. Or it may be the result of serious financial hardships like losing a job or […]

Divorce and debt is a complicated topic. Navigating a divorce is a stressful situation in a person’s life. The end of a relationship can be emotional. Adding the financial burden of debt during a divorce makes it even more challenging.  Dividing up debt in an amicable divorce is complex enough, but debt can be challenging […]

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, […]

Money can be an emotional and delicate topic, and many of us avoid talking about it, even with our families. When we are not used to talking about money, having an honest conversation about money can be difficult. We might not know how to bring up money and debt, especially when it comes to our […]

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. […]

It might feel like the right thing to do if your child or a close family member asks you to co-sign their debt. You probably feel obligated because without you they wouldn’t be able to get the loan. But is it worth it and is it safe? Here’s what you must know about co-signing debts. […]

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 […]

As a single parent, you might feel like your finances are too much to handle. Suddenly you are on your own with the housing, utilities, insurance, and the daily cost of living for you and your kids. If you have debt on top of it, you might wonder how you’ll ever get ahead. If you […]

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 […]

The COVID-19 pandemic was a difficult time for many people. You may have been one of many people who lost their jobs or lost income due to reduced work hours. As a result, you too may have leaned on additional sources of income to bridge the gap between lost wages and their expenses.  The Canadian […]