Another January means another Blue Monday. The third Monday in January is considered “Blue Monday,” it is regarded as the most depressing day of the year. While the cold and short days are certainly contributing causes, one of the main reasons is that this is also the period when individuals start receiving their credit card […]
We’ve been told from a young age that buying is preferable to renting. Building equity in a home is preferable to paying rent. There are several situations where renting makes more sense than owning a home, and vice versa. You can choose the one that best meets your needs by learning more about the pros […]
Even the most financially savvy among us may find it intimidating to think about retirement. It’s easy to avoid discussions about money, particularly when they pertain to a time in the far future. You’ll be in better shape later on if you have a better understanding of retirement income now. One of the world’s top […]
Politicians, policymakers, and the media frequently use the unemployment rate as a proxy for the condition of Canada’s labour market. In order to fully comprehend the situation of the Canadian labour market, it is important to look more closely at a number of statistics. Understanding how the Labour Market Works Supply and demand are impacted […]
Maintaining your debt payments might be challenging, particularly if you’re going through financial difficulties like losing your job. Even though skipping one or two payments can result in late payment penalties and additional interest, consistently skipping payments can have more serious repercussions, like wage garnishment. When various attempts at negotiating and making arrangements to pay […]
What is repossession? When your car is taken away as a result of missed payments, this is called repossession. Repossession is an action that involves having your car transported back to the lender by a “repo man.” Typically, the lender will sell the car at auction and add the proceeds to the debtor’s loan. Usually, […]
Many analysts are concerned that the Bank of Canada’s push to raise interest rates would lead to a recession. Given that this will be the first one for young Canadians, particularly Gen Z, many are wondering if there is cause for concern and what to expect. Although a large portion of Gen Z have not […]
As inflation rises, the cost of living also rises. Prices are indeed increasing daily. Even if you don’t change a thing about your spending, the cost of maintaining the lifestyle you’re accustomed to will keep spiking. Take advantage of some easy strategies to stretch and conserve your income in your daily life to resist inflation. […]
Queen Elizabeth II, the longest-reigning British monarch and the head of state of Canada, died at the age of 96. She is typically depicted on Canadian currency. However, this may soon change. The Bank of Canada, which prints Canada’s paper bills, has stated that changes are unlikely to occur immediately. The current $20 banknote, which […]
According to the CPA Canada 2021 Fraud Study, 73% of individuals surveyed have received fraudulent requests. Email (44%) and telemarketing (33%) are the most popular targeted strategies. As a result, 33% of the population has been a victim of some kind of fraud at some point. According to the Canadian Anti-Fraud Centre, the amount of […]
If you pay your bills on time each month, you’ve probably noticed that some expenses don’t usually change that much. These costs, often known as “living expenses,” include your mortgage or rent, food, utilities, and other things. Living costs are also required to maintain your home, your family, and your health. Understanding your monthly living […]
Canadians are susceptible to becoming overwhelmed by the stress and anxiety that comes with having a large amount of debt on their shoulders. We can help you discover a solution to your debt problem so that you can have a decent night’s sleep again and not worry about your debts and financial woes. Serious Debt […]
There is always something to improve on, even if you think everything is perfect. Situations keep changing, and inflation keeps rising, which affects the cost of living. This alone is enough reason to refresh your finances and establish a reliable method for managing your finances and maintain it consistently. Doing this will help you steadily […]
While banks, mortgage lenders and credit unions are in the industry of lending money, they don’t really view every applicant who applies for a debt consolidation loan as a strong candidate. Your application can be rejected, or you might get a loan offer with a high interest rate that won’t help you with your debt […]