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There are countless tips and tricks to help cut credit card debt down to size, but the most important tip is one that’s often overlooked - adjust your approach and align your spending with what is most important to you. What does this mean day-to-day? Credit card debt doesn’t typically happen overnight. It’s lots of small purchases that add up over time. As a result, paying it off has as much to do with your mindset as it does with how you manage your money.
If you seriously want to pay off your debt, read on to find out about 3 things that you will for sure want to avoid…
Credit reporting in Canada is a bit of mystery to most consumers, however it doesn’t have to be that way. From learning about what is on your credit report, how to get your own credit report for free, or how to improve your credit rating, to the complexities behind the credit scoring system – we lay it all out for you in plain English.
Getting your credit score for “free” can be legit, but it may also be too steep a price to pay. Here’s why….
If you reflect back on growing up, you’ll probably notice that a lot of your money values and behaviours were influenced by how your parents managed their finances and expenses. Kids have an enormous capacity to learn and absorb information, and you can teach them good money habits - and build on these each year. While there are a lot of ways to teach kids about money, start by helping your kids embrace the following five money principles.
It’s exciting to get a tax refund, but what should you do with it? Save it? Splurge? Pay down debt? Invest it? While any of these could be good ideas, the best way to get the most out of your tax refund is to plan how to use it in a way that helps you work towards your financial goals.
On the surface, borrowing a few hundred dollars to solve a cash crunch might seem like a good option, however, payday loans are an expensive form of credit. If you live pay cheque to pay cheque and have considered taking out a payday loan, a better strategy is to determine what’s causing your cash crunch and finding ways to better your situation.
From getting into a payday loan cycle or being faced with high interest charges, read on for what to know before you consider taking out a payday loan….
While your credit score is just one piece of your overall financial picture, it can have a dramatic impact on your finances. The difference in borrowing costs for a person with a low versus a high credit score could be thousands of dollars in additional interest charges each year. If your score is low, it’s worth looking at ways to improve it, but not at any cost.
Don’t fall prey to the online ads from credit repair consultants that state they can improve your credit rating fast for a fee — they can’t. The reality is that you usually can’t improve your credit score fast; however, you can improve your credit rating and your credit score faster by following these five steps…
The one thing all financially successful people have in common is that they set goals. They know what they want to achieve and find ways to make it happen. Once you do this too you’ll be surprised how much easier it is to stay focused on finding ways to get what you want.
To help get you started on the path to financial well-being, we explain 5 smart money moves you can make this year. They include why having a budget matters, how paying for expensive credit card debt robs you of money for future goals, and the secret to not losing ground once you start paying off your debts (it’s a trick anyone can do!). Read on…
Do you make New Year’s resolutions? Maybe the start of a new year is when you decide to get more exercise, work less, pay down debt, eat better, lose weight, or quit smoking (If you don’t smoke, insert your vice of choice).
January is a time to think about what you want to accomplish or improve in the coming year, and which good intentions are left over from last year. The trick with resolutions is finding ways to stick to them, to make good on your intentions after the January fanfare fades. Here are 7 ways to make New Year's resolutions work.
Your credit score takes years to build up but can be destroyed with what can seem like only a few small mistakes. Keeping your credit score high can help you to get a better interest rates on a loan or mortgage, help you rent an apartment, and much more. Be careful not to make these 3 easy mistakes that destroy your credit score.