Debt
After being following strict guidelines over the last few months, many people are starting to get the travel itch. Many Canadians have started to travel within their own province, while domestic travel has likely seen more interest. As the airline and hotel industries try to recover, we’re starting to see some serious deals. I saw…
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According to Statistics Canada, the Canadian household-debt-to-income ratio was an astonishing 176.9 per cent in Q1 of 2020. That means on average, Canadian households owe $1.77 or every dollar they bring in. That’s an increase from 175.6 per cent which was previously reported in Q4 of 2019. Clearly a global pandemic has wrecked our finances.…
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Credit cards are essential for many Canadians. However, if you’re not responsible with your spending, you could easily go into debt. Credit cards act like an interest free loan which is great, but once your bill arrives, you need to pay it on time and in full or you could end up paying 20%+ interest.…
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Ever since COVID-19 became a global pandemic, many people have had to make significant adjustments to their daily lives. Many people have started to work from home, wearing masks in public is no longer unusual, and how we manage our money has changed. I’d love to tell you that sticking to traditional money advice such…
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Unfortunately, I’ve been getting a lot of questions about bankruptcy and consumer proposals as of late. With debt at an all-time high, people are just looking at their options and hoping for a new start. To help you navigate the decision to seek professional help, I reached out to Linda Stern, a licensed insolvency trustee…
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With most of the best travel rewards programs, redeeming your points for a gift card or statement credit is one of the worst things you can do since they offer low value compared to travel rewards. Generally speaking (and depending on the program), using your points for anything besides travel will devalue your points by…
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I love to collect travel rewards points. It’s almost become an obsession. I’ve signed up for over a dozen credit cards in the last two years and I write about the topic here on my blog all the time. The reason I love travel rewards is that I get to go to some pretty amazing…
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Manulife Bank just released the results from their Spring Debt Survey and they found that more than half of Canadians (53%) have at least some non-mortgage related debt. Although there’s been a decline in credit card debt (which is good news), debt has increased on personal loans, home lines of credit and other types of…
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Hands up if you need a vacation? Okay, put your hand down, people are going to think you’re crazy if you’re putting your hands up wherever you’re reading this. I think it’s fair to say that the majority of us could use a vacation right now. Heck, quite often I need a vacation from my…
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**This is a sponsored post. All opinions are my own and are not the opinions of TransUnion. With the New Year just quickly approaching, it’s time to start thinking about those resolutions. Most people tend to make New Year resolutions at the last minute which usually means they end up being broken by the end…
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