Debt Archives - Money We Have

How Credit Card Interest Works

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…

How to Plan a Vacation Without Going Into 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…

15 Ways for How to Get Out of Debt

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…

When Should You Consider Using the Services of a Licensed Insolvency Trustee?

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.…

How to Redeem Travel Points for Gift Cards or a Statement Credit

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…

What to do if you Have too Much Debt

What to do if you have too much debt? It’s a question I hope you never have to ask. But with Canadians having record debt levels, some of us need to start taking our finances…

Payday Loans are the Worst!

If you didn’t know, payday loans are the worst! The amount of interest you’ll end up paying is insane – think 500%+. Yes, you read that right, you could end up paying FIVE HUNDRED percent…

Get out of Debt Fast With These Methods

Let’s be clear, if you owe thousands of dollars on multiple credit cards, there’s no way to get out of debt fast. If you see a company claiming they can clear your debt or fix…

The Rules of Personal Finance

A few weeks ago I was watching the movie Fight Club. In one of the scenes, Brad Pitt’s character Tyler Durden was explaining the 8 rules of fight club. If you wanted to be part…

Debt Repayment Options

The stress of owing money can keep anyone up at night, fortunately, there are different debt repayment options that can help you pay down your debts faster than you might think. A young professional, in…