As you can imagine, I write, talk, and read a lot about money. It’s a huge interest of mine so naturally I come across some amazing stories, but quite often I hear some money myths over and over again that just aren’t true. I have no idea where any of these money myths originated from, but…

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money fears

Forgive me if you’ve heard this before; Canadian debt is at an all-time high. This used to be a big deal but even I admit that I don’t even pay that much attention to this ratio anymore. It’s not that I don’t care but it seems like some people I speak with have just accepted…

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get out of debt fast

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 your credit score for a small fee, the odds are they’re a scam. If you want to get out of…

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If you’re in your 20’s, what you do with your money now could have a lasting impact on your financial future. Hopefully you’ve already accepted and come to terms with the money truths, so it’s time to start getting serious about managing your money. It might seem intimidating at first, but trust me, managing your…

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Paying down debt is easier with marketplace loans

A few weeks back the Bank of Canada decided to cut interest rates for the second time this year. The fear was that Canada was near a recession and the lower rate would increase spending. Well, just 2 weeks later and it looks like we’re already in a recession. The lower rates will hopefully help…

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There are many 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 theory, should have an easier time paying off student loans, and credit card debt. However, someone who has abused credit…

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Do you use cash or credit when shopping?

Cash or credit, it’s the endless debate. Some of us prefer the convenience of credit, but if we’re not careful, we could end up with a ton of debt. On the other hand, cash can help keep our spending under control, but we lose out on the benefits that credit offers. Personally, I prefer to use credits cards…

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Take advantage of free government money with RESPs

Canadian parents don’t like free government money. 47% of parents have yet to open a Registered Education Savings Plan (RESP) according to a new survey by the Chartered Professional Accountants of Canada. An RESP is easily the best way to save for your child’s education since the money is tax-free, and the government offers a Canadian…

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Canadians need a money reality check

The majority of Canadians believe that they are financially fit. Even though our debt-to-income ratio is sitting at record high of 163.3% and the Canadian economy has been awful, we still don’t feel threatened, according to a new study. The Chartered Professional Accountants of Canada (CPA) just released a study focusing on Canadian household debt and…

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Setting financial goals is easy, sticking to them however can be incredibly difficult. I imagine many of us who made financial New Year’s resolutions are already on track to break them. Making generic resolutions is just silly, we need to pick goals that are actually attainable. Here are some common financial goals and the tips to help you meet…

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