As the New Year settles in and thousands of households across the country shutter themselves in from another great Canadian winter, many find themselves feeling the chill of debt as credit card bills start rolling in from holiday expenditures. Perhaps you over spent just a little? Or a lot? Maybe you stayed on budget but new life circumstances have you feeling financially pinched? While debt can be overwhelming, your best approach – is to face it head on. Create a detailed budget incorporating your debt payments, your day-to-day cost of living and your monthly income. From there you will be able to gauge whether or not there is a little left over to pay down your debt at a higher rate, putting you closer to a debt-free 2017.
CIRP, LIT
Senior Vice-President
Servicing: Waterloo, Cambridge, Kitchener, Stratford, Tillsonburg, Guelph, Listowel, Owen Sound
2025-01-08
Lifestyle Debt
Imagine this: you’ve just signed up for a gym membership, bought into a timeshare, or switched to a new service plan after someone convinced you it was a good idea. Now, you’re having second thoughts. It’s called buyer’s remorse, and it’s more common than you might think. But here’s the good news: buyer’s remorse laws exist to protect you.
2024-12-18
Lifestyle Debt
The holidays are a time for gathering with friends and family, sharing laughter, and creating memories. But hosting a holiday party can get expensive, especially with rising costs these days. Thankfully, you don’t need to spend a fortune to throw a memorable celebration. Here are some ways on how to host a fantastic holiday party on a budget.
2024-12-03
Lifestyle Debt
Debt can be a double-edged sword. On one hand, it can be a valuable tool to build credit and achieve financial goals, like buying a home or pursuing higher education. On the other hand, bad debt—like unmanaged credit cards and payday loans—can spiral out of control and lead to significant financial stress if not managed carefully.
