With the holidays around the corner, thousands of Canadians are racking up expenses on gift giving, party planning and family events. But with a struggling economy and unemployment plaguing several provinces, how are consumers able to dole out so many dollar? You guessed it! Credit. While credit can be an incredible tool for expenses in a pinch, relying on it to carry you through the holiday season can lead to hefty bills in the New Year, with interest rates only increasing your holiday spend even further. So what’s one to do? While covering holiday expenses with cash can put a dent in your bank account, it will help you stay within realistic spending and avoid piling interest rates come January. MNP’s Donna Carson recently spoke about holiday spending with CBC in anoriginal article published online on December 12, 2016.
CIRP, LIT, CPA
Senior Vice President
Servicing: Calgary (Downtown), Red Deer, Drumheller, Calgary (NE), Airdrie
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.
