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Financial Scams (3 Minute Debt Break)

Financial scams have been around for decades. But they seem to have never been as common, insidious and invasive as they are today. It’s easy to assume you’ll never fall for a scam. But we’re all vulnerable, and we can all become victims if we don’t know what to be aware of. Here’s a list of some common scams, why they’re effective and how you can protect yourself or a family member from being a victim.

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Life After Debt: Your Questions Answered

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances. Without debt, you now have the freedom and opportunity to make financial decisions based solely on your goals — not your obligations to creditors. Your money is completely in your control and so are the choices when it comes to your finances. How do you handle this fresh financial start and avoid falling...

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Consumer Proposal vs Bankruptcy (MNP 3 Minute Debt Break)

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed Insolvency Trustee, these are two separate processes.

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Your questions answered: statute-barred debts and insolvency proceedings

When a debt is statute-barred, it cannot be brought to court and legally enforced because too much time has passed.

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The difference between wants and needs when planning your budget

Perhaps the very first financial lesson many of us remember learning as children is the difference between needs and wants.

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How to budget when you’re living paycheque to paycheque

You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.

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Six in 10 New Brunswickers concerned about impact of rising interest rates, up four points since September

As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many Atlantic Canadian households stretched thin by rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging year ahead. Nearly six in 10 (57%) Atlantic Canadians are concerned about the impact of rising interest rates on their financial situation, a four-point increase from September, according to a recent...

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Six in 10 Newfoundlanders concerned about impact of rising interest rates, up four points since September

As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many Atlantic Canadian households stretched thin by rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging year ahead. Nearly six in 10 (57%) Atlantic Canadians are concerned about the impact of rising interest rates on their financial situation, a four-point increase from September, according to a recent...

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