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Last night I was on the Alberta Primetime Money Panel and one of the questions we were asked was whether Canada will increase or decrease interest rates. There has been a lot of media speculation about interest rates and many pundits for a while have felt that rate need to rise but now with the…
Between September and December of last year, national newspaper The Guardian published the „diary of a debtor“, a series dealing with the theme of bankruptcy in an unusually upfront fashion. Whether or not the anonymous blogger was a real person or whether the series merely provided useful advice on bankruptcy by latching it onto an…
Do you want to know how to get out of debt, but are not sure where to start? Last summer my wife and I were able to pay off all our consumer debt by reducing our expenses, increasing our income and increasing our payments. Reduce Your Expenses The first step to get out of debt…
For years, people have been warned against the pitfalls of using a car title loan. In the past, these types of loans were notorious for charging people outrageous fees in their time of need, and often making them dependent on their services. However, that is not the case with auto title loans. What is an…
The biggest cause of debt is not knowing how to manage your money. If you spend more money than you earn, you accrue debt. Student loans, credit cards, car loans, mortgages, and payday loans are all forms of debt. Some are less problematic, but none are good to have. However, getting rid of consumer debt…
I hate the feeling of being in debt. There’s something about having the weight of a financial burden over my head that I just can’t get over. I know that some people aren’t particularly bothered by it, and while I wish that I had the ability to just brush aside debt, I can’t. Paying off…
Most people have experience with debt financing and credit purchases. The practice of buying goods and services on credit has been around throughout the history of the dollar, perhaps even earlier. The advantage of debt financing is that you can buy an asset sooner and can thus derive economic value—or pleasure—from it sooner. In today’s…
