Debt. In the world of personal finance, debt is a dirty word. Its sinful, carnal, an abstraction of evil itself. Growing up, I was always taught to avoid debt as much as possible. My parents taught me that the only reason you should ever go into debt is for education or a house, never for…
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Category Archives: Debt
What’s Yours Is Mine: Consolidating Your Debts After Marriage
The phrase “What’s yours is mine” is especially true when you get married. Not only are you joining together two separate lives, merging two households and sharing one another’s hopes and dreams, you’re also becoming the proud co-owners of each other’s debts. From here on in, your spouse’s debt is your debt, especially if you’ve…
New Year’s Resolutions For Your Personal Finances
While we all hope to have our personal finances in order all year long, a new year can give us a fresh start to change some of the areas that need improvement. This first post of the year should give you some ideas of what you can do to make 2010 the best year yet,…
Credit Education Week Canada
Today is the beginning of Credit Education Week in Canada. Credit Education Week focuses on teaching personal finance and money management. The theme this year is Couples and Money. The event is put on by Credit Canada and Capital One. The kick off starts this morning in Toronto and includes some of my favorite financial…
Do You Know If You Are Owed Money From A Bankruptcy?
Last week I wrote about how you can find money from an old bank account. I had hoped to hear from any readers that were able to find themselves in the Bank of Canada’s database, but there were none. I did hear from a reader that found some money owed to her, not from her…
How To Use Credit Cards Without Bankrupting Yourself
Credit cards, contrary to popular belief, are not a necessity. It is perfectly feasible to go through life without a credit card – but few are cash rich enough to do so and building credit is difficult without some kind of revolving credit in your history. Not to mention that making online purchases and accruing…
When To Consider Filing For Bankruptcy
There are many people who are feeling overwhelmed by the burden of their high credit load. This can be seen though the increase in consumer bankruptcies over the past year. If you are feeling like you’ll never be able to pay off the debt you’ve accumulated, you might be wondering if you should file for…
