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Category: Tips for Money Management
CMHC Insurance
The cost of paying CMHC insurance (or similar private insurance) is very high and one that consumers should be properly advised on and educated about. The CMHC was formed in 1946 with a mandate to help provide housing for returning WWII veterans. Its mandate has subsequently been expanded several times by successive governments. In 1954 […]
Borrowed debt relief
Get out of debt today with a new loan! Does that statement make any sense to you? How can you possibly borrow your way out of debt? There is no such thing as borrowed debt relief, it is simply a case of moving the debt from one pocket and putting it in another. The only […]
Rags to riches
We are all familiar with rags to riches stories, how people (like Forest Gump) were able to turn their lives around and become successful despite adversity. I would like to share one such rags to riches story with you, it’s a true story about one of our former clients. I won’t use her name, but […]
Control Your Spending
Sounds easy enough doesn’t it? If only you simply control your spending you’d doubtless be somewhat better off than you are. I speak to a range of people about debt and money management from the ultra conservative to the lackadaisical. The conservatives can be very critical of lifestyle – “they really don’t need a smart […]
Support Payments
Filing a bankruptcy or consumer proposal will not help solve support payment arrears. The debt will survive the proceeding and you will need to keep paying that bill. Similarly, if you are receiving support payments they will be considered as a part of your family’s income throughout the proceeding. Support payments can affect the amount […]