Blog Articles

CMHC insurance only covers the lender, it does not protect you – pay more up front and avoid expensive insurance.

Do not co-sign loans for friends and family – unless you are willing and able to pay off the entire debt.

Income tax refunds are not savings – try to avoid overpaying and manage your own money better.

Use shopping coupons and price matching apps – save money on all your purchases.

Credit and debt are the same thing – they are just different terms if you don’t want debt don’t use credit.

do not over-mortgage your house – the amount borrowed should be the amount mortgaged.

Stay away from cash stores – emergency loans are far too costly.

Avoid reverse mortgages – they are very costly, consider selling instead.

Use credit for emergencies only – other than for a mortgage or car loan.

Prioritize your savings – put them at the top of your budget and don’t spend them.

Do not bank where you owe money – banks have a right of set-off and you can lose control quickly.