People have varying opinions about the word “debt.” Some people view debt as a tool; others are wary of it; still others treat it like a two-flush corn log, refusing to touch it with a 10-foot pole. Despite these widely diverging viewpoints on the topic though, debt is a necessity for most of us, and it’s not nearly as well-understood as it should be. (more…)
Starting in 2019, there will be changes to the Canada Pension Plan (CPP). I have to admit I was a bit surprised when I heard about it (and only learned about it while I was researching something unrelated online). Also, the explanations of the changes given on the Government of Canada website were about as clear as mud, so I thought I’d try to simplify it for you. (more…)
If you’re like the majority of Canadians, you have multiple types of debt on your books. Maybe you have a mortgage, a car loan, a line of credit and a credit card. With Canadians now owing almost $1.70 for every dollar they earn according to Stats Canada, it’s no wonder one in three Canadians reported feeling overwhelmed by their debt.
So where do you start if you want to try and get out from underneath all that crushing debt? (more…)
My wife and I have an audacious goal: to retire at the age of 50. It won’t be easy, and it definitely won’t happen without a bit of sacrifice. But how do you know when you’re financially ready for retirement? (more…)
The decision to buy your first home is one of the biggest and most important financial decisions you’ll ever make. No pressure, right? Just when you decide you’re ready to start exploring though, you find yourself faced with a tough environment and some tough questions to answer. (more…)
You may have heard the term before: mutual funds. But what is a mutual fund exactly? How do they work? And why should you care? (more…)
Hey everyone, it’s been a little while since I wrote my original post explaining my student debt situation, and what I’m doing about it. Today, I’ve got my first update on how things are going! (more…)
You may have noticed I’ve been writing in the personal finance section of my site a bit more lately. That’s because I’m committed to paying off my five-figure student debt by the end of 2019. As I think about my own situation though, I’m reminded of the countless others who are in the same boat, and so I want to share the tools and tips I’m using to help put myself in better financial shape. (more…)
