Debt.ca, Author at Debt.ca - Page 6 of 9

Good Debt vs. Bad Debt

By Debt.ca on February 22, 2013

In our last article we discussed paying off debt or investing in your RRSP. That really begs the question about debt, and whether all debt is equal or if some debt is ‘good’ while other debt is ‘bad’. Most people tend to see debt in those two categories, but definitions vary and of course your…

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RRSP Loans – Should You Get One?

By Debt.ca on February 9, 2013

We’re already in February and that means every finance blog in Canada is talking about RRSP season. RRSP’s are a fantastically powerful investment vehicle, which is why banks tell you if you don’t have the money to contribute, it makes sense to take out an RRSP loan. The pitch is pretty simple: You’ll get a…

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Earning Money As A Teenager

By Debt.ca on January 30, 2013

Most of us grew up with almost nothing in the way of an education about money. We modeled our parents and eventually either continued to copy their behavior or ended up doing the exact opposite. If you have teens, you have the perfect opportunity to teach them not just valuable financial skills, but also valuable…

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How To Lower Your Credit Card Interest Rate

By Debt.ca on January 28, 2013

Hopefully you pay attention to the interest rate you’re paying on your credit card and hopefully you’ve realized how outrageous it is. In working to pay off your credit card debt, always remember that reducing your interest rates now will save you a lot of money in the future and your debt payoff will be…

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What To Do With A Financial Windfall

By Debt.ca on January 22, 2013

Most of us aren’t so lucky that money frequently falls out of the sky. When it does, whether in the form of an annual bonus, income tax refund, insurance settlement, income from the sale of something, or as an inheritance, deciding what to do with it can be a bit overwhelming. What Are You Doing…

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Slash Your Bills And Save Money

By Debt.ca on January 18, 2013

Cutting spending is one of the first steps to taking control of your finances and getting out of debt. But there are always bills that seem necessary and we don’t really think about reducing them. Today we’re going to talk about the 3 R’s for how to negotiate discounts on your bills. Remember that every…

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Your Home Is A Business – Couples And Money Part 5

By Debt.ca on January 16, 2013

While most people shy away from talking about money, the fact is that running your home should be seen as running a company.  You and your spouse are the CEO’s and CFO’s rolled into one, and you’re responsible for managing the income, dealing with expenses, paying taxes, and investing. Communicating with your significant other about…

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You Don’t Deserve Anything

By Debt.ca on January 7, 2013

See if the following sounds at all familiar to you: “Hmm, I can’t really afford this car/vacation/TV/whatever else, but I’ve been working really hard lately and haven’t done anything for myself – I DESERVE this” If you’re like most people, you’ve had lapses in judgment like this where you justified a purchase you couldn’t afford…

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Cut Back On Coffee Or Make More Money?

By Debt.ca on January 5, 2013

The most common debt-reduction strategies always seem to focus on cutting back.  Made popular by David Bach with his “Latte Factor”, the idea is that by eliminating these tiny transactions you make every day you’ll end up saving a ton of money that you could be putting towards debt or investing. The True Price Of…

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Celebrate Your 2012 Wins And Prepare For Greater Success In 2013

By Debt.ca on December 26, 2012

New Year’s resolutions always sound like a good idea.  We like making them because it’s such a specific and distinct point.  The idea of a NEW year gives us an excuse to break from the past and, in some ways, start with a blank slate on a given area of our lives. They rarely work,…

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