Debt Blog, Debt Advice & Tips for Canadians

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Lifestyle Inflation: A Wake Up Call

By Amanda Reaume on June 25, 2016

When you get a raise at work, do you immediately think about what you’ll buy with the extra money? When you find out that you’ll be getting an income tax refund, do you plan a trip or a special outing? If it seems that no matter how much money you make you have a hard…

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The Real Reason I Paid off $38,000 in Two Years

By Jordann Brown on June 16, 2016

There are so many reasons to pay off debt. Maybe you want to be free from creditors. Or you want to increase your disposable income. Maybe you want to save more for things you care about like travel or a home, or maybe you straight up just want more money in the bank. These are…

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Should You Rent Your House Out On Airbnb?

By Amanda Reaume on May 20, 2016

With Airbnb growing in popularity, many people are wondering whether they could make extra money by renting their homes out on the site. Maybe one of your neighbours or friends is doing it. Or maybe you’ve stayed at an Airbnb listing while travelling. Whatever the reason, for those who are considering the prospect there are…

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What No One Tells You About Paying Off Debt

By Jordann Brown on May 11, 2016

When I started paying back my $38,000 debt load four years ago, I thought I knew a thing or two about debt. I knew that taking on student loans and car loans is considered normal. I knew that most Canadians carry debt. I knew that paying off my debt would not be an easy feat….

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Why Your Debt Service Ratios Matter

Why Your Debt Service Ratios Matter

By Debt.ca on February 20, 2016

For most families, a mortgage is the largest amount of debt you’ll incur in your lifetime. With home prices reaching the stratosphere in many housing markets nationwide, homebuyers are taking on larger mortgages than ever before. A mortgage represents a lot of money, so mortgage lenders do their homework before approving your loan. Lenders use…

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How to Tell Someone You’re in Debt

By Debt.ca on February 18, 2016

Do you need to tell someone you’re in debt, but are afraid of their reaction? Honesty and trust are vital in a healthy relationship. If you’re in debt and hiding it from your partner, family, and friends, you’re only ignoring the inevitable. Sooner or later, they’re going to find out about your debts and feel…

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How To Budget And Save for Your Upcoming Wedding

How To Budget and Save for Your Upcoming Wedding

By Debt.ca on February 9, 2016

Are you preparing to walk down the aisle? While your wedding should be the most important day of your life, it’s equally important not to lose sight of your budget. Weddings don’t come cheap these days. The average wedding in Canada costs $22,429, according to a WeddingBells.ca survey. If you’re planning to go on a…

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3 Ways to Motivate Yourself to Pay Off Debt

3 Ways to Motivate Yourself to Pay Off Debt

By Debt.ca on August 5, 2014

Motivating yourself while you’re in debt is a huge challenge. Even after making huge gains, you’ll still see red on your balance statement for quite a while. Here are three ways to stay motivated while you get out of debt. Know where you’re going and how to get there Debt is often scary and overwhelming…

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How To Save Money at Garage Sales

How To Save Money at Garage Sales

By Debt.ca on August 1, 2014

Whether you’re a first-time homebuyer on a tight budget or a frugal spender, there are plenty of deals to be had at garage sales. As a ritual, every spring there are plenty of street sales where homeowners set up shop in front of their property. Yard sales are the perfect time to socialize with your…

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Should You Buy The Extra Warranty? red background white "extended warranty" with a checkmark

Should You Buy The Extra Warranty?

By Debt.ca on July 28, 2014

Whenever you’re making a major purchase you’re often asked if you’d like to purchase an extended warranty. An extended warranty acts just like an insurance policy for consumer purchases – if your brand new washing machine or TV set stop working once the manufacturer’s warranty is up, you’ll still be covered Retailers offer extended warranties…

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