Debt Blog, Debt Advice & Tips for Canadians

man typing on laptop

Dealing With Debt: The Debt Avalanche vs Debt Snowball

By Rubina Ahmed-Haq on April 5, 2018

Face it, when it comes to debt, no matter how big or small, it can be a major source of anxiety for Canadians.  Paying debt off is a priority for most people but many worry about how they will do it. According to the most recent MNP Consumer Debt Index, Canadians are increasingly worried about…

read full story > 1 Comment

debt free before getting married

How to Become Debt Free Before Getting Married

By Amanda Reaume on March 16, 2018

Are you planning on getting married, but worried about how the credit card debt, auto loans, or student loan debt you or your partner currently carry will affect your relationship? Learning how to become debt free before getting married is important. It’s no secret that money is one of the things that couples fight about…

read full story > No Comments

credit card, laptop, woman at desk

Interest Rates Are Rising – Now is the Time to Get Out of Debt

By Amanda Reaume on March 5, 2018

Got credit card debt? How about personal loans, home equity lines of credit, or auto loans? If you do, the cost of servicing your debt may increase in 2018. Bank of Canada has already increased interest rates to 1.25 in January, up from 1 percent. This might not seem like a huge jump until you…

read full story > No Comments

Young women hiking in the mountains

How to Budget For Summer Holidays

By Alyssa Davies on March 29, 2017

I know what you’re thinking – summer seems way too far away to be worrying about what lies ahead. However, that is exactly why you need to start planning and prepping for any upcoming expenses for your summer vacation. Not unlike Christmastime, summer travel and events can end up being just as costly. Wedding season…

read full story > No Comments

which debt should you repay first

Which Type of Debt Should You Repay First?

By Amanda Reaume on March 23, 2017

Some people feel very anxious when they’re in debt and want to pay it off as soon as possible. But if you have a lot of debt or if you have many different types of debt. So which debt should you repay first? The first thing that you should realize is that there are some…

read full story > No Comments

A heart drawn in the sand at the beach getting washed away

The Cost of Breaking Up

By Rubina Ahmed-Haq on March 23, 2017

We all know the cost of getting married is expensive. But have you stopped to think about how the cost of breaking up can be even more? Many couples don’t consider the financial consequences when they call it quits on their marriage. Without a doubt, you should never stay with someone just to save money,…

read full story > No Comments

Hands typing on the laptop

10 Personal Finance Bloggers Share Their Best Money Advice

By Alyssa Davies on February 20, 2017

Every financial situation is unique and unlike others’ experiences, which is why every piece of information you can absorb during debt repayment will help. I know, I know, you’re tired of hearing the same old instruction from the same old places. So instead, we decided to see what others (who have been through similar circumstances)…

read full story > No Comments

Skier in the woods

My Guide to a Frugal and Fun Winter

By Jordann Brown on February 7, 2017

When you’re in debt repayment mode, cutting down on your variable expenses is an important way to free up extra cash to pay off your debt quicker. I did it, and it was a key part of my debt repayment strategy. Cutting down on variable expenses is as simple as ditching any expense that you…

read full story > No Comments

The back of the legs of a person wearing jeans standing in the middle of the street

4 Money Moves You Can Do To Start The Year Off Right

By Andrew Daniels on January 2, 2017

With 2016 in the review mirror, it’s time to turn our attention to the amazing year ahead and see what 2017 has to offer. With all of the possibilities and opportunities, it’s hard to know where to begin. To make the most of your money this year, make sure to follow these financial tips for the…

read full story > No Comments

Young lady outside a brick home whispering to a child

The Secret to Crushing Your Debt Before it Crushes You

By Andrew Daniels on December 1, 2016

The Secret to Crushing Your Debt If there is something that I have been asked many times since we paid off our mortgage it’s “What’s the secret to crushing debt?” Is there really a secret formula to crushing debt? In a word: Yes. There are methods that will help you crush your debt that is…

read full story > No Comments

Free Savings Estimate

How much do you owe?

$100,000

$5,000
$100,000