Debt Blog, Debt Advice & Tips for Canadians

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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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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How To Save Money As a Stay at Home Parent

How To Save Money As a Stay at Home Parent

By Debt.ca on July 23, 2014

Raising a child is a rewarding experience, but it’s also very costly. Here’s a shocking fact: raising a child can end up costing you more than a house over your lifetime. Your family will also take a hit to their income when one parent decides to take maternity/paternity leave and become a stay-at-home parent. Whether…

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Couple talking about if this a good time to buy a home?

Is this a good time to buy a home?

By Debt.ca on June 29, 2014

Considering the pandemic, is this a good time to buy a home in Canada? While COVID-19 has been one of the most awful events in recent history, there have been some unexpected bright sides to come of it. Not to make light of the situation, however, people are struggling with income and staying ahead of…

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Frugal Living vs. Big Wins

By Debt.ca on January 3, 2014

When you’re struggling with debt, it’s hard to ‘think big’. Pinching pennies becomes a way of life and your next bill is the only thing you’re concentrating on. But maybe this isn’t the best approach. The Immediate Danger In martial arts, some teachers say that in any conflict you should ‘address the immediate danger’. This…

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Rethinking Debt

By Debt.ca on November 27, 2013

When it comes to debt, it seems people fall nicely into these two categories. Some people passionately believe that all debt is bad, while others argue that the only way to truly get ahead is by using borrowed money as leverage. At Debt.ca our goal is obviously to help people get out of debt, but…

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Frugal Dating Without The Embarassment

By Debt.ca on September 9, 2013

Whether you are in a long-term relationship or are just getting started with someone new, dating can, unfortunately, take a large toll on your wallet. The last thing you want to do is be cheap on a date, but that doesn’t mean you should go further into debt just to impress someone. Finding budget-friendly activities…

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What It Means To Be In Debt

By Debt.ca on March 18, 2013

Every few months there’s a report on the news telling us what the average debt-to-income ratio is in Canada. This number is used, in theory, to tell people just how bad their debt level is and, on a larger scale, to help analysts determine just how precarious our national financial situation is. Calculating Your Debt-To-Income…

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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 another debt is ‘bad’. Most people tend to see debt in those two categories, but definitions vary and of course, your…

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