According to a recent Equifax survey, 97% of Canadians feel vulnerable to fraudsters and identity theft, and with good reason. With the increasing reliance on technology and online transactions, the risk of falling victim to these scams has grown significantly. Unfortunately, anyone can become a target for fraud, regardless of their financial situation—whether through email […]
In a post-pandemic climate marked by inflation and escalating interest rates, many Canadians are embracing buy now, pay later (BNPL) payment plans. These payment methods are short-term financing plans that allow consumers to pay for purchases in installments (primarily online) instead of the total amount upfront, usually interest-free. For those facing financial constraints, BNPL can […]
It’s no secret that many Canadians are facing financial challenges, with debt becoming a major concern for a significant portion of the population. This financial strain has left many individuals and families searching for ways to find some extra cash and alleviate their debt burden. While you can certainly consider personal loans or lines of […]
You may have heard the old saying, “A penny saved is a penny earned.” And while it might seem cliché, there’s a lot of wisdom in those words. Saving money and reducing debt doesn’t always require drastic measures. Often, small daily changes can have the biggest impact on our financial health. Saving money and living […]
With rising prices on necessities like groceries, pinching metaphorical pennies is at the top of many Canadian’s minds in 2023. In 2022, grocery prices saw the highest inflation rate since the 1980s, while other goods are rising due to supply chain challenges. Though inflation rates are largely out of our control, there are still methods […]
“Recession” is a financial term you need to know, whether you’re a business owner or managing personal funds. When you’re unprepared for a recession, it can severely change your financial plans. During the 2020 recession or Great Lockdown, many businesses filed for bankruptcy, and individuals filed consumer proposals because of overwhelming debt. About 48% of […]
Budgeting can feel like a juggling act. Research shows that 48% of Canadians have lost sleep due to financial stress. It’s important to create a plan for your expenses to ensure you have enough money for the things you need. Whether you just went through a life change, growing your business, or helping out your […]
What are your financial goals? Will a loan help you reach them faster?. For example, loans can grow your business, get you through in a pinch, or help you buy assets, such as a vehicle. Even though loans are a great way to boost your finances, you need to consider the cost of interest payments […]
Understanding your personal finances can be overwhelming. Many people don’t know where to start, which can be discouraging. This can keep people from learning about their finances until they are forced to. But learning about your personal finances doesn’t have to be scary! With a bit of planning, a good strategy, and a basic understanding […]
Read More… from 10 Financial Lessons & Skills I Wish I Learned Earlier
Getting a handle on your own finances seems daunting, especially when the industry’s jargon is unfamiliar. (That’s why you leave it to the pros, right?) But having a basic understanding of some common financial terms can help you navigate your finances a little better and save you some time to focus on investing or nurturing […]
Read More… from Financial Terms You Need to Know: Net Pay, DSR, Cash Flow, & More
Loan repayment terms of 6 – 84 months. APR between 16% and 48%. Example $1000 unsecured loan borrowed for 12 months at 29.9%, monthly payments of $106.46. Total repayment with interest $1,277.58. This information meets the requirements of the Consumer Protection Act
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