Prepaid credit cards can often seem like the perfect solution for those who have high debt, poor credit history, but still sometimes need to be able to use a credit card for things like reserving hotels or car rentals online. But nothing in life is perfect and unfortunately, that holds true for what...
Do you have about $400,000 in assets just lying around? Because according to Environics Analytics, that's the average net worth of Canadians. Or rather, $400,151, to be exact. It's the first time in history that our net worth has reached past the $400,000 mark, and it did it by the end of 2012, whe...
Ever since our household debt to income ratio climbed above 150 per cent, people have been worried about this country. Not just by the amount of debt we've taken on, but seemingly even more so by the fact that this debt is dangerously close to where those debt levels were in the U.S. in 2007 before ...
Yesterday we talked about credit card skimming, and how it is one of the few things that prepaid credit cards leave you vulnerable to. Skimming is when a thief changes an ATM or Interac handheld machine so that they can later read all of the information taken off the black magnetic strip, or the emb...
Prepaid credit cards can be a great answer for those who have poor credit, or just want to make sure they don't get too far over their heads into debt. We're talking about the cards, available largely through Visa, that you can put money on, and then use them just like a regular credit card. Once th...
The National Household Survey is a survey compiled every year by Statistics Canada so they can gather social and economic data about Canadians, where we live and how we live. Everything from transportation to our careers is always covered, and here are the top points from this year's survey which wa...
Last week we talked about what the average bankrupt Canadian looks like. After a survey was completed by bankruptcy trustees Hoyes, Michalos & Associates, it was found that that's a 43-year-old man that owes more than $60,000 in non-mortgage debt. But of course, bankruptcy does not discriminate ...
Of course no one can tell just by looking at you if you're going to go bankrupt at some point in your life. But bankruptcy trustees Hoyes, Michalos & Associates just searched through hundreds of bankruptcy filings from 2011 and 2012 to try and determine what the typical bankrupt Canadian looks l...
Get it done as fast as possible, and for as little money as you can possibly fork over. These are the two biggest goals you have when embarking on renovations, right? For many homeowners unfortunately, they are. The project just needs to get done quickly so you can start realizing all that extra val...
We love surveys! This morning we brought you the results from one showing how many Canadians are living paycheque to paycheque, and now we have another, indicating how much paid vacation time Canadians get, on average, each year. But don't get too excited. Canada ranks third-worst on the list, bei...
According to a new survey conducted for the Certified General Accountants Association of Canada, over one-third of Canadians say that after they've paid their monthly bills, there's almost no money left. And of those Canadians living paycheque to paycheque, Ontario sees the most. The survey was don...
Whether you've become vegan because the rising prices of dairy are just too much to handle; or you've made changes to your budget in other areas due to the same increases, the chances are very good that you're among the many Canadians who have noticed the increasing food costs. And that you've made ...
Subscribe our blog for news & updates
Click To Call us Now
