When did you last apply for a credit card, mortgage, or line of credit? Do you remember hearing the word “credit score” tossed around? Lenders use credit scores to help them decide whether or not they’ll lend to you. For example, a high credit score may help you secure a loan, while a low credit…
Credit card debt can be overwhelming, especially when you’re struggling to make ends meet. In these moments, it’s understandable to want to lean on your credit card to cover your immediate expenses. However, the weight of repaying those purchases can add extra pressure over time.
9 Steps to Pay Off Your Debt Faster Managing debt can feel overwhelming, but it’s achievable if you have the right approach. And you don’t have to go through it alone. At Credit Canada, we’re dedicated to helping Canadians eliminate debt and take control of their financial well-being.
Dealing with debt can be an intimidating prospect for anyone. Even if you have a great salary, it can be surprisingly easy to start amassing uncontrollable debt that seems impossible to deal with.
Creating and maintaining a budget is a crucial step toward achieving financial success in Canada. Budgeting allows individuals and families to manage their income and expenses effectively, ensuring that they can meet their financial goals and avoid unnecessary debt.
4. Make Energy Efficient Switches Where Possible From switching to LED lightbulbs to upgrading to Energy Star-certified appliances and home fixtures, Canadian homeowners can save hundreds on their heating, gas, and electricity bills. LED bulbs use up to 75 percent less energy compared to their traditional counterparts, and they last longer – without a detectable…
Personal finance is exactly that—deeply personal. Everyone has their own relationship with money. And while there isn’t a one-size-fits-all solution to handling finances, saving is important for everyone.
Tip 11: Splurge Guilt-Free for Special Occasions Make dining out a special treat by saving it for memorable occasions or celebrations. Establishing a habit of cooking budget-conscious meals at home can lead to significant savings, allowing you to set aside funds for guilt-free restaurant splurges. Engage the entire family in the process of meal preparation…
Every year, the deadline to file your personal income tax is April 30. If you owe on your taxes, you have until April 30 to pay without incurring any penalties or interest. But what if you can’t pay? What options do you have? Is Not Paying Taxes a Crime in Canada? Failing to pay your…
Which Debts Aren’t Worth Paying Down First? 4. Prepare For the Year Ahead You may have some big ticket items to save up for in 2025. January is the time to acknowledge your year-round needs and siphon a portion of your income each month towards these expenses. If you set aside $100 a month for…
