Fears are powerful things.  They can cause us to make do some crazy stuff.  They can keep us trapped in a job we hate out of fear of not being able to support our family.  They can cause us to pull our money out of the stock market after a crash due to fear of

I was reading a BMO press release, and it explained that over 25% of Canadians are living from paycheque to paycheque, and that one in every three Canadians are living at or beyond their needs. What we all need to remember is that it is important that we maintain a healthy credit rating, and to

About a week ago, Bank Guru had a conversation on Twitter with Michael Jagdeo and he came to learn of a rule that sadly both of us were not informed on. The rule that we were both unaware of was the Rule of 72, and like Michael says, no one should be getting a credit

Scotiabank has released results of a new survey, which examined consumer debt levels and practices, and how Canadians feel about their debt. What were the results? Harris/Decima conducted the study and it assessed the borrowing habits of Canadians. 56% of Canadians feel that their level of debt is manageable, while another 27% of Canadians revealed

When you find yourself drowning in debt, whether it is due to bad spending on your part, or whether it is for a student loan; it takes a lot of time and hard work to eliminate your debt. When you finally become debt free it is among the greatest feelings in the world. The burden

Any thought of being hit with a negative event that could affect your finances is not something we like to think about, but it can happen. The prospects of something expensive, and beyond your control, can become less threatening if you are properly prepared for the unexpected. Virtually, we have to prepare for the unexpected,

Household credit levels are rising at their slowest pace since 2001 as Canadians begin to understand the message about cutting debt levels, according to a report from economists at the Canadian Imperial Bank of Commerce (CIBC). The report was released today, is in contrast to renewed warnings from Bank of Canada officials that Canadians are