A new series will be launched on Saving for Serenity; this series will hopefully be able to help you escape your debt, and possibly save a bit of money while you are at it. Rule 1 to escaping debt is to actually acknowledge that you are actually in debt and that the problem is no

Saving money on interest costs, improving your cash flow and becoming debt free are just as important as to borrowing the funds necessary to achieve things you want. In times of borrowing, especially if we go through our credit card, we can end up acquiring a high balance, which brings us into a pile of

Royal Bank of Canada (RBC) is keeping a close eye on rising household debt levels in the country, but it believes that Canadian consumers are still in a more enviable position than the U.S. President and chief executive officer of RBC, Gord Nixon told an industry conference that the strength in the residential real estate

Many teenagers will find themselves owning a credit card that is linked to their parent’s account to use in case of an emergency. Now this is fine for those who are under the age to get their own, however when the time comes for them to get their own, parents should allow them to. The

With the holidays now behind us, many of us will find our bank accounts are bound to decrease significantly due to the bills that have been stacked. To help you take control and lower your debt, here are a few tips to consider. 1. Consider getting a loan If you happened to use a high

We are constantly being warned that we need to make sure that we can all manage our debt levels today and for the time when interest rates go up. Mark Carney, governor of the Bank of Canada issued a warning on Wednesday concerning this matter. The Canadian economy has gone through the recession better than

The number of bankruptcies in Canada have fell significantly in October compared with the month before. The change is largely due to a change in legislation that makes filing for bankruptcy more difficult. There were 9,245 personal and business bankruptcy filings in October, which is down from 12,792 in September according to data released by