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Debt Worries May Put Damper on Holiday Buying
Feelings of financial insecurity could overwhelm the Christmas giving spirit, making Canadians less likely to splurge on holiday shopping this season, according to a survey released Tuesday by Deloitte Canada. With a growing number of respondents pessimistic about the economy... (Continue reading)
Canadian Debt Levels Keep Rising
Canadians continued to rack up debt in the second quarter of the year as they took advantage of low interest rates, Statistics Canada said Tuesday. The ratio of credit market debt to personal disposable income crept to 148.7 per cent... (Continue reading)
Why it’s So Easy to Spend in the Summer
I’m always tempted to spend a little more money in the summer when I’m out and about with the family, particularly when it comes to eating out. When we’ve been out at the park or the playground, and the kids... (Continue reading)
5 Childish Reasons For Not Saving
There are five major reasons employees don’t save for retirement, according to a Buck Consultants brief released Thursday. As cited by Pensions World in February of this year (see Pensions Provision: Why save for retirement) they are: 1.) A fatalistic... (Continue reading)
Bankruptcies Down in 2010
The total number of Canadian businesses and individuals claiming bankruptcy dropped 11.5 per cent in 2010 compared to the previous year, new data released Friday shows. The Office of the Superintendent Of Bankruptcy Canada said consumer involvencies were 11 per... (Continue reading)
Family Debt-to-Income Ratio Hits Record
Written on 18 Feb, 2011 at 16:11 in Personal Finance | Comments
The average family debt-to-income ratio in Canada has now hit a record 150 per cent, the Vanier Institute of the Family said Thursday. That means for every $1,000 in after-tax income, Canadian families owe $1,500, the institute said, while releasing... (Continue reading)
Should You Take Money Out of RRSPs to Pay Off Debt?
Courtesy of Balance Junkie I’ve had a lot of inquiries about this lately, so I thought I would address it today. I’ve written about RRSP Basics and RRSPs vs. Paying Down Debt, but these articles dealt mainly with general issues... (Continue reading)
30 Financial Moves Before 30 – Ideas Worth Trying
Written on 13 Jan, 2011 at 4:29 in Better Living | Comments
I started reading the Art of Non-Conformity the other day and the idea of the life list/bucket list got me thinking again. I started thinking about my bucket list for what I want to accomplish before I turn 30 (in... (Continue reading)
Will Canada’s housing bubble burst?
Written on 8 Jan, 2011 at 9:32 in Personal Finance | Comments
Home ownership is at the centre of many Canadians’ financial retirement plans. That’s especially true for baby boomers who are sitting snugly atop a nice wave of real estate inflation. In fact, the average price of a detached home in... (Continue reading)
How to Solve a Debt Problem
Written on 14 Dec, 2010 at 0:39 in Personal Finance | Comments
Courtesy of Balance Junkie There’s little debate that the financial problems we face, both collectively in terms of the economy, and individually in terms of our personal finances, are rooted in debt. We have major balance sheet issues at the... (Continue reading)
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