Category: debt

how to take control of your debt

Here are 7 simple steps to take care of your debt (there are a lot of assignments for this one): STEP 1 – Track your spending (and that means everything) – on a daily basis you need to find out everywhere that you spend money and how. Most people are able to cut out 20% of their unnecessary spending after they have figured out where and how they are spending money. For the next month […] read more

consumer debt crisis

Consumer debt is on the rise in Canada and globally. So, what is consumer debt? It can be defined as any debt that is used for consumption. The things you buy or pay for using money that you don’t have and pay interest for. Consumers are building up credit card debt, using payday loans, cash advances and cash loan services at incredible rates. Industry Canada says that the average debt has risen by 70% since […] read more