Spring cleaning can be a good exercise for you, your closet and your finances. As the weather starts to improve and that fresh spring breeze starts to blow I just want to throw open the windows and the closet doors and clean house. Results: collection of clothes, home decor, odds and ends that are still very…
Tax time has come again and many people are faced with the problem of owing Canada Revenue Agency , hundreds or thousands of dollars in income tax. Often it is a painful time of year and it can be made worse if you are already suffering with over extended credit cards or other debt. Avoiding…
Are you Ready for Change? Turning the Page – Is a 4 part series on Financial Reform -by Sheila Smelt Okay. 2013 is done and 2014 lies before you. How will this year be different than the last for you? For most of us it won’t be much different at all and that’s frustrating. Beginning…
Do you have Debt Trouble? Recognizing that there is an issue can often be the first step in recovery. You have gotten on a path, are you are speeding towards an economic catastrophe? Canadians and in particular BC residents are carrying more debt than they recommended, levels of debt that are not sustainable if interest…
Who Qualifies For Bankruptcy The answer is very simple. To be eligible to file for bankruptcy you must: owe at least $1,000 and have debts greater than the sale value of your assets and are unable to pay your debts when they are due. Who Qualifies For Consumer Proposal This answer is also very simple….
Budgeting is a learning process. We’ve said before that there is no such thing as the perfect budget. The truth is no two people will make the same budget even if they are living on the same income, in the same neighbourhood with the same number of dependants, nor should…
Budgets need to be managed. New Years and everyone has high hopes of managing their money in a better fashion. That means keeping track on a fairly regular basis. Without some form of monitoring, you will have no way of knowing: If your budget is realistic; if you are working within your budget; or if…
Routinely we are asked how to improve or better a credit score. Managing credit comes with personal responsibility, Credit scores are the same. Each needs to be watched over carefully to prevent needless errors and incorrect or outdated information being attached to your name and file. . In Canada the two main credit reporting…
Ready for the holidays? As the cash crunch begins, we see so many families budgets go out the window. The average consumer in BC is going to spend $1460.00 this year on gifts, wrap, food, alcohol celebrating the Christmas season this year. But what about all the extras? Travelling, days off work, donations to charity,…
