Experience your Debt Differently
It’s payday. You’re trying to figure out what to pay, how much you need to get you through the month (or following your spending plan that you created to make life easier! Yes!). You...
Category: Dealing with Debt
What do I do if my elderly parent is in debt?
This question comes up a lot. Often if you are caring for a parent. Sometimes it is quite the surprise (shock!) to find out how much debt your parent has. Recently I had a...
To pay or not to pay? That is the question…
What if you are faced with a hard decision. You have to decide what to pay and what not to pay. How do you decide? And how do you handle this stressful decision? Now...
Help! I owe Canada Revenue Agency (CRA) money!
There are so many misconceptions around paying CRA for debt owed. I thought I would dedicate this blog to some of them. First, there are different kinds of debt. Personal Income Tax Payable –...
Are you Nickle and Diming yourself to Debt
I was recently reflecting on the reasons that people walk through my door. Of course, they come to me because they are experiencing some type of financial hardship and they need advice. But I...
Who is the honest but unfortunate debtor?
Recently I was led to pondering one of the main objectives of the Bankruptcy and Insolvency Act. And that is providing a fresh start to the honest, but unfortunate, debtor. I found myself asking (myself), “Who is the honest, but unfortunate debtor?”
Do I pay off my high-interest card or low-balance card first?
Should I pay off my high-interest credit first or my card with the larger balance? Finding the solution that is best for you can be challenging. The following questions can assist in making that decision.
Live NOW .. Pay ‘dearly’ LATER
There’s an epidemic in today’s society. We are borrowing on our lives. And payment day is coming earlier and earlier. Is it sad, that at age 40-something :), I look forward to retirement. That in the same breath I fear it, simply because I have little (translated into none) savings at this point because every day, every week, every month, the cash flow that I do have pays for our basic living needs and ensuring that our kids get to have some opportunities in their lives?
You divorced the fool…unfortunately not his debt…now what?
You divorced the fool…unfortunately not his debt…now what? ‘Till death do us part or ’till debt do us part?
There seems to be a common misconception about debt and who in a relationship is responsible for it. I’d like to take a few moments of your time and clear up some misconceptions if I may.
Breaking up with Credit
I envy people who have no debt. I want to be like them. I really do. I have the skills, I have the desire, yet it seems like a goal floating in the wind. I can see it. And almost touch it but it keeps floating away from my grasp. Oh I’ve made some progress over the years, but unsteady income, child care and investments in my education have all ensured I don’t get too far away from debt. Not yet anyway. But I’m nothing if not persistent!
