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Should You Rent or Buy a Home When You Start Working Full-Time?

Tuesday, November 14, 2017

You have made it through the grueling task of finishing college or university. Now that you have your degree, you’ve finally found a job that put you on salary or a decent hourly wage, and you are working full-time. Now the only question remaining is whether you should rent or buy a home? 

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How to Get the Most Out of Home Ownership in BC

Friday, November 03, 2017

Owning a home can be a symbol of financial security, but it can also be a financial trap for those ill-prepared for the task. Your home, after all, is the largest asset you will ever have. If you purchase it right, and be careful when it comes to debt, you could maximize how that investment works for you. 

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How to start saving for retirement

Wednesday, September 13, 2017

Most Canadians start thinking about their retirement early, but not necessarily about how they can afford it. When it comes to saving money, arguably the most important factor is premeditation. Consciously putting aside a percentage of your pay cheque or another specific amount each month is an excellent way to start growing your retirement fund—ideally, your actual RRSP. Saving tends to go hand in hand with budgeting because placing limitations on your everyday spending will certainly increase your likelihood of having leftover finances to tuck away for the future. 

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How to cover the costs for your education

Thursday, August 31, 2017

Education is crucial to most Canadians’ success, but unfortunately, not everyone can manage the inevitable expense that comes with it. Some individuals may qualify for financial aid if they are unable to cover their tuition, but there are specific factors involved. Normally, being eligible requires a minimum grade average that demonstrates being a quality student. Building up an RESP or obtaining student loans are additional options to help fund your education. 

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What are the signs of financial abuse and what to do about it

Tuesday, August 15, 2017

The subject of financial abuse may not be addressed often, but it is more common than many people realize. Unfortunately, it often goes unnoticed as the victims either do not notice the abuse themselves or have been too weakened to do anything about it. Spouses in relationships, victimized by their partners, and elderly individuals, victimized by their own family members or others, are most likely to suffer in these cases. 

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Latest trends and statistics about Canadian credit card usage

Friday, July 07, 2017

As the economic climate and consumers’ financial habits continue to shift, experts are finding that active credit card accounts are actually declining. But just because individuals are cutting back on the number of cards they are using to make purchases, does not mean they are reducing their credit usage altogether. In fact, despite the trend of obtaining fewer cards, consumers are actually accumulating more debt on the accounts they already have in the process. 

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Leaving debt for your children and grandchildren

Friday, June 30, 2017

Current and future government debt
Despite some hopeful sentiments currently being spouted in the political arena, many experts say that leaving the next generation with significant debt in British Columbia is inevitable. This conclusion takes into account current consumer debt across the province, which is expected to reach almost $80 billion in the next few years. As consumer debt across Canada has risen steadily, Vancouver and other cities have certainly followed suit and it falls on taxpayers to worry about this―both now and down the road. 

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