by Seun Adeyemi | Nov 18, 2015 | Debt Management
With Financial Literacy Month (FLM) in halfway over, let’s drill down and discuss personal finance topics at a closer level. The last two weeks we wrote about Why Every Family Should Have a Budget and Why Financial Literacy Month Matters. The first goal of “Count Me...
by Seun Adeyemi | Oct 14, 2015 | Debt Management
A mortgage for most families represents the single largest debt of their lifetime. That makes the findings of a new survey from the Bank of Montreal especially alarming. Almost one in six Canadians said they couldn’t handle a $500 increase in their monthly mortgage...
by Seun Adeyemi | Oct 7, 2015 | Debt Management
If you ever plan to make a major purchase like a house or car, maintaining a healthy credit score is vital. Your credit score is a figure used by lenders to determine whether they will extend you credit. Not making your debt payments on time can be a costly mistake....
by Seun Adeyemi | Sep 30, 2015 | Debt Management
Can’t get enough of credit card rewards points? Join the party. There is a worrisome trend going on of consumers swiping their credit cards, just to earn reward points. The facts don’t lie – we are a nation obsessed with debt. Despite Canada only having 35 million...
by Seun Adeyemi | Jul 20, 2015 | Cash Flow Planning, Debt Management
How low can interest rates go? Even lower, apparently. Last week the Bank of Canada cut the overnight lending rate 25 basis points to 0.5 percent from 0.75 percent. This is the second time our central bank has trimmed interest rates in 2015. While the rate cut in...
by Seun Adeyemi | May 6, 2015 | Debt Management
Jake and Sarah, a professional working couple in their early 30 years, decide to purchase their first home. They take out a mortgage with a 25 year amortization, thinking that if all goes well, they’ll be mortgage-free by the time they’re in their mid-50s....
