Money Management Blog
Welcome to the Credit Counselling Society’s Blog.
Debt Help Blog
Bankruptcy, Budgeting, Credit Counselling & More
Learn all sorts of great ways to manage your money better, solve your debt problems, and use your credit more wisely. We also tackle a lot of credit myths and misconceptions. Do you have questions about money management, budgeting, or credit? If you need advice or help with your debts email us your questions or chat with us online. We’re happy to help.
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How to Cut Costs for an Emergency Budget
When your income suddenly drops, your spending may have to as well. Many Canadians don’t have an ...
Do you ever wonder about the top strategies to pay off debt? The path to being debt-free requires dedication, persistence – and most importantly careful planning and strategizing to fit with all of life’s circumstances. When you have credit card debt on multiple accounts and owe many creditors, these debts won’t magically go away.
Credit cards come with steep interest rates, will add up to a mountain of debt if not managed carefully, and can set you up for a lot of stress when an unexpected emergency hits. Instead of being a slave to your credit cards to make ends meet, here’s how to switch over to better money management strategies to get a handle on your money and debt.
Owning or renting a home can be a pricey undertaking. How do you manage these costs when you’re also struggling with debt and the economic uncertainty of a pandemic?
Is your budget prepared for the potential economic impact of a pandemic illness? As the rates of the coronavirus (also known as COVID-19) continue to spread around the world, school and business closures as well as social distancing and isolation measures are becoming more widespread.
For some people, personal finance management is a passionate hobby, while for others it’s a daunting chore. Either way, personal financial planning – including budgeting, tracking your spending, and saving – is crucial if you want to get out of debt and reach your financial goals.
Sometimes catastrophe strikes and we end up in a financial crisis. From natural disasters, large-scale pay system errors, illnesses, or sweeping layoffs, Canadians can face major financial emergencies, leaving them suddenly without steady pay or on the hook for significant expenses.
If you’re looking to find the money to pay off debt quickly, or even jump start your savings fund, taking on a No Spend Challenge is a great tactic to curb your spending.
So you’re ready to charge full steam ahead at paying off your debt, doing everything you can to throw extra cash at your lenders until you’re officially debt-free. If you stay focused and plan strategically what you’re doing with your income, you can pay off debt faster.
Here are 4 of the most common financial goals we hear and what to do to make them SMART. A goal that is specific becomes measurable. Once it’s measurable, you can ensure it’s attainable and realistic.
New Year’s Resolutions: How to Set and Achieve Specific Financial Goals in 2020
I want to lose weight. I want to save more money. I want ...
As yet another year draws to a close and a new decade begins, it’s time to reflect on the past 12 months, how you’ve fared with paying off debt, managing your budget, and what you’d like to do with the year ahead.
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