Financial Education
We’re passionate about helping you develop money skills.

What to Know Before Using a Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) or loan can help you consolidate debt or pay for big expenses. Here’s what you need to know first to avoid debt problems.

Why Your First Checkup of 2021 Should Be a Financial Health Assessment

Getting the right checkups is important to staying healthy every year. Here’s why your first checkup of 2021 should be to assess your financial situation.

4 Common Debt Consolidation Mistakes & How to Avoid Them

While debt consolidation might be your best option when you’re struggling with multiple debts and want a fresh start, here are 4 common mistakes to avoid.

Can You File for Bankruptcy and Keep Your House?

Can You File for Bankruptcy and Keep Your House?

Can You File for Bankruptcy and Keep Your House? By Jordan EvansA lot of people ask us the question, “Can you file for bankruptcy and keep your house?” The answer depends on how much equity you have in your home (except for Quebec). Most of the time, we think of...

7 Things That Are Not On Your Credit Report

7 Things That Are Not On Your Credit Report

7 Things That Are Not On Your Credit Report By Julie JaggernathYour credit report is a snapshot of your financial situation at a single point in time. Your credit history report lists your current credit accounts, how you’re managing your debts, and how often you’re...

How To Pay Off Credit Cards as Quickly as Possible

How To Pay Off Credit Cards as Quickly as Possible

How To Pay Off Credit Cards as Quickly as Possible by Stacy Yanchuk OleksyIf you’re looking for how to pay off credit cards on your own and get out of debt, you’ve made a great choice! Here’s a quick, down and dirty run through of two credit card payoff strategies to...

Should I Pay Off Debt or Save Money?

Should I Pay Off Debt or Save Money?

Should I Pay Off Debt or Save Money? By Jordan EvansNow that the holidays have come and gone and many of us are attempting to deal with our holiday spending-induced credit card debt, we may be asking ourselves the same question: should I pay off debt or save? Getting...

Can I Keep My Car If I File for Bankruptcy?

Can I Keep My Car If I File for Bankruptcy?

Can I Keep My Car If I File for Bankruptcy? By Jordan Evans We find a common question people ask is “Can I keep my car if I file for bankruptcy?” They want to know what happens to your vehicle if you declare bankruptcy. Will you lose your car in the process or will...

What to Do if You are Sued by Creditors

What to Do if You are Sued by Creditors

Help, I'm Being Sued! What To Do When You Receive a Notice of Claim for a Debt By Clare SmithYou know you’re being sued for a debt when you receive a Notice of Claim. A Notice of Claim, sometimes called a Demand Letter, Claim or Statement of Claim, usually arrives via...

7 Bankruptcy Myths in Canada

7 Bankruptcy Myths in Canada

Bankruptcy Myths and Misconceptions By Julie JaggernathBankruptcy one of the first things that comes to mind for many Canadians who are experiencing financial difficulty, even though they are not really sure what the bankruptcy process is. This misunderstanding is...

5 Steps to Rebuilding Credit in Canada

5 Steps to Rebuilding Credit in Canada

5 Steps You Can Take to Rebuild Your Credit Score By Debra PangestuPast money mistakes can have an impact on our credit score and hamper our chances of qualifying for a loan or getting a good interest rate; but the good news is, with some time and perseverance it is...

How to Get Out of Debt in 2021

How to Get Out of Debt in 2021

12 of the Best Ways to Get Out of Debt Quickly By Jordan Evans & Julie JaggernathA lot of people tell us that they would love to pay down their debt or completely get rid of it altogether, but they aren’t quite sure of the best way to do it or where to get...

How to Pay Debt Off With No Money

How to Pay Debt Off With No Money

How to Pay Off Debt With No Money Are you wondering how to pay off debt with no money? Maybe you’re in a situation where you or your family have a budget that’s barely holding together and are living pay cheque to pay cheque. The best way to overcome this challenge...

How to Cut Costs for an Emergency Budget

How to Cut Costs for an Emergency Budget

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 emergency fund to help weather financial storms. Without that, cutting costs is the next option to consider. Tracking your...

13 Money Saving Tricks to Pay Off Debt Quickly

13 Money Saving Tricks to Pay Off Debt Quickly

13 Money Saving Tricks to Pay Off Debt Quickly 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. The average Canadian’s non-mortgage debt is $29,312,...

Christmas Budgeting Tips

Christmas Budgeting Tips

Practical Tips to Avoid Debt During the Holiday Season With a week to go before the big day, you’ve got the big bushy Christmas tree, the perfectly wrapped presents, the festive turkey with all the fixings, and all of the other details that come with the holidays....

The Simplest Way to Track Your Money

The Simplest Way to Track Your Money

The Simplest Way to Track Your Money By Julie Jaggernath Keeping track of our money can be as simple or as complicated as we make it. It comes down to how you view your budget. Do you think of it as a way to plan how to spend your money, or as a way to keep track of...

What Is the Bankruptcy Process in Canada?

What Is the Bankruptcy Process in Canada?

What Is the Bankruptcy Process in Canada? What is the bankruptcy process in Canada and is it a viable solution for your debt problems? When you’re struggling to pay off your debts and you’re inundated with collection calls and letters, easing your money worries and...

Don’t Let Blue Monday 2019 Drag You Down

Don’t Let Blue Monday 2019 Drag You Down

Don’t Let Blue Monday 2019 Drag You Down By Stacy Yanchuk Oleksy Blue Monday 2019 pops up in the already tough month of January. The holidays are done, the decorations are in storage, we’re in the middle of winter, and depending on where you live in Canada, you may...

Which Debts Don’t Need to Be Paid Down First?

Which Debts Don’t Need to Be Paid Down First?

Which Debts Don't Need to Be Paid Down First? By Julie Jaggernath When you are trying to figure out how to get out of debt quickly, you might have some debts that don’t need to be paid down first. That doesn’t mean you can ignore them and stop making payments, but it...

Paying Off Debt Tips – 3 Things to Avoid

Paying Off Debt Tips – 3 Things to Avoid

Paying Off Debt Tips - 3 Things to Avoid If you're looking for tips on paying off debt, below are 3 often-overlooked spending tips that can save you money and help you get out of debt more quickly. These 3 things to avoid stem from questions we hear all too often, but...

How to Read Your Credit Report

How to Read Your Credit Report

How to Read Your Credit Report If you’re looking at a credit report for the first time it can be quite intimidating. Your credit report may be a single document but it holds a lot of power in your life, from day-to-day activities to major milestones. It’s what helps...

Plan for Christmas and Beyond

Plan for Christmas and Beyond

Plan for Christmas and Beyond By Stacy Yanchuk Oleksy Tis the season isn’t it? My husband and I have moved to Ontario from British Columbia and I feel as though the Christmas spirit has come a little early (likely because so has the cold weather) and thoughts are now...

How to Rebuild Credit in Canada

How to Rebuild Credit in Canada

How to Rebuild Credit in Canada Your credit score is your ticket to qualifying for a loan, securing a credit card or locking in a good interest rate on a mortgage. While your credit score is just a number, it’s an invaluable indicator that lets banks and lenders know...

Great Insight Into How To Pay Off Debt

Great Insight Into How To Pay Off Debt

Great Insight Into How To Pay Off Debt by Stacy Yanchuk Oleksy I consistently get asked when I’m in the community teaching or talking about financial wellness, how to pay off debt. It’s a great question but I think before we look at strategies, we should consider some...

Not sure which option is right for you?

Get answers from an expert.

With so many debt consolidation options out there, it can feel overwhelming to try and find the right one by yourself. One of our professional credit counsellors would be happy to guide you through this process by carefully reviewing your whole financial situation with you and answering any questions you have. Speaking with our certified counsellors is always free, confidential and without obligation.