It’s a tough headline – more than half of Canadians are $200 away from being financially insolvent! I imagine the grim reality is pretty similar for Americans. The numbers come from an Ipsos poll commissioned by MNP, insolvency trustees in…
Dealing with Fraudulent Credit Card Charges
Do you know what it feels like dealing with fraudulent credit card charges? It’s a real pain in the ass! It seems like these credit card scammers have the best technology for cracking credit card numbers. They use a machine…
Being in Debt is Hard. Being Debt-Free is Hard.
Two statements that are seemingly opposite: Being in debt is hard. Being debt-free is hard. If you had the choice, which one would you choose? I think most people would choose the being debt-free option. It’s just an amazing sense…
Is your 2021 Debt Stressing you out and it’s only January?
How are you holding out with your 2021 debt stress levels? Here’s the thing about all the debt you had in 2020. That debt followed you into 2021! Wouldn’t it be nice to start off a new year with a…
Christmas and your Money are Gone… what now?
Let’s follow up on a post about Christmas stress caused by lack of money. January credit card statements have been rolling in with the bad news on how much Christmas shopping you did. The big problem is how will you…
The Road for New Year’s Financial Resolutions Challenges on Low Income
Are you the type of person who makes New Years Resolutions? Not me. I fall into the group who doesn’t keep them! Yeah, that’s probably over 90% of us. What are typical New Year’s goals? Losing weight, exercising, and cutting…
11 Financial Goals for 2021
I think 2020 has been a wash for too many of us. Low income dried up into no income when at least 15% of workers suddenly found themselves unemployed or their hours severely cut back when the coronavirus forced businesses…
What Happens when you can’t Pay Bills?
It’s easy to run up credit card debt. Paying off massive amounts is the not so easy part. When my credit card balance got down to zero, I worked real hard to keep it that way. I don’t want to…
The 50-30-20 Rule for Living Expenses is Impossible for Low-Income Earners
Are you familiar with the 50-30-20 rule when it comes to living expenses? I don’t like the 50-30-20 rule because I think it’s a physical impossibility for too many people. Let’s tackle this tough topic. There seems to be some…
Using Credit Cards for Robbing Peter to pay Paul
I always dreaded my credit card statement showing up in the mail with the bad news about my current balance and the minimum payment I had to make by the due date. Take that dread and times it by two…
