Taking out student loans is a fairly common practice. Some go for other options but many young people (Even if you are on some kind of disability) do this for the sake of investing in their education or otherwise being able to attend college or university. Initially, being able to take out student loans and attend college may seem like a dream come true. However, this dream can quickly …

Virtually everyone has found themselves in a sticky financial situation. Unfortunately, it can happen to even the best of us. Sometimes emergencies happen, unexpected events take place, and without the proper savings, these occurrences can seriously disrupt our budgets and financial health. In cases like the aforementioned, the temptation to borrow money from a relative, friend, or financial institution can be great. While borrowing money has helped people in certain …

Virtually everyone dreads tax season and the inherent complexities which often accompany it. The process of doing one's taxes have become so difficult that many people hire professional accountants or tax specialists to take care of the procedure. However, taxes are somewhat different for self-employed individuals and whether they choose to do their taxes on their own or employ the services of a professional, it is still critical for people …

The adverse impacts of bad credit are extremely well-documented. The Balance strongly affirms that bad credit is generated by bankruptcies, property repossessions, late payments, and other poor financial decisions. Individuals who suffer from bad credit are furthermore likely to be charged higher interest rates and higher security deposits.

They may also be denied loans altogether or have apartment applications turned down. Nevertheless, with the right lifestyle changes, bad credit can …

We would all like to think we are good at managing money, but unfortunately--many of us are not! Good money management is a process, it's not something you are just good at. Now, even if you want to become proactive and become a good money manager, you're going to have to do more than just read a bunch of articles, and it's more than just earning more money.

You …

You probably already know that a budget is critical, especially if you want to pay off any debt successfully. However, it's one thing to have a budget and another to stick to it. You may find that sticking to your budget is more complicated than anticipated. This could be due to overspending, paying too much in taxes, or simply failing to keep track of where your money is going. …

[Updated for 2022]

It is almost a certainty that general living costs will increase over time, and food is no exception. While most Canadians are doing their best to tackle debts such as mortgages and loans, food can seem like a minor expense in comparison.

Financial analysts think Canadians are generally becoming less frivolous and more sensible with their spending habits, however over 68% of Canadians are finding it harder …