Should You Use Credit Monitoring Services?

credit monitoring

Are you concerned about fraud or identity theft? Does the thought of discovering that someone has impersonated you and stolen anywhere between hundreds and thousands of dollars in your name give you anxiety? Then credit monitoring might be an option worth pursuing.

What is Credit Monitoring?

credit monitoring

Credit monitoring is pretty much what it sounds like – you enlist one of the various financial companies out there to keep an eye on your credit for you and to loop you in the second there’s a concern or a change to your credit accounts.

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What is Debt Consolidation?

debt consolidation

Do you find yourself 1) drowning in debt 2) uncertain about what payments are actually due when? If you feel like you’re in over your head and could use some serious financial simplification, then debt consolidation might be the right option for you.

So, what is debt consolidation? In the simplest terms, it means taking out a new loan and using it to pay off all of your older debts so you’re left with one loan (into which all the previous debt has been combined).

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Saving Money During the Holidays

saving money during the holidays

Shopping for Christmas presents and other holiday related items can be pretty stressful. We want to do what we can to help you minimize your anxiety this December so we’ve compiled the highlights of some of our favourite posts about saving money during the holidays.

Before The Holidays:

Plan Ahead

Start thinking about the people on your to-buy list as early as September or October. Pay attention to the offhand or throw-away comments they make and make note of the things they express interest in. The sooner you can start getting things here and there/spreading out your shopping, the easier December will be on your wallet.

Establish a Budget in Advance and Stick to It

Ask yourself, ‘How much can I reasonably spend without going into debt or putting myself into a precarious financial situation?’. Whatever that amount is, stick to it. There is rarely a gift that’s worth jeopardizing your own financial stability over.

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Saving for your Car Down Payment

car down payment

Are you looking to buy a car and trying your best to save up some money? We’ve got some tips to help you save for your car down payment.

Cut Down on Extras

Saving money when you’re already watching your budget is never an easy task but there are a few things you can do to help save up a reasonable amount for your car down payment. The first thing you can do is cut down on extras and indulgences. This doesn’t mean you have to deprive yourself of your morning coffee or the occasional take out. The key is to try and reduce how much you’re spending on non-essential items (only temporarily) until you’ve put aside a comfortable sum of money.

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Money Management for a New Canadian Citizen

new canadian

Being an immigrant in a new country can be an intimidating experience. In addition to learning a new language (in some cases), you also have to adapt to a new culture and a new way of living. When immigrating to Canada, your previous financial history is unfortunately often also irrelevant. Here are some money management tips for a new Canadian citizen to help you settle into your life in a new country. Continue reading “Money Management for a New Canadian Citizen”