Extra Income Options for Millennials

Extra Income Options

The cost of living increases annually, and if your income does not increase alongside it, you might feel like you are not making enough. However, a great way to increase your income is by starting a side hustle. This will allow you to create another income stream, making you less dependent on your main income, and can help you reach financial goals, such as paying off your debts or saving for retirement.

There are thousands of ways to make money on the side, but here are some of the most popular ways to add more streams of income.

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How the Debt Snowball Method Works

Snowball Debt Management Method

If you have a lot of high-interest consumer debt, it is important to pay it off quickly. The high-interest rates are an opportunity cost for savings and investing in your future. In addition, the faster you pay your high-interest debts off, the more money you will have for other priorities.

It can seem overwhelming to pay off your debts, but at Creditaid, we are here to help make it easier.

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Financial Planning Checklist: Get Set for 2023

Budgeting Tips

You must take care of your financial health as much as your physical and mental health. Understanding where you stand helps you make smart financial decisions to achieve financial success. Whether you are in over your head in debt or just want to create a successful financial future, this checklist can help you determine where you stand and what changes you must make to reach your financial goals.

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New Year’s Financial Resolution to Make 2023 Your Richest Year Yet

The holiday season is here and you may already be thinking about your New Year’s resolutions. Your list might include the traditional goals such as exercising more, quit smoking and travel more. Those are all good goals, but what about financial resolutions?

When setting health goals, you might outline changes such as eating more vegetables with every meal and cut down on carbs. Setting specific, measurable goals for your finances is imperative to achieving them. If you are unsure on how to set these types of goals, here are some suggestions to make 2023 a strong year for your pocketbook.

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Simplify the Holidays by Narrowing your Christmas List

Holiday Budgeting

Does your Christmas usually look like frantic shopping sprees, high credit card bills, and wondering how you’ll get it all done?

That’s not what the holidays should be about, and it’s time to consider simplifying things so you can enjoy the season with your loved ones.

One of the easiest ways to simplify the holidays is to narrow your Christmas list. This doesn’t mean you can’t give gifts, but give fewer gifts that mean more, and don’t worry about being ‘better’ than anyone else.

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Christmas is a Time to Focus on Family

Christmas quickly became a time of frantic shopping, overspending, and thousands of dollars in credit card debt, but the pandemic changed things for many people.

Without the ability to spend time with loved ones over the holidays over the last few years, we’ve all learned how precious life can be.

This year, why not make Christmas about focusing on your family rather than spending money?

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Financial Literacy is an Investment in your Future

Financial literacy is the key to successfully reaching your personal finance goals. It doesn’t matter how much you make; it comes down to how you manage it. This is why financial literacy is one of the most important topics you should learn.

Unfortunately, most Canadians aren’t well-versed in financial literacy, most importantly, building a solid credit foundation and managing debt.

Financial literacy not only helps you now but, in the future, too. For example, when you learn how to save to spend, you’ll reach a level of financial security that most think is unachievable.

How can you learn? Try our Build Learn Save Program.

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Teach your Kids these 4 Things about Debt

If there’s one thing you should teach your kids, it’s how to manage their money. Unfortunately, this isn’t something they’ll learn much about in school, so it’s on you as parents to make sure they understand how to manage their money and more importantly, stay out of debt.

Tailor what and how you teach your child to their age, but here are 4 things every child should know about debt.

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