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.
Continue reading “How the Debt Snowball Method Works”
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.
Continue reading “Financial Planning Checklist: Get Set for 2023”
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.
Continue reading “New Year’s Financial Resolution to Make 2023 Your Richest Year Yet”
The new minimum wage will increase to $15 an hour by October 1. This is good news for the people of Manitoba; however, is it enough to live on the necessary living wage given the inflation rates?
The larger your family is, the harder it is to live on minimum wage, even the new minimum wage, but here are some ways to make it possible.
Continue reading “How to Live on a Living Wage with the New Minimum Wage”
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.
Continue reading “Financial Literacy is an Investment in your Future”
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.
Continue reading “Teach your Kids these 4 Things about Debt”
Inflation has hit almost every aspect of our lives, especially at the gas pump. When gas prices are high, it can make it harder to afford other essential costs, such as housing, utilities, minimum credit card payments, and groceries.
Since gas is necessary unless you can take public transportation, it helps to understand how you can save money at the pump.
Here are 5 great ways.
Continue reading “Is Your Gas Tank Bigger Than Your Cheque?”
If you have family members in trouble financially, you may want to help them, but giving them cash may not feel right. If you’re worried your family members will just squander away the money you give them, here are 5 non-cash ways to help family members with financial troubles.
Continue reading “Non-Cash Financial Help Options – Helping your Family without Giving them Cash”
Starting a plan to get out of debt and keeping that plan are often two different things. It’s a lot like starting a diet when the New Year starts. You start off good, but then a week or two into it, you quickly fizzle and go back to your old habits.
So how do you stop this from happening when you’re trying to get out of debt?
Here are many ways to stay motivated to get out of debt.
Continue reading “How to Stay Motivated when Getting out of Debt“
You’ve likely felt the effects of inflation already. Your grocery and gas bill probably felt it first. Suddenly it costs a lot more to feed the family or fill your gas tank, but these are things we need so we have to adjust elsewhere, right?
One area many people struggle is managing debt during inflation. If your wages don’t keep pace with inflation (most don’t), then keeping up with your debts may feel impossible.
Here are a few ways to help you manage debt with inflation rising.
Continue reading “How to Manage Debt with Inflation on the Rise”