The American Social Security system has been under a lot of scrutiny lately, many questioning its sustainability. With the potential downfall of American social security, we thought it would be interesting to take a look at the current status of the Canadian government benefit system. The main government benefit in Canada is the Canadian Pension... Continue Reading →
Retirement is the stage of life you leave work priorities behind and partake in the things you enjoy most. However, financial stress can place a large roadblock in many retirement plans. To help you get the most out of your golden years, we have outlined some of the financial mistakes we believe are crucial to... Continue Reading →
What is a credit score? A credit score is a number that reflects your credit risk level ranging from 300-850. The higher the number the lower the risk you are to a potential lender. The higher a persons credit score is, the more likely they are to secure some form of a loan with favorable... Continue Reading →
As some of you may have noticed, we took a short break from our weekly blog for the warm summer months. We are now back to business as usual and will be posting regularly. Picking up where we left off, we previously released a couple posts shedding light on the crippling effect of the Canadian... Continue Reading →
Inflation is a key factor when evaluating an economy. If inflation is at abnormally high levels, there are many negative side effects. These side effects may include the BoC (Bank of Canada) raising interest rates, which as we know, decreases the purchasing power. Inflation can be defined as a 'sustained increase in the general level... Continue Reading →
Last week we talked about credit-card/consumer debt, and how those debt figures seem to be trending higher year after year (click here to read that post). This week, we want to look at another contributor to increasing debt figures. Since 2012, the number of outstanding auto-loans is up by 57%. GDP growth over that period... Continue Reading →
"Canadian Average Debt Load now up to $22,081, 3.6% rise since last year" "Canadian Household Debt reaches $1.8 Trillion..." "Canadian Consumer Debt Just Keeps Growing" These are just a few of the alarming headings that we see showing up in the mainstream press on a more frequent basis. But how much validity is there behind these statements,... Continue Reading →
Money is an important topic in relationships, no matter if your Jeff Bezos (CEO of Amazon and richest person in the world), or someone barely able to scrape enough dollars together for their next meal. Personal finances and money spending habits are one of the most widely misunderstood points in our relationships. We all know... Continue Reading →
Last week we talked about Generation X and the tendency for them to be the overlooked generation. We also established that the average Gen Xer was rather ill-prepared for retirement relative to their stage of life. If you missed that blog post you can read it here. For those of you that felt uncomfortable thinking... Continue Reading →
