How is my Credit Score Calculated?

From the moment you apply for that first credit card or loan and your credit history commences, financial institutes and lenders will eagerly track your credit score. This score impacts almost every facet of Canadian’s lives - it determines your ability to rent an apartment, buy your own home or vehicle, and qualify for loans at reasonable interest rates. In certain circumstances it can even determine future employment opportunities!

Despite the massive ramifications of this three digit number, many Canadians are completely unaware of their credit score.

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Financial Planning for Young Professionals

You’re 25 and feeling alive. You’re settling into life after university, paying off your debts and slowly figuring how to “adult”. But with the responsibility of bills, rent, and even keeping up social appearances, prioritizing financial planning is something far too often pushed to the side.

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The Daily Choices of Financial Freedom

If given the choice, most people would choose financial freedom over financial servitude. Who doesn’t want to be financially independent, having your money work for you, as opposed to you working for your money?

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Keys to Successful Debt Management

Perhaps the most encouraging outcome of the latest recession is the increasing emphasis on debt reduction by most Canadians.  We are borrowing less and saving more, and, hopefully, developing some more frugal habits that can lead to healthier finances in the future.  Still, many people continue to struggle with their debt.  It takes a firm commitment and a lot of discipline, but

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Buying vs. Leasing: Tips for Stretching your Car Budget as Far as it Can Go

For some a car is simply a means of getting from point A to point B; for others it’s a status symbol. Cars are a hobby, a passion, for some and necessity for others, but whatever your level of affinity toward automobiles is, there comes a time where just about everyone needs to start shopping for a new (or used) one; but, don’t run down to the local dealership just yet.

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