Tag: debt

Most people make common credit card mistakes that end up costing them a lot of money. Learn how to avoid these mistakes in this article. If you are not using your credit card correctly and you are making basic credit card mistakes, you are simply handing over money to your…

In the current financial climate as the economy slows with rising inflation, many of us are under pressure to pay the bills, buy basic household items and meet our day-to-day expenses. Finding spare cash to pay off loans, save for your kids college expenses and to build up a decent…

You may have heard the terms good debt and bad debt before, but it is not as simple as labeling credit card debt as bad, and a home loan as good because a home loan can in fact be considered bad debt too. It is important to understand the differences…

I've been reading a lot about the future tax implications given the large amounts of government spending and contracting corporate and consumer tax base. All this means is that tax considerations should play a much more central role in people's thinking as they're making critical financial decisions. At the end…

Much of the past and current financial market crisis is blamed on two main factors – poor risk management by company executives and the ultra-depressed housing market. Company management is paying the penalty with most failed CEO's fired and years of lawsuits and regulatory probes ahead for implicated senior executives.…

Reverse mortgages are becoming an increasingly popular financing offering with our aging baby boomer population, looking for ways to unlock the value from their homes. Simply defined, reverse mortgages are a special type of home loan that lets a homeowner convert a portion of the equity in his or her…

As students start college or university, they will have a lot on their plate and hundreds of big and small things to deal with. It is an exciting time, but for some it can be overwhelming. For new students, there are all the aspects around getting to know others, living…

In tough economic times many people turn to their credit cards when they need money. But racking up extra debt to deal with financial difficulties is a strategy that's almost sure to backfire. Even when you have less money in your wallet, you should remember that the most important thing…

Over the weekend I had an interesting talk with a family friend regarding this blog and some of the personal finance and investing topics posted here. After a long discussion and based on his experiences I started looking at some of my financial goals a bit differently. This resulted in a…

Here are 10 good to know facts around one's credit score, what affects it and how to deal with bad credit. 1. Credit scores really impact the purchase of a home Credit scores are driven by the record of paying bills and other debts reported to a credit bureau. Statistical…