debt

More Canadians relying on credit for everyday essentials, says report

Almost a third say they don’t pay off their bill in full each month https://financialpost.com/personal-finance/debt/more-canadians-rely-credit-essentials #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

More Canadians relying on credit for everyday essentials, says report Read More »

How to Get out of Debt on a Low Income

Paying down debt on a low income can be a daunting task. While there may be circumstances outside of your control, these steps can help you take stock of your situation and determine the best course of action for you, including tackling your debt on your own or seeking help. 1. Take Inventory of What

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An Awkward Money Situation Reveals An Uncomfortable Truth

Money is great, but it can also create awkwardness among friends, colleagues, or even strangers. In this post, I want to share an awkward money situation that dragged on for months. In the end, the money situation was resolved. However, it made me realize that we personal finance enthusiasts are an unusual bunch. It also

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Financial Trends for 2024

We’re more than a third of the way through 2024, and persistently high inflation continues to have a significant impact on household budgets and financial markets. Staying on top of the latest financial trends can help put your personal situation in context and make necessary adjustments to your spending, saving and other financial goals. Here

Financial Trends for 2024 Read More »

What Is a Debt Validation Letter?

If you’ve been contacted by a debt collection agency about a debt you may owe, it’s important to understand your rights. Debt collectors are required by law to validate certain details about the debt in question to help you determine whether it’s really your responsibility. Debt validation letters provide these details, along with instructions on

What Is a Debt Validation Letter? Read More »

How Do Debt Consolidation Programs Work?

Debt consolidation programs can help you streamline your repayment plan and even reduce interest and other costs. Options include a debt management plan, a debt consolidation loan and debt settlement. The right one for you will depend on your credit score and how dire your debt situation is. Here’s what you need to know. What

How Do Debt Consolidation Programs Work? Read More »

Smarter ways to put your tax refund to work

Sandra Fry: It’s tempting to treat a tax refund like a surprise windfall, but it’s worth putting your money to good use https://financialpost.com/personal-finance/debt/smarter-ways-put-your-tax-refund-work #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Who Is Responsible for Credit Card Debt in a Divorce?

Getting divorced can be challenging in just about every way possible—especially financially. One complication divorcing couples may not be prepared for is how their state treats dividing assets and debts. In most states, you’re generally only responsible for credit card debt in your name when you end a marriage. However, you may be responsible for

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Average US Mortgage Debt Increases to 4,498 in 2023

Average US Mortgage Debt Increases to $244,498 in 2023

Throughout the decade thus far, the U.S. economy has been defined by a series of shortages, which has affected virtually everything consumers could put in their baskets. From Grape Nuts cereal to personal shelter, shoppers either needed to compromise or find a substitute until supplies return. Most of those shortages are behind us now. Even

Average US Mortgage Debt Increases to $244,498 in 2023 Read More »

What Happens to Student Loans When You Move Abroad?

If you have student loan debt, moving to a different country can present some challenges. However, there are a few simple steps you can take to ensure that you continue to pay your student loans on time and possibly even minimize your student loan payments. Here’s what you need to know. Keep a Stateside Banking

What Happens to Student Loans When You Move Abroad? Read More »

How Can I Stop Foreclosure?

Facing foreclosure on your home can be a scary prospect. You’re months behind on your mortgage payments, letters from your lender are piling up and you fear losing your home. Fortunately, you can take steps to avoid losing your home to foreclosure. Foreclosure happens when a borrower falls behind on mortgage payments, and the lender

How Can I Stop Foreclosure? Read More »

Experian Study: Average U.S. Consumer Debt and Statistics

Consumers in the United States owed $17.1 trillion in total debt as of the third quarter (Q3) of 2023, according to Experian data. Much of that debt is secured by assets: For instance, the $11 trillion U.S. homeowners owe primarily on their residences is secured by real estate that has collectively appreciated in value by

Experian Study: Average U.S. Consumer Debt and Statistics Read More »

Can You Pay Back a Cash Advance Right Away?

You might be able to pay back a cash advance as soon as it’s posted to your account. However, you may need to repay more than you borrowed because many credit cards charge a cash advance fee. Interest can also start accruing daily, leading to a larger balance if you don’t pay off the cash

Can You Pay Back a Cash Advance Right Away? Read More »

The pros and cons of consolidating your debt to keep the collectors at bay

Sandra Fry: Best strategy depends on type of debts, ability to make payments, money habits and goals https://financialpost.com/personal-finance/debt/consolidating-debt-pros-cons-keep-collectors-at-bay #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

The pros and cons of consolidating your debt to keep the collectors at bay Read More »

Why ‘loud budgeting’ is gaining ground

Watch: Personal finance expert Kelley Keehn unpacks what that is and why tracking your ‘financial calories’ works https://financialpost.com/personal-finance/loud-budgeting-gaining-ground #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Why ‘loud budgeting’ is gaining ground Read More »

How to Pay Off High-Interest Credit Cards

To pay off high-interest credit cards, avoid adding to your debt, explore strategies to lower your interest rates, direct more money to payments and get expert help if you need it. If you’re struggling with credit card debt, you’re not alone. Credit card debt balances among U.S. consumers grew 10% between in 2023, according to

How to Pay Off High-Interest Credit Cards Read More »

Cutting costs not enough? Here’s how to start a side hustle that works

If you are scrimping and saving all you can and still not making ends meet, there is a solution https://financialpost.com/personal-finance/how-to-start-side-hustle-that-works #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Cutting costs not enough? Here’s how to start a side hustle that works Read More »

How to Use a Balance Transfer for Holiday Debt

Many people use credit cards to pay for travel, gifts and outings with friends and family during the holidays. And while some might be able to quickly pay off the balances after a few paychecks or receiving a tax refund, others need more time. Using a balance transfer to move credit card debt that accrued

How to Use a Balance Transfer for Holiday Debt Read More »

What Is the Debt Ceiling?

The debt ceiling, also known as the debt limit, dictates the maximum amount the United States can borrow. With just five budget surpluses in the past five decades, Congress has repeatedly raised or suspended the debt ceiling to accommodate new government spending. Reaching the debt limit without taking action to raise it could cause the

What Is the Debt Ceiling? Read More »

Here’s how Canadians are coping with higher interest rates in 5 charts

Costs of paying down debt climbed to record while net worth declined https://financialpost.com/news/economy/how-canadians-coping-higher-interest-rates-5-charts #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Here’s how Canadians are coping with higher interest rates in 5 charts Read More »

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