…owe. If you have high interest debt, for example credit card debt, it will likely accumulate more interest in the short term than any investing gains. Make a strategy to…
Here’s what we found on "Managing debt"
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Your home as an investment
…amount of your savings. In addition to taking on mortgage debt which you’ll need to pay off before you own your home outright. Turning the purchase into cash means selling…
Reverse mortgages
…money for your children and other beneficiaries. Increased debt. Reverse mortgages increase the amount of debt you carry and too much debt may limit your financial options. Caution Be aware…
If you spend more than you earn
…save any money if you are overspending. And spending more than you earn is an easy way to accumulate debt. It’s better to avoid debt if you can. That way…
Plan for occasional and unexpected expenses
…be waiting for you later. Use our pay off credit cards and debt calculator to find out how long it will take to cover occasional expenses if you put them…
Take the stress out of budgeting
…seeking support from a debt management professional to ease debt burdens. You don’t need to budget alone. Include your family members in discussions about needs versus wants, or setting priorities…
Creating a plan to reach your goals
…tools to help you explore your options Pay off credit cards and debt calculator Pay down debt or invest calculator RRSP savings calculator Take action Use this calculator to figure…
Preparing for financial emergencies
…give you peace of mind that you can handle life’s unexpected events without taking on debt or adding to your debt, or dipping into any other savings including your retirement…
Profiles of retirement
…last longer. More people are also carrying mortgage debt into their retirement years. Economic realities and impacts of aging may conflict. Many people need to work to cover essential monthly…
How to cope with the cost of the sandwich years
…their financial goals early Rising living costs, heavy educational debt loads and a tight labour market may push young adults to move back in with their parents or keep them…