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How To Save Money As a Stay at Home Parent

By Debt.ca on July 23, 2014

Raising a child is a rewarding experience, but it’s also very costly. Here’s a shocking fact: raising a child can end up costing you more than a house over your lifetime. Your family will also take a hit to their income when one parent decides to take maternity/paternity leave and become a stay at home…

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Is It A Good Time To Consider Buying Your First Home?

By Debt.ca on June 29, 2014

You’ve been house hunting for months when you suddenly come across your dream home: a three-bedroom bungalow with a garage and a walkout patio. If you’ve only managed to scrape together the minimum five per cent down payment, you may be wondering if you should purchase now or wait until later. Purchasing a home will…

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How to Come Out Ahead on Credit Card Balance Transfers

By Debt.ca on June 9, 2014

Credit card debt is one of the most profitable forms of debt for the big banks, so it should come as no surprise that banks are fighting for your business. If you have a large outstanding balance on your credit card and you’re already up to your ears in debt, a credit card balance transfer…

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Line of Credit: Protecting Yourself from a Financial Emergency

By Debt.ca on May 14, 2014

Most people don’t get into debt on purpose; they get into debt because they run into financial difficulty. While some people are in debt because they aren’t able to get their spending under control, others are in debt because they run into a financial emergency, such as job loss, illness, or an unexpected major expense….

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Is Credit Card Balance Protection Insurance Worth It?

By Debt.ca on April 22, 2014

If you have a credit card, chances are you’ve been offered balance protection insurance. The sales pitch seem appealing – credit card companies say they will be there for you in the event that you run into financial difficulties and are unable to pay your outstanding balance. At first glance balance protection insurance seems like…

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Frugal Living vs. Big Wins

By Debt.ca on January 3, 2014

When you’re struggling with debt, it’s hard to ‘think big’. Pinching pennies becomes a way of life and your next bill is the only thing you’re concentrating on. But maybe this isn’t the best approach. The Immediate Danger In martial arts, some teachers say that in any conflict you should ‘address the immediate danger’. This…

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Don’t Be a Slave to Recurring Expenses

By Debt.ca on December 21, 2013

Pre-authorized payments have made paying your monthly bills easier than ever. No fuss, no muss – your balance owing is automatically debited from your bank account, so you never have to worry about paying your bills late again. Although this is a blessing, it can also be a curse. As companies push their customers to…

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5 Tips for Paying Down Your Student Loan

By Debt.ca on December 11, 2013

If you’re looking to get started in a well-paying career, chances are you’ll need post-secondary education. College and university have become the new high school of our parent’s generation – no longer can you work your way from the mail-room to the boardroom. Student debt can put a serious damper on your dreams of home…

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Rethinking Debt

By Debt.ca on November 27, 2013

When it comes to debt, it seems people fall nicely into these two categories. Some people passionately believe that all debt is bad, while others argue that the only way to truly get ahead is by using borrowed money as leverage. At Debt.ca our goal is obviously to help people get out of debt, but…

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Filing for Bankruptcy vs. Debt Consolidation: Comparing the Two

By Debt.ca on November 8, 2013

In a rough economy it can be tempting to declare bankruptcy, especially if you have rather large debts and a low income. After all, once you’ve declared bankruptcy, your creditors can no longer pursue you for the amounts you owe. However, bankruptcy can also have negative consequences. Filing for bankruptcy can force you to surrender…

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