You are no doubt asking yourself, is there such a thing as “good debt”? The answer is emphatically YES and it is important to know the difference between the two. In actuality, when used intelligently, debt can be of tremendous assistance. So – if you are not sure, how can you tell which kind of debt you have?
Being debt-free is a long term goal for many Canadians. Many of us though, don’t have a plan to ensure that we remain focused on debt repayment in order to meet our goal of being debt-free by a specific age. A recent CIBC poll conducted by Harris-Decima found that, on average, “Canadians tend to believe they will be debt-free within approximately...
My credit card bill arrived the other day and being just before Christmas, I opened the bill with one eye closed fearing the worst. The first thing I did was to check the "minimum payment this bill" section – and thankfully didn’t pass out! Then I noticed something that I hadn’t before...