If you are someone who has a tough time remembering paying your bills, take comfort in knowing that you are nor alone. Many people across the world tend to submit late monthly payments, which significantly impacts their credit. Let us understand the adverse effects of paying your mortgage or other monthly payments later.   Your Credit Score Is At Risk   You probably already know that practically all banks, credit cards, mortgage companies as well as other lenders... [read more]

The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you!   When it comes to cleaning up credit, there is no better time than now to recognize the importance of your credit score and check if you are on track with your habits. To get started with your credit clean-up, there are a few things you can do:   Pull Your Credit Report: For most of us, our credit score is... [read more]

Make this year the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to how you spend and look at money can make all the difference.   It’s never too late to start again and reverse course! Here are a few simple ideas to get you started:   Create a Budget: In order to stop living paycheck-to-paycheck, you need to know where that paycheck is going. Creating a budget is simple with... [read more]

In Canada, various programs are available for first-time homebuyers, with the aim to help make buying your first home easier.  RRSP Home Buyers’ Plan If you haven’t purchased a home within the last four years (or lived in a spouse’s home in the same timeframe), you may qualify for the RRSP Home Buyers’ Plan. With this plan, you may borrow up to $35,000 tax-free from your RRSP to fund your down payment. Just keep in mind that the money must be in your RRSP... [read more]