A credit score or credit rating is a method used to determine the creditworthiness of the loan applicant. It takes the form of a number, with a higher number indicating better creditworthiness. Components in the credit score The following components are an important part of the calculation of the credit score : the punctuality of..
For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when..
Time goes so fast that some people are caught unaware that life has caught up with them. These people have been very busy taking care of their families that they have forgotten how to prepare for their future especially when they become too old to work. Every person should prepare for that time when they..
Borrowing is not a bad thing, however, having uncleared debts pilling up is an alarming situation. When you find yourself in a vicious cycle of debts, it is time to find a permanent solution. Whether as an individual, a family or even a business, there are several ways you can get rid of your debts…
Sometimes, the hardest thing to do around saving money is just getting started. Here are 5 quick and simple ways to do just that. Keep track of what you are spending & create a budget – the first step to starting a savings plan is to track your expenses, understand when payments are due and..
The word “budget” can instill quite a bit of fear in some people as it is often seen as a daunting and, at times, tedious task. Budgeting, however, is one of those skills that will help you have better control over your life, which makes it an incredibly vital thing to master. Not only will..
So you’re looking to put some money away—that’s excellent! There are a number of options for your investments, including Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Account (TFSAs), two of the most popular ways to save for the future. While they both are terrific saving and investing tools that help you grow your money..
It’s almost that time of the year again: tax season. Paying your taxes isn’t the most exciting thing to do. This annual task, requiring meticulous research, filing forms, paying your accounts or spending the time yourself, and leaving you at least a few hundred dollars short. Sometimes, it can leave one wondering what’s the point..
With Valentine’s Day just around the corner, it’s time to think about what to do for your significant other. Unfortunately, because it’s an event that’s so popularly celebrated, going out for the evening can set you back quite a few dollars. So instead of doing the usual dinner and a movie, perhaps you can do..
Cosigning a loan means that you will be paying off someone’s loan if he or she fails to make payments for any reason. People often look for a cosigner when they cannot get approved for a loan of a specific amount. Though helping someone you care about through their financial difficulties is a kind and..