Creditors are calling every few minutes asking for money. You would pay if you could. How can you make this stop?

With consumer debt at an all time high it’s time we take control of our finances and get out of the “debt trap”. Do you realize that if you owe $2,000 on a credit card with a 21% interest rate, and you only make the minimum payment each month that you will owe on this [...]

This is the time of year when many people look at their debt situation and shudder. They dream of what it would be like to be out of debt. And, if they’re brave, they begin to plan a strategy to reduce the amount of debt they carry. They’ll begin with high hopes. But many of [...]

Not too long ago they had $30,000 in credit-card debts. This month they paid off the last remaining balance. But, how did they do it? Cara and Michael’s story is an inspiration for anyone trying to get out of debt. Recently, Cara shared their experience. We began by discussing how they started. “Stop spending. We [...]

    Serious debt problems arise when the amount you owe is out of balance with your income and household expenses (such as mortgage payments and utilities). The primary aim of managing your debt is to restore the balance either by increasing your income – difficult to achieve in an economic downturn – or setting [...]

My husband and I have accumulated some credit card debt, a personal loan from my mom, and a home equity line of credit.Recently getting married, purchasing our first home, and some medical bills have really put a hurting on our budget. Some advice that I have read says that one should pay off the debt [...]

Today, the number of credit cards in Canada had grown to almost 65 million while the value of annual purchases made with credit cards increased more than ten times. The hard truth: More credit cards mean more credit card debt per person. Many Canadians are swamped by their monthly credit card obligations. Credit card debt [...]

A budget is your single most effective tool for financial management. Without one, it’s all too easy to not know where the money went and to find yourself in credit card debt, without adequate savings, unable to give to God’s work, and just plain stressed out! Why not make it your New Year’s resolution to [...]

It all comes down to this moment. You have toiled, prayed, and planned for this moment since your child was a baby. The moment is high school graduation. Your baby is now all grown up and is heading off to college. How do you help him or her prepare for college successfully? How do you give [...]

Crippling student loan debt. Scary words, but a reality for many students. For some debt is unavoidable. But in many cases the amount of financial burden college and university graduates carry could be reduced with better financial planning. Recently a particularly egregious case was highlighted by the Wall Street Journal: When Michelle Bisutti, a 41-year-old [...]