Debt Management

How Much Do You Really Owe? Use Debt Calculators

Times are tough and more and more Canadians are relying on credit cards to buy necessities and pay bills.  Household debt in Canada is at record highs and with probable increases in interest rates in the future, many of us will be in even more dire straits if rates rise significantly.  While your credit card issuers cannot force you to…

7 Unexpected Life Events That Can Cause Financial Problems

Financial problems are some of the most stressful issues people face. At one point or another, most of us deal with money issues. In fact, one recent survey found that 61% of Canadians admitted worryin g about their finances. Part of this stress comes from the fact that financial problems often snowball into more serious problems, from not being able…

The Upside and the Downside of Consolidating Student Loans

As the costs of higher education have skyrocketed over the last few decades, more and more students have gone deeper into debt to finance their educations.  In Canada, the amount of government assistance for college educations has declined, forcing students to borrow even more. Typically, students borrow from multiple sources and consequently end up making monthly loan payments to several different…

Orderly Payment of Debts

Orderly Payment of Debts Canadians who are unsure about their financial future are doing what they can to protect themselves from personal bankruptcy. Some are able to establish personal budgets allowing them to cut expenses and use the savings to pay down debt faster.  For many others personal budgets are not enough.  Their total monthly debt repayments are simply too…

Video Interviews

Video Interviews Visit Personal Bankruptcy Canada's YouTube Channel for video interviews featuring many of the PBC Member Trustees.  From Members helping our community to Members educating our community, you'll find everything you need right here. Check out the list of sample videos below or visit our channel for the full list of available video interviews. Less is More Financial Resolutions https://www.youtube.com/watch?v=fKmoAF1pM3M…

Why Living With Less Gives You More

Society often encourages us to have “more.” But big, beautifully decorated homes, faster cars, and more possessions carry a cost that can be limiting instead of satisfying.  A “less is more” lifestyle can open the way to a more fulfilling future. The Cost of Having Too Many Possessions It’s expensive to keep up with the Jones’s. Not only that, but…

Every Month Should be Financial Literacy Month

Did you know that November is Financial Literacy Month in Canada?  Probably not, most people don’t.  Why do we need to ‘celebrate’ financial literacy anyway?  Because it really is that important. Why is Financial Literacy Month Important? For the last several years, Canadians have been struggling with extremely high levels of household and personal debt.  At one point, the statistics…

Why Bad Financial Habits Are Hard to Change and How to Do It

Comedian Jerry Seinfeld famously joked that public speaking ranked ahead of death as something people feared. In other words, people at a funeral might be more afraid of giving the eulogy than ending up in the casket. But that’s hardly the only irrational fear people hold onto. Most of us are also awfully afraid of the unknown. That’s because any…