Micro-Loan Blog: Tips on managing your finances to be debt free

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Do you know the Health of your Finances?

Did you know that taking control of your financial situation can reduce your level of stress, strengthen your relationships with family and friends and promote both your mental and physical well being? Here is a small quiz that will give you a glimpse into your financial health.

Why is it Blue Monday today?

Did you know that many people borrow money to be able to afford Christmas? RBC says 24% of the Canadian population will use their credit card to finance the holidays while 23% of the population say they have not thought about how they will pay for their holiday debt! Those are staggering numbers.

More New Years tips on Financial Freedom

We have had a lot of people ask us questions as to our last blog posting. In particular, they asked us to share some more suggestions as to Financial Freedom in the New Year. We got our Micro-Loan Team together to come with some Crowd-Sourced suggestions for you.

New Year,New Financial Life

Did you make a New Year's Resolution? Have you given any thought about your financial health and your bad credit habits in the New Year? As you resolve to make some changes this year, add one or more of these credit/debt New Year's resolutions to your list.

Debt Proofing your Christmas

Are you caught in a cycle of overdoing and overspending that seems to repeat itself every year? Innocent lack of planning combined with doing what feels good at the moment when trying to please relatives, the children and loved ones can create financial regret in January.

Parents guide to avoiding Holiday Debt Hangover

Did you know that over 82% of the population admits to over spending during the holidays? Imagine if you could enjoy the holidays without the debt afterwards. It is possible.

How do you deal with being laid off?

Being let go of your employment is an impactful moment that can and has affected most Canadians. Not only the financial effect it can have on you and your family, it can also have an emotional effect to the person being laid off.

Advantages of Paying Down Your Debt

Debt can feel like itâ€™s a part of our everyday lives. One of the hardest parts of debt repayment is taking that the first step to get it started.

Who Will Know if I apply for Bankruptcy?

Bankruptcy is taboo, a subject no one ever wants to talk about. However, sometimes it is the best option when all other options do not work. Depending on your financial situation, bankruptcy may actually be exactly what you need to get your life back in order.

Can I use debt to get Wealthy?

Debt usually has a bad rap. So how can you use it to get wealthy? Is there a rule of thumb when it comes to using your debt to accumulate more wealth?