There are seemingly endless ways in which you can borrow money these days, whether in the form of a credit card, a bank loan or taking equity out of your mortgage. As the number of ways borrowed money can be acquired rises, the ways these lenders can influence how we make payments also increase. Buy… Continue reading Debt in the Digital Age: When “Buy Now, Pay Later” Becomes a Dangerous Reality
Category: Finance
Understanding Bankruptcy: A Guide for Individuals and Businesses in Financial Difficulty
If you’re a business owner in financial difficulty, consider bankruptcy an option. But what exactly is the default, and how does it work? This guide will walk you through the basics of bankruptcy so you can make an informed decision about the right choice for your business. What is bankruptcy, and what are the different… Continue reading Understanding Bankruptcy: A Guide for Individuals and Businesses in Financial Difficulty
What You Should Know Before Declaring Bankruptcy
Filing for bankruptcy can be a difficult decision, and it’s important to understand what you need to know before taking this step. Bankruptcy is a legal proceeding that allows individuals and businesses with financial difficulty to restructure their debt or eliminate some of it. While filing for bankruptcy can be an effective way to address… Continue reading What You Should Know Before Declaring Bankruptcy
Should I Buy A Truck Or An SUV?
Now that the time has come for you to consider buying a new vehicle, you may have narrowed down your decision to either buy a truck or an SUV. Though they are similar in many ways, they are also quite different. There are many factors to consider when comparing trucks and SUVs, such as price,… Continue reading Should I Buy A Truck Or An SUV?
4 Ways to Help Pay Off Your Construction Project Loans
Construction projects can be an expensive undertaking to complete, and often require loans to cover the costs of labor and production. Financing a construction project can be a daunting task no matter your financial situation or how you’re connected to the project. Between securing a loan and coming up with the methods to pay it… Continue reading 4 Ways to Help Pay Off Your Construction Project Loans
4 Ways a Little Financial Planning Can Help Your Small Business
Having a small business is challenging, and COVID had made it even more difficult for local companies to stay afloat. It has increasingly become important for small businesses to have financial plans in place to be able to survive long-term. You likely already have to deal with weekly payrolls, budgets, taxes, and other financial matters… Continue reading 4 Ways a Little Financial Planning Can Help Your Small Business
4 Reasons Your Insurance May Deny Your Car Accident Claim
When you are in an accident, the last thing you want to worry about is whether or not your insurance company will pay for your claim. Unfortunately, that is a very real concern and it is possible that your claim will be denied. Insurance companies have a vested interest in denying claims. The only way… Continue reading 4 Reasons Your Insurance May Deny Your Car Accident Claim
6 Essential Small Business Expenses
It’s no secret that small businesses sometimes fall into the trap of spending money on things that aren’t important. In fact, it’s one of the biggest mistakes that entrepreneurs tend to make. That being said, just because some expenses aren’t necessary doesn’t mean that you should try to find the cheapest options for the things… Continue reading 6 Essential Small Business Expenses
Overall View of Debt in Canada
Debt, as with everything else, comes in numerous shapes and sizes. There are big ones, smalls ones, short ones, long ones, you get the drift. Without making the list too long, debt in this context includes housing (mortgage or rent), credit cards, lines of credits, student loans, cars, insurance, etc. In our current economic system,… Continue reading Overall View of Debt in Canada
3 Reasons You Need to Stay on Top of Your Business Finances
How good of a job do you do when it comes to overseeing your business finances? If you are on top of them more times than not, chances are your small business is in relatively good shape. That said not watching your finances can land you in trouble. With those thoughts in mind, are you… Continue reading 3 Reasons You Need to Stay on Top of Your Business Finances