Do you have debt? Whether it’s $5,000 in credit card debt, $30,000 in student loans, or a $100,000 mortgage, debt can be stressful for many people. Well here are some things you can tell yourself to feel better about your debt 🙂 1) I’m in my mid twenties and I have over $230,000 of debt which includes a… Read More »
A recent study about individual debt has made me reflect on the question of whether people are too smug about their debt situations. The poll seem to suggest that even though our debt levels are at an all time high, most Canadians are quite comfortable with using debt as a financial strategy. 9 out of 10 respondents would consider… Read More »
Over the last couple of months I went on a big shopping spree and splurged myself silly (~_~;) $15,000 of unnecessary spending is not a very sustainable lifestyle, but at least I didn’t spend all my money in one place because that would be financially irresponsible (・_・;) When was your last shopping spree and how much did you spend? As you… Read More »
Money and Banks Spain will be getting a bailout package up to €100 billion from the Euro zone. The idea of injecting this new money into the system is to help stabilize the banks and the economy. It sounds like a good idea on paper. Below is a funny comic I found showing the effects of lending money to… Read More »
New report by the feds shows Canadians now have a debt to income ratio of 153%. Meaning for every $1 someone makes after tax, he or she has $1.53 of debt. We have never seen it this high before. We are now officially more indebted than both the US, and our British friends across the pond. Look at… Read More »
Occupy Vancouver started today. Thousands showed up downtown. I contemplated whether I should join the event or not. I agree with some of their arguments put forward, but disagree with others. In the end I stayed home today because I got hooked on this new HBO series and just had to finish all of season one. But I support… Read More »