Credit Counselling – Page 3

February 3, 2023February 3, 2023

Extra Income Options for Millennials

The cost of living increases annually, and if your income does not increase alongside it, you might feel like you are not making enough. However, a great way to increase your income is by starting a side hustle. This will allow you to create another income stream, making you less dependent on your main income, and can help you reach financial goals, such as paying off your debts or saving for retirement.

There are thousands of ways to make money on the side, but here are some of the most popular ways to add more streams of income.

January 18, 2023January 18, 2023

How the Debt Snowball Method Works

If you have a lot of high-interest consumer debt, it is important to pay it off quickly. The high-interest rates are an opportunity cost for savings and investing in your future. In addition, the faster you pay your high-interest debts off, the more money you will have for other priorities.

It can seem overwhelming to pay off your debts, but at Creditaid, we are here to help make it easier.

January 3, 2023December 30, 2022

Financial Planning Checklist: Get Set for 2023

You must take care of your financial health as much as your physical and mental health. Understanding where you stand helps you make smart financial decisions to achieve financial success. Whether you are in over your head in debt or just want to create a successful financial future, this checklist can help you determine where you stand and what changes you must make to reach your financial goals.

December 21, 2022

New Year’s Financial Resolution to Make 2023 Your Richest Year Yet

The holiday season is here and you may already be thinking about your New Year’s resolutions. Your list might include the traditional goals such as exercising more, quit smoking and travel more. Those are all good goals, but what about financial resolutions?

When setting health goals, you might outline changes such as eating more vegetables with every meal and cut down on carbs. Setting specific, measurable goals for your finances is imperative to achieving them. If you are unsure on how to set these types of goals, here are some suggestions to make 2023 a strong year for your pocketbook.

November 2, 2022

How to Live on a Living Wage with the New Minimum Wage

The new minimum wage will increase to $15 an hour by October 1. This is good news for the people of Manitoba; however, is it enough to live on the necessary living wage given the inflation rates?

The larger your family is, the harder it is to live on minimum wage, even the new minimum wage, but here are some ways to make it possible.

October 18, 2022October 7, 2022

Financial Literacy is an Investment in your Future

Financial literacy is the key to successfully reaching your personal finance goals. It doesn’t matter how much you make; it comes down to how you manage it. This is why financial literacy is one of the most important topics you should learn.

Unfortunately, most Canadians aren’t well-versed in financial literacy, most importantly, building a solid credit foundation and managing debt.

Financial literacy not only helps you now but, in the future, too. For example, when you learn how to save to spend, you’ll reach a level of financial security that most think is unachievable.

How can you learn? Try our Build Learn Save Program.

October 4, 2022October 3, 2022

Teach your Kids these 4 Things about Debt

If there’s one thing you should teach your kids, it’s how to manage their money. Unfortunately, this isn’t something they’ll learn much about in school, so it’s on you as parents to make sure they understand how to manage their money and more importantly, stay out of debt.

Tailor what and how you teach your child to their age, but here are 4 things every child should know about debt.

September 20, 2022

Is Your Gas Tank Bigger Than Your Cheque?

Inflation has hit almost every aspect of our lives, especially at the gas pump. When gas prices are high, it can make it harder to afford other essential costs, such as housing, utilities, minimum credit card payments, and groceries.

Since gas is necessary unless you can take public transportation, it helps to understand how you can save money at the pump.

Here are 5 great ways.

September 6, 2022

Back to School on a Budget

It’s that time again, can you hear the bells ringing? That’s right, it’s time to head back to school. This year more than most represents a return to the familiar after the last two years of uncertainty and continually changing requirements.

School brings with it the need for new in the form of supplies and clothing which can really add up and stretch your budget to the max. With the proper planning, going back to school doesn’t have to cost a fortune as retailers understand and offer some great deals to help you save. You’re probably wondering how you can possibly navigate all these sales and take advantage of savings without getting pulled into buying what you don’t need while wondering how you are going to afford it all.

August 23, 2022August 24, 2022

Non-Cash Financial Help Options – Helping your Family without Giving them Cash

If you have family members in trouble financially, you may want to help them, but giving them cash may not feel right. If you’re worried your family members will just squander away the money you give them, here are 5 non-cash ways to help family members with financial troubles.