by Owen | May 15, 2017 | Get Out Of Debt
Debt is the nasty little gift that keeps on giving. Constantly growing and taunting you with interest and minimum payments.
Left unchecked debt can spiral out of control. The good news is that there are lots of different strategies to help you tackle your debt. Many people have been in the same situation and they’re now living debt free. It just takes some planning and dedication to get out of debt.
Debt elimination is possible. Put debt in its place by doing these three things…
by Owen | May 8, 2017 | Government Programs, Retirement Planning
For most of us retirement is a long way off. That shouldn’t stop you from thinking about your retirement plan. Having a solid retirement plan usually means starting early. Having even a rough retirement plan in your 20’s and 30’s can help alleviate a lot of financial worry.
A big part of retirement planning revolves around government run retirement plans like CPP.
CPP stands for Canada Pension Plan and the goal of CPP is to replace around 25% of your income in retirement up to a maximum amount of $13,370/year.
There are many factors that could affect your CPP however. Being aware of these factors will help you create a good estimate of how much you need to save for retirement.
by Owen | May 4, 2017 | Get Out Of Debt
When it comes to paying off your debt there are two basic approaches. The trendy approach is called the debt snowball. The classic approach is called the debt avalanche.
For reasons that we’ll describe later in this post, both options can help you pay off your debt quickly. The key is to figure out which option is best for you and your debt situation.
Just blindly following one approach could leave you in debt longer than you should.
There is also a third approach called the snowball/avalanche hybrid that takes the best of both methods.
