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Money Moron Rocks it Again – Great Financial Tips to Live By
Do you have a money moron in your life (or maybe you’re that money moron)? Someone who continually mucks up the finances? That is ok – you can help rehabilitate! Check out this great City TV video of Canadian financial guru Gail Vaz-Oxlade giving some much needed advice about achieving financial freedom. Gail’s financial tips…
Read MoreCanadians Carrying Record Debt – Thank Goodness for Ontario Bankruptcy Trustees
No matter your financial situation, debt continues to be a topic of concern throughout the country. News reports continually speak about the debt loads being carried by the average family household, and the pressure placed n families when this debt becomes crippling. Take, for example, these alarming statistics from a recent Globe and Mail article,…
Read MoreGetting Back to Basics: How to Create a Budget That Wins!
At one point or another, we all say it, “I’m going to get my finances back on track.” However, kind of like those infamous New Year’s resolutions that fall to the wayside by the end of January, when you don’t have a plan, it is easy for the good intentions to be cast aside. However,…
Read MoreThe Key to Rebounding After a Consumer Proposal
The consumer proposal has become a very popular debt relief option in recent years, often because of its ability to provide individuals with significant relief from an often overwhelming financial conundrum. The common characteristic for those seeking relief through a consumer proposal – a fresh start. But what happens once that fresh start has, well,…
Read MoreAnnouncing the Smart Money Club and our Commitment to Financial Literacy
We are really excited to announce the launch of our brand new Smart Money Club! Here at Prudent we are committed to helping Canadians become financially secure, and that means providing knowledge and tools to help get you there. A recent Statistics Canada report sheds some light on just how dire our financial straits are…
Read MoreSpring has Sprung – How to Purge What You Don’t Use and Cash In!
You’ve likely already seen a number of them. They seem to appear almost magically as the weather warms up. People amass in droves to catch a glimpse of their potential. Some are far better than others, but the best can offer that needle-in-a-haystack find, that treasure trove of objects worth their weight in gold. We…
Read MorePayday loans – The most expensive credit product on the market
This Globe and Mail article highlights the high cost of payday loans and that there are many alternatives to Payday loans. http://www.theglobeandmail.com/report-on-business/payday-loans-what-are-the-alternatives/article24463099 Prudent is an excellent example – let’ compare A $1000 payday loan with a $210 bi-weekly fee that has been extended for 1 month = a total repayment of $1,420.00 A $1000 Prudent…
Read MoreHow to Get a Loan After Bad Credit
It is no secret that many Canadians are in debt, but a recent Globe and Mail article highlighted just how much, stating “A growing segment of Canadian families is highly indebted, leaving them more vulnerable to any economic shift such as a job loss, illness or rising borrowing costs. More than a third, or 35…
Read MoreHow to Calculate Payday Loan Interest and What You Actually Pay
We have all heard the commercials and seen the ads. Payday loan companies promise financial paradise at $20 a pop – but what many people who fall prey to these ads don’t realize is that these claims couldn’t be farther from the truth. Payday loans, especially payday loan interest, can turn a small loan into…
Read MoreThe Difference Between Home Equity Loan & Home Equity Line of Credit
Home Equity Loan VS Home Equity Lines of Credits Home equity loans and home equity lines of credit are sometimes both referred to as second mortgages. However, despite being similar in some ways, these two types of loans have their differences. Here are the differences between home equity loans and home equity lines of credit.…
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