Debt

Debt is the most dreaded word of everyone in the world. However, no matter how much we hate this word, it is always better to be prepared and knowledgeable about anything related to it. Learn more about debt and what you need to know about it here!

Unsecured Business Loan Benefits  
  • Unsecured Business Loan Benefits  

Unsecured Business Loan Benefits  

By |May 11th, 2017|

In this economy, there are lots of things being said about the risks that come with unsecured loans. What about the benefits? In difficult financial times, businesses that are starting out need seed money while established businesses need money to stay open. There is always a risk involved in borrowing money. But, with the […]

You Should Consider Filing a Consumer Proposal If You’re Struggling to Repay Creditors
  • You Should Consider Filing a Consumer Proposal If You’re Struggling to Repay Creditors

You Should Consider Filing a Consumer Proposal If You’re Struggling to Repay Creditors

By |May 6th, 2017|

It’s easy to fall into arrears and get in debt, whether it’s because of an unexpected vehicle repair or because you’ve recently lost a job and you don’t have a salary to cover your outgoings. Whatever the reason, it’s not an easy step to take to sort out your finances, but it’s a step […]

The Psychology of Debt
  • The Psychology of Debt

The Psychology of Debt

By |April 28th, 2017|

As humans, we like to think of ourselves as masters of our own destiny, able to make the decisions, good or bad, that take us through life. If only it were that simple.

The truth is that we’re overwhelmingly slave to our unconscious processes. You might argue otherwise – and the jury will likely be […]

4 Things To Do As Soon As You Get Out Of Debt
  • 4 Things To Do As Soon As You Get Out Of Debt

4 Things To Do As Soon As You Get Out Of Debt

By |March 8th, 2017|

The last payment on a large credit card debt that has held you down for years is an incredible feeling. Getting into credit card debt can be done in a few short weeks, while getting out of it takes years. Those years are often filled with intense budgeting, meeting with debt experts, side jobs, […]

Buy Smart: 4 Home Investments Worth the Debt
  • Buy Smart: 4 Home Investments Worth the Debt

Buy Smart: 4 Home Investments Worth the Debt

By |December 14th, 2016|

As smart consumers, we generally try to avoid acquiring unnecessary debt – we might take a loan to buy a car or have a mortgage on our homes to afford a good location, but with smaller purchases we save, shop carefully, and proceed with caution when using credit cards. Sometimes, though, it makes sense […]

The US Debt Dilemma
  • The US Debt Dilemma

The US Debt Dilemma

By |March 23rd, 2016|

Government debt may often be a confusing topic when addressed as a whole and not broken down and discussed by level. Due to the various types of government debt, it is important to be familiar with the structure of each level of government. There are three main levels of government in the U.S; the […]

Ready. Set. Refi.
  • Ready. Set. Refi.

Ready. Set. Refi.

By |March 3rd, 2016|

Got student loan debt from undergrad, graduate school, or both? If your answer is yes, then the next video in the Charisse Says series on Modest Money, “Ready. Set. Refi.”, is for you. It is nearly impossible to do all of the investing we have discussed in earlier blogs and episodes if you are […]

Puerto Rico Barely Avoids Default
  • Puerto Rico Barely Avoids Default

Puerto Rico Barely Avoids Default

By |December 4th, 2015|

Puerto Rico scrambled to free up enough money to stave off a default earlier this week on a $355 million debt payment, according to Reuters. In an unprecedented event the archipelago announced a plan that would take money from one group of bondholders to pay another. This sounds somewhat like a ponzi scheme but […]

Should You Pay Off Student Loans Before Investing?
  • Should You Pay Off Student Loans Before Investing?

Should You Pay Off Student Loans Before Investing?

By |October 31st, 2015|

Millennials who have been out of college for a few years are starting to wonder if they should start investing before they’ve paid off their student loans. There is no one-size-fits-all answer to this question, but each person should be able find the best path forward.

Investment and debt-repayment are two sides of the same […]

6 Student Loan Debt Forgiveness Options
  • 6 Student Loan Debt Forgiveness Options

6 Student Loan Debt Forgiveness Options

By |October 12th, 2015|

Most of us are not fortunate enough to be able to pay for our education outright. If we are lucky, we can obtain a few scholarships to help offset some of the costs, but most graduates leave college saddled with student loan debt. For some recent grads, this means a frighteningly large amount of […]