A column by Margaret H. Johnson ACE, RQIC, a thought leader in the field of credit education and debt management. She offers 100% confidential and unbiased credit counseling and debt consolidation services. If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business finance.
Money Management
Your Money Attitude
Taking action
When addressing financial matters, “attitude is everything.” The way that we think and feel about money has a direct link to our attitude towards money. Our parents shape our perception of money; the manner in which our parents saved and spent their money when we were children affects our saving and spending habits.
Your Financial Health
Can you afford to live the life you really want?
Ignorance is not bliss when it comes to your money. If you struggle to make ends meet, have trouble saving money, or feel burdened with unwanted debt. It is time to do something about it.
Registered Education Savings Plans (RESP)
Education planning
Registered Education Savings Plans are not new to Canadians. There have been a number of legislation changes in the past several years that have made the plans more attractive to consumers. With the high cost of post secondary education and the huge burden placed on some students with student loans after they graduate - it is not surprising these plans are becoming very popular.
However, there are also some facts about these plans that you may not know if you get into financial difficulty.
Money Issues and Relationships
Sharing the responsibilities
In today’s economically driven world, money is becoming an increasingly important issue in human relationships. Relationships are much more complex than a bank statement; however, money is a main source of anxiety for many couples.
Living Paycheque to Paycheque?
Lost your job – Now what?
If you or your spouse lost your jobs how would you live? Do you know?
Do you have a savings plan or like most people are you living paycheque to paycheque?
Who would you pay first – or would you even pay your creditors – what about rewriting your loans is this a good idea – are you sure?
Here is some advice for dealing with your debts until you can get back to work or increase your income.
Debt Management Tools for Student loans
Pay attention to details
When it comes to any loan documents be sure to read all the fine print before signing them no matter how long it takes you. Your signature is your promise to pay – do not take this matter lightly - it could affect you for years to come.
Remember, if you are experiencing financial difficulties do not wait. Speak to a professional today!
Margaret H. Johnson ACE. RQIC is a president of Solutions Credit Counselling Service Inc.. She can be reached by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or call toll-free in Canada - 1.877.588.9491.
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