Tag Archive | debt

Financial Folly

Imagine that you earn $33,000 a year. It is a moderate income. But you like to spend money, and so you habitually spend about $2,000 more each year than you bring in in income. Five years ago, you were $50,000 in debt. As a result of your recent overspending, you are now $60,000 in debt. […]

Planning for the Next Crisis

It was announced this week that Justin Trudeau’s government is giving $300-$500 each to 6.7 million Canadian seniors, at a total cost of $2.5 billion. We seniors will accept the money, of course. We don’t have a choice. For most of us, it will automatically be deposited into our bank accounts. But how many of […]

Why the Federal Government Deficit Matters to You

$$$$$$$$$$$$$$$$$$$$$$$ When most Canadians look at a federal government budget (or a provincial government budget), they look to see what is in it for them. Is there some new program or subsidy or grant that will benefit them or their children? Is the government going to provide a home ownership grant or a child daycare […]