TRENDING  CHOOSING A LOAN AGENCY OR LENDER    

/consumer-education/

Consumer Education

/consumer-education/

Consumer Education

TRENDING  CHOOSING A LOAN AGENCY OR LENDER    


04.02.2020 / Borrowing

How to Come Up with a Reliable Repayment Plan
It’s Payback Time Whether it is the mortgage, student loans or just a credit card, the inevitable time comes when repayment must begin.  Unfortunately, many people have no idea where to start and are even unsure where they stand in relation to debts versus income.  This seems to be particularly…

03.31.2020 / Borrowing

5 Important Tips to Becoming a Savvy Borrower
Reduce the Risk of Borrowing The shock of the Great Recession has largely faded, and people are less shy with debt than they were a decade ago.  The proliferation of student loans and credit cards has accustomed new generations to the idea of borrowing money and managing debt.  Of course, as…

03.31.2020 / Borrowing

4 Mistakes to Avoid When Borrowing
Borrow with Both Eyes Open Even with less than perfect credit, it’s easy to borrow money – sometimes a little too easy.  Situations arise when a loan is necessary, whether it is a big purchase like a house or a car, or in an emergency when cash is short.  But neither excitement nor panic should…

03.30.2020 / Borrowing

What Important Items You Need to Know Before Taking Out a Loan
The Precarious World of Borrowing Money Many students having just graduated college find that they are entering the world of adulthood saddled with student debt.  Add to that mortgages, car payments, credit cards and more, and the idea of debt can seem overwhelming.  With so many choices of…

03.20.2020 / Safety

What to Do Now if You’ve Given Out Important Personal Information
Scams and Schemes  This is the Information Age.  Facts, data and knowledge are the currencies of the day, our most valuable commodities.  Through the Internet especially, personal information is swapped and sent, from government ID numbers to bank information and credit cards.  This is all meant…

04.02.2020 / Borrowing

How to Come Up with a Reliable Repayment Plan

It’s Payback Time Whether it is the mortgage, student loans or just a credit card, the inevitable time comes when repayment must begin.  Unfortunately, many people have no idea where to start and are even unsure where they stand in relation to debts versus income.  This seems to be particularly…

03.31.2020 / Borrowing

5 Important Tips to Becoming a Savvy Borrower

Reduce the Risk of Borrowing The shock of the Great Recession has largely faded, and people are less shy with debt than they were a decade ago.  The proliferation of student loans and credit cards has accustomed new generations to the idea of borrowing money and managing debt.  Of course, as…

03.31.2020 / Borrowing

4 Mistakes to Avoid When Borrowing

Borrow with Both Eyes Open Even with less than perfect credit, it’s easy to borrow money – sometimes a little too easy.  Situations arise when a loan is necessary, whether it is a big purchase like a house or a car, or in an emergency when cash is short.  But neither excitement nor panic should…

03.30.2020 / Borrowing

What Important Items You Need to Know Before Taking Out a Loan

The Precarious World of Borrowing Money Many students having just graduated college find that they are entering the world of adulthood saddled with student debt.  Add to that mortgages, car payments, credit cards and more, and the idea of debt can seem overwhelming.  With so many choices of…

03.20.2020 / Safety

What to Do Now if You’ve Given Out Important Personal Information

Scams and Schemes  This is the Information Age.  Facts, data and knowledge are the currencies of the day, our most valuable commodities.  Through the Internet especially, personal information is swapped and sent, from government ID numbers to bank information and credit cards.  This is all meant…

03.20.2020 / Borrowing

4 Important Facts to Know About Installment Loans

Characteristics of an Installment Loan An installment loan is any amount of money that is lent to a borrower all at once, and then paid back in installments.  The average mortgage, car payment and student loan repayment plans follow this model.   Typically, an installment loan will have a fixed…

03.18.2020 / Safety

3 of the Most Common Consumer Frauds

Scam artists have been around for as long as there has been commerce.  Over time, the methods might have grown more sophisticated, but they remain just as common and dangerous.  In fact, sometimes the methods are not sophisticated at all, but extremely simple.  Knowing the most common consumer…

03.17.2020 / Budgeting

How to Vacation on a Budget

Don’t Let Spending Ruin the Trip  Who doesn’t love to dream and indulge in the travel brochure that talks about cutting loose and living large?  With that said, money concerns should never ruin a vacation.  It is possible to vacation on a budget, with just a little thought and preplanning.   …

03.10.2020 / Budgeting

5 Inexpensive Home Renovations that Add Value to a Home 

Strategic Improvements  The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes.  But many are finding that once their updates are made, they have a hard time re-selling the house.  While passion…

03.09.2020 / Safety

3 Important Steps You Can Take to Avoid Fraud

New and Old Dangers The world has changed for the better with a rise in technology that protects people and transactions with increased security measures.  However, scam artists have adapted to new ways of doing business, too.  In some ways, transactions are safer than ever with complex…

03.05.2020 / Borrowing

How to Better Understand Your Credit Score

  What is a Credit Score? Talking about your credit score is like talking about escrow – it’s one of those financial things that comes up all the time, but it is not always easy to understand.  But your credit score is not just a mysterious number, it is vitally important to several key life…

03.05.2020 / Borrowing

4 Simple Ways to Improve Your Credit Score

The Famous Credit Score Your credit score is a three-digit number that tells financial institutions how likely you are to pay back borrowed money.  It factors in payment history, total debt, number of credit requests, and more. A good credit score is essential to keeping financial options open and…

03.04.2020 / Budgeting

How to Cut Back on These 5 Common Items in Your Budget

  Most people have a budget of some kind.  Some may have a bigger budget than others, but almost everyone is tied to a monthly spending cap.  Even for someone who has taken the time to make a budget, there are still more ways to “trim the fat.”  There are some common items in almost every budget…

03.03.2020 / Budgeting

3 Easy Steps to Creating a Simple Budget

Why Create a Budget? For those who have ever been afraid to pull up a bank statement because of yet another overdraft, a budget is desperately needed. Really, every household needs a way to keep track of spending; but a budget is a necessary part of life that not only gives households a complete…

03.03.2020 / Budgeting

5 Small Ways to Save Money

  The Quest for More Money It doesn’t matter how much money is made, there never seems to be enough.  Even after a great raise or new position, the excitement only lasts long enough for a recipient to adjust to a new lifestyle.  Then, ending up with the same small amount left in the bank account…

03.03.2020 / Borrowing

Choosing a Loan Agency or Lender

How do you know who to trust with your finances? How do you know which loan is best for your needs? It would be simple to select the first lender that pops up in your online search, but taking out a loan is serious business. This is why it's in your best interest to do your homework before…

03.03.2020 / Safety

Cheque Cashing and Cheque Writing Tips

  A cheque is a negotiable instrument issued to an account holder by a bank. This document can be used to pay someone a specific amount of money on a certain date. You can write a cheque to any business or person as a way to transfer money from your bank account to them. Below are some basic tips…

03.03.2020 / Lifestyles

Glossary of Financial Terms

Financial terms and jargon can be awfully intimidating! Our Personal Finance Glossary should be helpful in putting this finance lingo into simple, everyday language. Account: An arrangement at a financial institution for depositing, withdrawing, borrowing or investing money. Account Statement:  …

02.26.2020 / Borrowing

Payday Loan Rates

  A payday loan is a short-term, unsecured loan for a set number of days. You should know and understand the fixed amount that you are paying for the loan. Money Mart charges a fixed amount per $100 borrowed depending on province. You will always find this information clearly posted in our store…

02.26.2020 / Budgeting

How to Track Your Household Budget

A budget is a financial plan that estimates income and spending over a specific period of time. Using a budget will help you to live within your means by planning your spending and savings. When you track your expenses and create a household budget, you are taking an important first step towards…

02.25.2020 / Budgeting

How to Attack Debt

Debt can be daunting. Especially when each month you continue to receive bills for rent, car payment, student loans, credit cards, etc. and you don’t know how you’re going to pay it all off. Fortunately, there are a few simple steps you can take to help reduce your debt. First, calculate your debt…

02.25.2020 / Borrowing

What Loan is Right for you?

Tips on Choosing a Installment or PayDay Loan Whether you have unpaid bills on your hands, you’re dealing with an unexpected emergency, or you just want to keep cash handy for a rainy day – there’s a loan that can meet your financial needs. If you’re looking for a little cash to tide you over…

02.19.2020 / Borrowing

Credit Talk

Your credit score is a reflection of your reliability based on past economic behaviors. It's used by creditors, landlords, insurance agencies, government agencies, even employers. It tells part of your financial story. There are many factors that contribute to your credit score. Most companies…

02.19.2020 / Budgeting

Basic Money Management Tips

Get organized! Paying your bills on time will help you avoid late fees and penalty charges. Create a list of your current bills. Print a month-long calendar and record the due date of each bill. Make bill paying easier by filing your bills by the due date. Prioritize your debt. Decide if you…