The average Canadian comes out of school with around $27,000 worth of debt and, based on an entry level job, the monthly payment will take up a significant amount of your disposable income. When I graduated, I traveled Europe for three months and then bought my first condo. It was all because of the steps I had taken when I was in school. Make sure that you sow the seeds of your financial success now.
The credit mistakes that students make today can affect them for years to come, so as parents, it is our job to ensure we teach them about responsible credit use. Our kids often look to us for financial advice and guidance but many parents don't fully understand how to build and maintain a good credit score either.
Canada is a country that is proud of its multiculturalism. It was built on the backs of immigrants -- some who arrived a century ago, and some who arrived last year. People come to Canada with hopes and dreams of a better life full of financial prosperity -- but sometimes it can be hard to get there.
Like guilt, there's an effect called "success by association," and people are willing to give you credit for things you were so far away and foreign to, you'd need a passport to make your way back in. When offered it, say thanks and let it make up for all the things you deserve credit for, but will never get. It will make others happier.
While it took a few years after the financial crisis for financial services start-ups to get their business models refined to the point where they can come to market they are here now, and these alternative financial services technology companies are becoming viable and increasingly common sources of financing for entrepreneurs and small businesses.
Every year thousands of Canadians fall victim to identity theft and fraud. March is Fraud Prevention Month. The good news is, by managing your personal information wisely, cautiously and with awareness of the issue, Canadians can help guard themselves against identity theft and fraud. This is why it is so important for us all to protect our personal information.