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Encouraging men to take active roles in unpaid care and domestic work and adjusting their perceptions around women's productive and reproductive roles goes a long way in enhancing women's economic empowerment.
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Stats show that millennials prefer to use debit cards to credit cards for their purchases. Millennials are the first generation to grow up with debit cards, which may explain this pattern. Several findings prove that this generation isn't fond of credit products. The reasons for this may be many, but the top may be controlling spending and fear of debt. This lack and hesitance to use a credit card among millennials is causing them more harm than good in the long run.
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What you don't have to do forever is live with debt. You don't have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It's not an easy cycle to get out of; I know that firsthand.
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Have you ever thought how much more money you spend travelling across town to use that store or get extra rewards? How many points apps or websited do you have on your phone and how do they change our natural behaviour? When we count up the effort, is it worth the reward?
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Dave Baker is a used car salesman on a mission to make Canada a more fair and equitable place. Go ahead and take a moment. Be skeptical. It took me six months to overcome my initial aversion to the predominant narrative of auto sales. I was sure that there was a catch. There had to be a bait-and-switch somewhere along the way.
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Lenders have been using a person's credit report for years to judge their overall creditworthiness and the risk that they might default and become a bad debt. However, financial institutions often use another measure, a bankruptcy score, to refuse a loan application for someone who may otherwise have good credit.
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For those employees who are fortunate enough to receive a year-end bonus, many may be tempted to spend it immediately. But I advise you to resist the urge to spend the money on frivolous items and instead think about putting your hard-earned bonus to work for you.
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The last survey on inaccurate credit data by the Ottawa-based research firm Public Interest Advocacy Centre (PIAC) dates back to 2006. It showed that 18 per cent of surveyed consumers felt their credit reports contained inaccuracies, some to the point of affecting their ability to obtain credit.
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.
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With mortgage rates likely about as low as they can go, it may seem like a sure bet to lock into a fixed rate. But homeowners should be focused less on rates and more on the bigger issues of affordability, eligibility and, most importantly, maintaining good credit.
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OTTAWA - Statistics Canada says the ratio of household debt to disposable income hit a new high in the fourth quarter as incomes increased at a slower pace than consumer borrowing. The agency said Thu...
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It's time for students to take control of their finances, and the first step in doing that is becoming more knowledgeable. Melissa Jarman, director of student banking at RBC, says there's a lot of work that needs to be done to improve financial knowledge.
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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.
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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.
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Have we become a society addicted to debt? Based on some recent surveys, I would have to conclude that the answer is yes. Debt has become an acceptable fact of life in our society. Can you live without borrowed money? If not, you may be living on borrowed time.
With the holiday shopping season in full force, my requisite ventures into the sweaty shops of my local malls need to be purposeful, successful and time-saving. I've found a dozen ways to make those long line ups and general holiday hustle and bustle productive, amusing and sanity saving.
This is Credit Education Week, and the theme this year is "Every Dollar Counts." Small expenses can add up to big dollars. So this week I did a survey of my colleagues and I asked them for their top money management tips, and here is their top 10 list.
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.
TORONTO - Canadians are paying off more of their credit card debt and borrowing less as they cope with a weaker economy and some restrictions on credit expansion.The latest national credit trends repo...
For snowbirds looking to make their annual sojourn to southern U.S. climates, this recent weakness in the canuck buck couldn't have come at a worse time. My advice for those who are going to be looking to convert Loonies for greenbacks is to stagger those purchases over the next few months.