More than 1 in 3 people said they did not discuss their debt with their spouse prior to getting married. If you are starting a new life together would it not be a good idea to at least start a conversation about the debt burden that will impact you and your spouse's ability to buy a home and borrow for other purchases?
In the financial media, January is the month often coined the 'debt hangover' with many people feeling the winter blues while trying to reconcile how they will service their holiday bills and increasing debt loads. The 'debt psyche' that results for many during this period is often one of a heightened aversion to assuming more debt.
Does Thanksgiving dinner leave you feeling like a turkey? Hosting dinner for friends and family can leave you feeling thankful, but let's face it, putting on a Thanksgiving spread isn't exactly cheap! But what if there were a way to cook for a crowd without spending a bundle this year? With these tips you can have a fun, festive and frugal holiday dinner without sacrificing taste or quality.
The U.S. debt was $1-trillion in 1982, and at $12.1-trillion just four years ago. It's now at $16.7-trillion and needing to be raised on Oct. 17th, or the country will be unable to pay its bills and will default on debt payments. This sends a clear message to a debt-ridden populace: that their own government doesn't even take debt that seriously.
The financial press in Canada has been identifying our deficient economic productivity for several years now. In 2012, the Financial Post ran a column entitled "Canada's productivity gap is looking worse than ever. There may be opportunities to influence our growing debt problems in the country through programs comparable to those used to stimulate our economy's productivity. If tax credits and other incentive programs can be formulated to help stimulate our productivity gap, are there similar policies that could find ways to help those looking to start their own business, create jobs and directly impact the economy and productivity?
A government's claims of economic competence must surely depend upon a sound record in certain crucial areas -- such as economic growth, debt reduction, balanced budgets and management of the tax burden. On all four counts, the Harper regime is a serious disappointment. As for taxes, that's where Mr. Harper brags the most. But check reality! While claiming they never raise taxes, the Harper Conservatives have in fact increased the net tax burden on Canadians in each of their last four budgets. It happens in dozens of nefarious ways which they hope you won't notice.
Is college or university a waste of money? For some people it is, for others it is a great investment. The point is that you should crunch the numbers and carefully consider your decision up front, so many years from now you are not looking back wondering how you will ever pay off that massive student loan.
It's a wonder that the heads of state and heads of government of the G20 who just met in Russia spent any time at all talking economics. Seriously, how could they pull themselves away from discussing Syria (or Sochi, or Snowden) long enough to actually focus on the international financial system? Sure, that's the explicit purpose of the G20 meetings, but still, let's give credit where credit is due.