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We're 100% sure interest rates are going up at some point. And they have gone up 2% in the last year. No one can say they didn’t know! If you didn’t until you read this blog then you do now. If you know that the same dollar you borrow today is guaranteed to be more expensive to pay back in the future, why wouldn’t pay it back now? Or as fast as you can.

Did you know there's good debt and bad debt? Good debt would be investment debt like your mortgage or education. Something that, over time, will serve you well and advance your financial situation. Bad debt is spending money you don’t have to satisfy a perceived need that is just a want (trying to keep up with the Jones).

We're in a historical time where interest rates are at an all time low. Or should I say we were? The average consumer may or may not understand how interest rates impact them. We hear about it, but do you know how it affects you? The cost to borrow money was almost nothing in the last several years. Here's an example: You borrow $1000 and the interest rate is 2%.

DEBT PART 1

A four letter word!  But why?

You have filed your taxes – Now what?

5 Tips for making sure you do better next year!

So how did it feel?  Did you make more money in 2017?  Did you learn anything? Did you pay too much tax?  Did you save enough?  If not, why?

It's tax filing time. Don’t fear it – like it or not, it happens every year. Embrace it!

The fear of tax time stems from a few issues you have the power to change:

It is mid February and by now human behavior suggests all your 2018 resolution may be in flux. For those of you who have stuck with them -- you are awesome!!! Having said that, the RRSP deadline is only 2 weeks away. I like RRSP season because it forces us to deal with the issue of our own finances.  Deadlines are a good thing. It is a time to remind yourself to do a review.

It is a New Year and we all start with the best of intentions.  Now it is mid January and this is exactly when our best intentions fall apart.  Rather than give you a list of challenges or behavior changes I am going to suggest you track your spending for 2 weeks.