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Debt Part 4 - Interest rates are going up!

Submitted by Helkie Financial & Insurance Services Inc. on July 15th, 2018

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.

Tags:
  • Interest rates, how do interest rates affect your finances, personal finance
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Debt Part 3 - Good debt?

Submitted by Helkie Financial & Insurance Services Inc. on July 15th, 2018

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).

Tags:
  • good debt, debt,
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Debt Part 2 - Do you know how interest rates work?

Submitted by Helkie Financial & Insurance Services Inc. on July 15th, 2018

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%.

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Debt Part 1 - A four letter word! But why?

Submitted by Helkie Financial & Insurance Services Inc. on July 15th, 2018

DEBT PART 1

A four letter word!  But why?

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5 tips to make sure you do better on your taxes next year!

Submitted by Helkie Financial & Insurance Services Inc. on May 8th, 2018

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?

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It's tax filing time – embrace it!!!

Submitted by Helkie Financial & Insurance Services Inc. on March 27th, 2018

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:

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Back to reality

Submitted by Helkie Financial & Insurance Services Inc. on February 15th, 2018

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.

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New Year, new habits

Submitted by Helkie Financial & Insurance Services Inc. on January 16th, 2018

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.

Tags:
  • changing our behaviour
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Archived Blog

  • July 2018 (4)
  • May 2018 (1)
  • March 2018 (1)
  • February 2018 (1)
  • January 2018 (1)

Categories

  • changing our behaviour (1)
  • good debt, debt, (1)
  • Interest rates, how do interest rates affect your finances, personal finance (1)

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