How to Reduce Your Debt and Save Thousands of Dollars

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When I first started getting serious about improving the way I manage my finances, I started consistently putting hundreds of dollars toward my debt each month. My minimum payment for the car loan I had at the time was $233 and my student loan payment was only $140 per month. Yet and still, I was committed to putting anywhere from $600-900 toward my debt each month. I remember getting when one of my...

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Posted in: Credit and Debt

Using a windfall to pay off debt

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When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly.  I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university.  Woohoo! Photo Credit: Images_of_money via Flickr Any...

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Posted in: Credit and Debt

Paying off my student loans

student loans, paying off student loans, debt freedom, paying off debt
According to Statistics Canada, over half of Canadian students graduate from post secondary education with an outstanding government student loan. As you know, CF graduated with a large student loan, while I owed less to the government but more to my parents. On average, we had as much debt as everyone else.  Not very appetizing for a couple who prides themselves on being different!   Photo Credit:...

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Posted in: Credit and Debt, Money

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