Last week I put the finishing touches on my emergency fund. After raiding it to pay off my car loan, it’s finally back up to the $10,000 mark that I prefer. Which is good, because I’m going to need it over the next 16 months. My husband is going back to school. That’s right, in two weeks, we’ll be a …
Your Guide to Canada Student Loan Forgiveness
Student loan debt is a big problem in Canada, and it’s not going away any time soon. The average new graduate is carrying $28,000 in student loan debt. Pair that with high housing costs and low wages, and it’s no surprise that most millennials are putting off major life milestones because they simply can’t afford it. There is a small …
The Only Time I’ve Ever Felt Insecure About My Debt
At the end of this month, my blog will turn three years old, and I’ll have been openly talking about my debt for three years. In that time I’ve gradually come clean to everyone I know about my debt. This includes employers, friends, family members, everyone in my local community and of course my fabulous blog family. Of the hundreds …
5 Beginner Tips for Paying Off Debt
If you want to pay off your debt but the whole process seems daunting, you’ve come to the right place. I started out with almost $38,000 in debt, and in the beginning, I couldn’t imagine being able to pay all of it off, much less in two years. I made a lot of mistakes when I started out paying off …
5 Mistakes You’re Making With Your Debt
There’s a reason that the average Canadian’s non-mortgage debt hit $28,853 in 2014 and that’s because it’s hard to pay off debt. It’s a long, slow process and there is zero tangible reward to it until you get to the very end and can proclaim yourself debt free. That said, paying off debt is an important part of personal finance, …
How Much Debt Would I Have If I Hadn’t Paid it Off?
Every once in awhile, I wonder about the road not taken. What would life have been like if I hadn’t moved out of the city after graduation and to a rural area. What if I hadn’t totalled my fiancé’s car, broken my wrist and had to buy a new (to me) car? What if I hadn’t paid off my debt? …
Is Borrowing Money for School Ok?
(Note the whole discussion below assumes my husband and I are paying for the education, not an employer) If you’ve been reading this blog for more than a day, you know that I took out $40,000 in student loan debt to complete my undergraduate degree. While I only ended up having to pay off $26,000 of it (due to this …
Nova Scotia & Newfoundland Improving Student Loan Policies
Who says that our governments aren’t listening to us? We’ve been seeing some awesome improvements to student loan relief in Atlantic Canada lately. Here are the highlights: Newfoundland, I Love You Last week it was announced that Newfoundland is eliminating student loans altogether, in favour of grants that don’t need to be repaid. That’s right, that’s not a typo. Going to …
5 Things I Wish I’d Done in College to Save Money
Ahh University. Such a great time in life, but so. freaking. expensive. The fact that I would go to University was a foregone conclusion when I was growing up. My parents were convinced that it was the surest path to a prosperous career. They encouraged me to go to the best school I could and pick a degree program that …
Am I Average?
If you spend enough time in the personal finance blogosphere, you start to develop a bit of a warped view of what “everyone else” in your social circle is doing with their finances. Myself, I tend to think that “everyone” is debt free, has a religiously tracked budget, and is working towards ambitious net worth goals. When things like this …