Tag Archives: personal finance

Finances a matter of family and community Money Mentors helps people get a handle on debt

People are often put off by the topic of money management. The Norwood Wesleyan Church helped parishioners get past their reluctance with a workshop.

Sound finances empowers people and communities, explained Phillip Telfer, Wesleyan pastor.

“Realizing money is a tool and using it well to help you and those around you. It means using your money to love people,” Telfer said.

Continue reading Finances a matter of family and community Money Mentors helps people get a handle on debt

Finding the way out of the debt cycle New payday loan regulations aim to protect customers

You can’t watch television anymore without seeing multiple commercials for payday loan companies. They are as bright and jingly as fast food commercials. To hear the commercial personality speak, a payday loan is just another tool in your financial toolkit.

Here on Alberta Avenue alone, there are more than a dozen of these companies, some strictly dealing with short-term credit, while others have a pawn shop as an added service. If coming into a store is not appealing or easy, a loan can be as far away as the click of a mouse. Continue reading Finding the way out of the debt cycle New payday loan regulations aim to protect customers

Giving your budget some breathing room Calculating the financial cost of daily addictions

The effects of addictions are not isolated. Whether it is an addiction to cigarettes, coffee, or alcohol, the financial impact alone can be detrimental.

According to an MNP Debt survey, “fifty-eight percent of Albertans say they are now living within $200 a month of being unable to pay their bills and debt payments each month.”

Continue reading Giving your budget some breathing room Calculating the financial cost of daily addictions