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.
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
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.”
I am a communications student specializing in journalism at MacEwan University. Money quickly became a large factor in my decisions, including my choice of school to attend. I decided to take the first two years of my degree at a college with tuition costs nearly half that of Edmonton rates, but needed to transfer to a university to complete my degree.
Even after making financially stringent decisions, my student debt will fall slightly below the national average of $27,000, as per the Canadian Federation of Students.