budget

3 tips to get your finances in order this fall

(NC) Whether you’re running a small business or a household, high inflation and rising interest rates are causing many of us to feel concerned about our finances. While we can’t control inflation or interest rates, there are some steps we can take to help balance our books. Here are three. Monitor your money Whether you’re tracking your personal finances or those of your business, it’s essential to create a budget to monitor your income and outgoing costs.

Continue reading

Is financial stress affecting your physical and mental health?

(NC) For many of us, financial worries are the greatest source of stress – greater than health, work or family obligations. In fact, according to a recent study, 40 per cent of Canadians say they are overwhelmed by debt, while 48 per cent say they’ve lost sleep due to financial worries. And financial stress can have a negative impact on your physical and mental health. The sources of this stress are many, and may include high debt levels, living paycheque to paycheque, managing household expenses and struggling to save money for short- and long-term goals.

Continue reading

Federal Budget 2019

To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC). It is expected that approximately 100,000 first-time home buyers would be able to benefit from the Incentive over the next three years.

Continue reading