If you could use some extra money and you’ve been diligently putting money into a retirement account, you may be considering cashing it out. This is hardly ever a good decision, and you should avoid it unless you’re dealing with a serious financial emergency. When would it be acceptable to cash out your retirement? The… Continue reading The Only Two Reasons You Should Ever Cash Out Retirement
Tag: bankruptcy
When Should I Start Considering Bankruptcy?
You know that it’s best to stay out of debt, but sometimes that just isn’t possible. No matter what caused your debt, it can be incredibly stressful to deal with, especially if it keeps piling up. When it gets incredibly severe, you may start to consider filing for bankruptcy. But this is not a get… Continue reading When Should I Start Considering Bankruptcy?
How Many Canadians Are Currently In Debt?
With everyone talking about student loans, mortgages, and car payments, it seems debt has become a normal part of life. Surprisingly, 24% of Canadians are free from personal debt, opting to repay their loans or avoiding large purchases altogether. Not only is the majority of Canadians in debt, they’re more leveraged than before, and the… Continue reading How Many Canadians Are Currently In Debt?