You have dinner with a friend, realize you don’t have the ability to pay, but you agree to send your friend the money for your half at a later date.  How would you do this? If you’re not sure, read on to find out How To Send Money to Friends and Family. THE STANDARDS In Canada, there are a few s… Read More

I was addicted to gambling for most of my life. You can listen to my story here. I had a problem with gambling. It took a while but I eventually gained control of my life and stopped gambling (and drinking). Now I love life and everything is awesome. But I’m not saying that there is anything wron… Read More

Before the Tax-Free Savings Account (TFSA), we had two options when investing money in Canada: Non-Registered investments: You invest with your after-tax money, you pay tax on interest or dividends earned every year, and when you sell them you have to pay capital gains tax on any investment g… Read More

Watch video on YouTube. It was November 2005. I was so excited. I won a $20,000 jackpot playing online video poker. Not only could I pay off the gambling debt I’d been accumulating slowly over the last month or two but I could pay off previous debts as well. I could put this nightmare behin… Read More

An available balance on a credit card is not a licence to spend that balance on whatever you want. It is simply an option to borrow money. When you borrow money, you have to pay it back, plus the cost of the interest, over time. When you borrow money, you should always have a plan to pay it back.… Read More