Category Archives: Personal Finance

Credit Building Loans @ Excelus

Bright Futures

At Excelus Financial Inc. we know that having the ability to understand personal finance and to obtain credit is the lifeline to creating a “Bright Future” for our Clients and their families, therefore, fulfilling financial dreams for thousands of Canadians.

We help our Clients to Build, Create or Restore their good Credit.

We know that Credit Building is Asset Building; therefore, we provide Credit Building Services, Secured Savings Credit Building Loans combined with Credit Education.

Our Clients Save Money, Build Credit, and learn how to:

  • Understand what a credit score means and why it is
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Financial Fraud – Prevent Identity Theft

Great tips, READ THIS! 9 ways to recover from financial fraud and prevent identity theft

Picture this scenario – you receive a phone call from your bank asking if you purchased something for $215.63 from an online retailer yesterday. You confirm that no, you did not. Your bank tells you that it appears as if you have been the victim of fraud and identity theft and that they will reverse the charges after an investigation is placed on your account.

The bank suggests that you go to your local branch and change your Personal Identification Number (PIN) and your online banking password. They give you no further information regarding what you should do and how … Read More >

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Dollars & Sense (2)

THE JONES DON’T COUNT

Far too often wants are driven by the desire to have what others have.  This desire is referred to as keeping up with the Joneses.  Whomever, the Joneses, are should have little or no influence on your spending.  What others do and have should not control or even influence what you purchase.  Achieving your financial happiness and well-being should be far more critical.  Defining yourself is not what you have or what you own; it is who you are that matters.  In the long run, the high confidence that you develop from gaining financial self-mastery will … Read More >

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DOLLARS & SENSE

Before Shopping, Consider Stopping;

 

SHOP TILL YOU DROP

Shopping has become one of Canada’s favorite pastimes but is also a massive contributor to debt and financial difficulty.  Fortunes are spent, unneeded items are bought, and cash registers continue to ring.  Canadians seem to have an unquenchable desire for more things.  When a charge card is at its limit, another account is opened.  What is more, advertisers fill the media with beautiful items, exclusive discounts, and catchy slogans.  It is no wonder that personal debt is galloping out of control and savings accounts are depleted.  Something must be done, and … Read More >

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Women Take Charge of the Finances and Reduce Stress!

At Women and Money Inc. we recommend the following:

Money is an emotional subject it either makes us happy, sad or fearful. Try to think about money as your friend, not your enemy. Track your spending every week make time to go over your finances and understand where your money is going. It will help you to decide to keep spending the way you are or to alter your spending patterns.

Trust your self that you know what is best for you. Spend time researching items before buying them. This is especially true if you are making a “big … Read More >

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Protecting Yourself from Fraud – And the Bank

In Canada, you are innocent until you’re proven guilty.  It would appear that our banking system has forgotten this simple fact.

Lyndsay Passmore (http://www.theprovince.com/Woman+issues+warning+after+thieves+ring+thousands+credit+cards+bank+says/11333047/story.html)  had 4 credit cards stolen.  When she noticed them missing, she contacted the appropriate banks.  In the interim between the cards being taken and her reporting them stolen, the thieves had taken approximately $15,000 in cash advances and charges.  Her bank, while absorbing some of the charges, tried to put Ms. Passmore on the hook for $4000, citing the fact that her Personal Identification Number (PIN) was inputted correctly the first time (which it … Read More >

Also posted in Blog, Debt | Comments closed

Judgement Day Under Reform

Behold, judgement day is upon us, or more accurately, money judgement day.

When I first looked at the new law being proposed in BC about money judgements I almost cried. It’s terrifying to see how many bad things can happen to people if they should have serious debt problems. They even use the word execution.

Money judgements are the second last step in the collection of debts before the final solution for an impossible debt problem, a bankruptcy. Creditors must go to court, first, to get what is known as a judgement so they can begin to take property away … Read More >

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Trovi and the top 10 scams you need to watch out for

Arm yourself with knowledge: read a story about the Trovi virus and a list of the top 10 scams you need to watch out for!

A good friend of mine knows all about phishing and never to visit unknown websites – or to open unexpected attachments. Even so, last Friday night at 11:30pm he received a file he was expecting from a known colleague.

The files were big and were sent through Sendspace. When he got it he clicked on Sendspace after which a prompt popped up and informed him that he needed a software upgrade to gain access. So far so good.… Read More >

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How Using Coupons Blew My Budget (Coupon Fail)

Coupon fail! How using coupons blew my budget - and how you can avoid my mistake!

By Courtney @ Women & Money Inc.

The other night I received $20 worth of coupons to use at a local restaurant, with no restrictions.

We had never been to this restaurant before so I checked out the website to read the menu, which had a variety of tasty sounding dishes as well as kid’s meals, but no prices listed. My husband and I didn’t have a dinner planned for that night, so we thought we’d pack up the kids and have a cheap dinner out.… Read More >

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Debt is not forever

Debt is not forever! Here's some awesome free resources for getting out of debt

Are the credit card bills piling up from your holiday spending? If you won’t be able to pay them off for a while, you’re probably resigned to the fact that debt is just a part of life.

Debt comes, and it may go, but more will come. Debt will always be a part of your finances.

But you are wrong. Because debt does not need to be your close friend/enemy.… Read More >

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Doing It My Way

Doing It My Way: How to Organize Your Affairs, Clarify your Wishes and Leave a Lasting Legacy

By Margaret H. Johnson

When my dad passed away very suddenly, his financial affairs were well organized, but we didn’t know what any of his last personal wishes were. My mom, siblings and I had to make difficult decisions, not knowing what he truly would have wanted us to do. All that stress was compounded by our grief.

After that experience I realized I needed to organize my own affairs and clarify my wishes. And I wondered, how many others are in the … Read More >

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5 Reasons You Didn’t Reach Your Financial Goals Last Year