Category Archives: Women and Money

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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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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Debt is Redder than Ever

Nothing like waking up on a Friday morning to find out that the Bank of Canada governor says house prices are overvalued by 30 %.  As reported in the Vancouver Sun, Stephen Poloz, the Bank of Canada Governor said, “The vulnerability associated with household indebtedness is edging higher and the overall risk to financial stability in Canada is slightly higher…..house prices overvalued 30%”

Yikes.

Hidden behind the carefully worded text is another warning. As reported, “The bank continues to expect a constructive evolution of imbalances in the household and housing sectors as the economy improves and interest rates begin to … Read More >

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Debt and Bank Fraud

Today there is good and bad news.

The good news came from a StatsCan report about all of the household debt in Canada that many  experts have been complaining about – how Canadians have been accused of being bad money managers but guess what? This report confirms that we are not broke and precariously dangling from a cliff of troublesome household debt, but quite the opposite. Canadians have significant assets to back all of the debt – and more. There is a net-worth surplus.

As published recently by the Vancouver Sun, a former chief economic analyst for Stats Can, Philip … 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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3 Mistakes that Will Ruin Your New Year’s Resolution

3 mistakes that will ruin your New Year's resolution

At the start of a New Year, many of us feel the urge to create resolutions. But, as you might have heard, the average New Year’s resolution is abandoned a few weeks into January.

If we know how often we fail our resolutions, why do we create them in the first place? Most people feel that the beginning of a new year is a ‘fresh start’ and the perfect time to begin rolling out the perfect version of themselves.… 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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Should I Join A Birthday Girl Gifting Circle?

Should I join a birthday girl gifting circle?

Recently I met with a couple to do their bankruptcy counselling, and as we were talking the wife asked me a very interesting question. She asked my opinion on joining a “gifting circle” after being invited to do so by a close friend. The buy-in was $5000, and the promised reward was $40,000.

Sounds too good to be true doesn’t it? And you know what they say…

My first response was — that sounds like the “Birthday Girl” scheme. She said “Yes! That’s what they call it, the ‘Birthday Girl’ gets the money when it’s her turn”.… 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