Powell
55 Drury Cove Road E2H 2Z8 Saint John, NB, Canada

Don’t make the mistake of thinking the minimum due is a monthly payment you should be making to pay off your credit card bill. When you only pay the minimum due on your credit card statement, your credit card issuer will make a lot of extra money from you. #FINLIT #DEBT

But making a budget and actually living by it are two different things. The difficult part is actually living within the plan, day in and day out. #finlit #budget

An emergency fund is a financial safety net designed to cover expenses or bridge the temporary loss of income between jobs. It’s also there to prevent the use of your retirement savings, or high-interest debt, such as credit cards and payday loans. #finlit #budget #emergencyfund

Having control of our finances by way of budgeting can ease up so much stress we have around how we spend and save our money. #finlit #budgetting

Creating a budget is a great way to track where your money goes each month and an important step to getting your finances in order. #finlit

Credit Rebuilding Basics, Part 3. To repair your credit, you must first find out what your credit report is sayingthat's the starting point. #FinLit #credit #rebuilding

REPORT: 71% of survey respondents have checked their credit report in the past 12 months - resulting in an increased understanding about their relationship with #credit. #FinLit #debt

The Canadian Mental Health Association learned that the pandemic is continuing to cause pronounced #mentalhealth concerns, in many segments of the population. But can people afford the help they desperately need? #Debt #Stress

When you co-sign, you are guaranteeing someone else's debt; when you co-borrow, you are jointly taking out debt. #Debt #Family #FLM2020

Are you a Pessimist or an Optimist? 56 percent of respondents see the Canadian economy weakening in the next six months, which means pessimists now outnumber optimists about four to one. #mentalhealth #economy #cdnpoli

It’s high time that we normalize the conversation of debt in Canada and start the healing and rehabilitative process that the the Bankruptcy and Insolvency Act is intended to invoke. #debt #finlit #FLM2020

A thorough understanding of credit cards and their use can help you avoid the pitfalls of credit. #Debt #Finlit

REPORT: Financial Hardship in Atlantic Canada still increasing due to #covid19 "most of highest % of those experiencing mental health and emotional hardship were in the Millennial age group and unemployed." You have options. Know them. #FinLit #FLM2020

Debt is future income used today. As debt loads get higher, more future spending is pulled forward. The higher these debt loads get, the more future growth is being used. #Debt #Money #life #FinLit

Financial Literacy Month is focused on helping Canadians understand their finances and make informed financial decisions in challenging times. #flm2020 #debt