Income Mobility In Canada: From Generation to Generation

Every parent’s dream is to see the next generation succeed even more than their own. And yet, among many Canadians entering adulthood, the expectation of being able to achieve some of the same milestones that their parents met is viewed with an increasing degree of cynicism. Can…

Is It OK to Be a Financial Pessimist?

The sun is finally starting to beam down in Progressa’s home city of Vancouver, and optimism is in the air – not just here in BC, but across Canada, where consumer confidence continues to rise in national survey results. And while there’s nothing wrong with…

How Will The Federal Budget Affect Your Personal Finances?

The new federal budget is here, and with it come a slew of changes affecting the nation at large. But what about the individual? Where does the new budget change your day to day spending patterns – your budget? As it turns out, it will do…

The Consumer Price Index: Are Hipster Trends Changing The Economy?

Could small-batch booze and other “artisanal” or so called “hipster” goods have an effect on the way a country measures its citizens’ financial success? This is the question a British report is asking as economists across the pond have revised their consumer price index to reflect changing…

Loans and Collections: How to Spot a Scam

For most people with an outstanding debt that’s been on their balance sheet for some time, one of two things will happen. Either they will take a proactive stance on eliminating their debt via consolidation, with an affordable credit rebuilding program or possibly a GIC, or…

Minimum Debt Payment: Changing Credit Behaviour

Any credit card, loan, or other financial product with a long term or revolving repayment – such as a financing agreement – will have a minimum monthly payment. Meet this minimum, and your payment is recognized – without penalty or repercussions against your credit score….

By The Numbers: The 50-30-20 Budget

Budgeting effectively is one of the most important parts of a personal finance plan, and there are about as many budget solutions out there as there are weight loss solutions. Much like the get-trim-quick advertising that accompanies the latest workout fad, there can be a…

Ontario Rolls Out Financial Literacy Pilot Program

After petitioning local officials late in 2016, Ontario students in Grade 10 and up will score a victory for their financial literacy preparedness with the launch of a new pilot education program by the provincial Ministry of Education.  Students’ financial expectations are increasingly at odds…

How Couples Can Work Together For Financial Success

Valentine’s day is fast approaching, and all you lovebirds and couples out there are sure to spend it with that special someone. However, the way you spend – and manage – your money all year long is important to consider in the maintenance of a…

Things to Consider Before Financing A Car

For many Canadians, it’s simply unavoidable to need to drive – from home to work, to school, or to access necessary utilities and daily tasks. Canadians have registered over 33 million vehicles as of 2015. Vehicle purchases or leases and upkeep costs (including insurance) can…