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….