Burn Rate: Turning Down the Heat on Your Finances

In the startup world, the metric “Burn Rate” is often applied to help potential investors look at the viability of a new company. Put simply, how long (in months) would it take for a company to...

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Developing Your Record Keeping Skills

It can be a lot of work keeping track of your financial obligations, but it’s worth the effort: you’re able to stay on time and on budget more easily and avoid paying penalties for late payments. The same...

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Alternative Lending: Closing the Debt-to-Income Gap

We’ve talked a fair bit about the importance of debt-to-income ratios here at the Progressa blog. This fundamental ratio shows the relationship between how much you make, and how much you owe: for Canadians, it...

Finance, Financial Planning, Saving Money Read More

The Alternative Lending Survey By Progressa

Alternative lending is still relatively new to many financial consumers. Not to mention the fact that a large number of non-bank or alternative lending providers have entered the marketplace in the last several years....

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Progressa End-of-Year Review: CEO Ali Pourdad

As we close out 2016, Progressa has a lot to reflect on about the world we live in. Canadian household debt levels have continued to break troubling records, having risen to over 167% relative to disposable income by...

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Minimize Your Post-Holiday Financial Hangover

Everyone loves holiday parties, right? Whether you don an ugly sweater or a classy suit, getting together with friends to clink glasses and enjoy each others’ company can be a salve for the winter blues. However,...

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Throwaway Culture and Personal Finance

What would happen if you collected all the things you threw away for a day? A week? A month? Chances are, like this New York man, you would be literally swimming in discarded goods in just a few days. Experiments like...

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Personal Finance for Kids: Reimagining the Allowance

The working world has created a mental cycle among those of us who ply the nine to five: put in your hours, and anticipate the weekly, biweekly or monthly deposit from our paycheques. It’s a simple pattern, and it...

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