April 28, 2014

By Margaret H. Johnson

People are often confused about what debt consolidation is, exactly. Is it a loan? Is it writing off my debt? Is it borrowing against my home? Debt consolidation through Solutions Credit Counselling is actually none of these.

April 22, 2014

By Margaret H. Johnson

I have to admit that tax time gives us an opportunity to see, without any distortions, what we spend our money on – provided that we use our bank statements and credit cards to do the accounting for us.

A colleague of mine told me that he discovered how much the cost of gas has gone up. While preparing his tax return, he found out he spent $3,000 in 2013 for gas. “That’s really incredible because I basically don’t go anywhere and I drive a 4 cylinder Honda.” He complained. “But I knew trouble surrounded my bank account when last week it cost me $65 for a fill up, which a couple of years ago, was about $40.

April 15, 2014

By Margaret H. Johnson

Spring is sprung, the grass is ris. The days are getting longer. The sun is back. All is good. Except for those piles of receipts, bank and credit card statements that sit in the other room.

Some people would rather have a root canal or spinal tap than do their taxes. You know what? It ain’t that bad.

You see, doing your taxes is the moment of truth for our personal finances. It’s actually a learning experience for many of us. As we go up and down the bank statements we see, one entry at a time, where we spent our money and how much we made.

April 8, 2014

By Margaret H Johnson

The criticism is back. Yes, in the Vancouver Sun today, a personal finance article quotes Equifax as suggesting, “Consumers are reining in spending while experts say signs of indulgence remain evident.”

Now that is somewhat confusing. The unadjusted consumer credit (debt) figures excluding mortgages have consistently gone up like, forever. Since 1975 up from $20 billion to the present level of almost $520 billion as reported by the Bank of Canada in March 2014. Or, if you want something a bit more current, the outstanding consumer debt rose from $509 billion in January 2013 to the $520 billion level today. Statistically, this seems to contradict what Equifax has reported and agree with the other experts.

March 31, 2014

BY Margaret H Johnson

I’ve been waiting a long time for someone from the media to agree with my observations regarding a struggling middle class as opposed to some rosy picture that only a handful of bad money managers are having trouble.

Remember, if you are experiencing financial difficulties do not wait. Call Solutions Credit Counselling at 1(877)588-9491 or fill out our Debt Consolidation Questionnaire and get your Free Credit Counselling Advice today.

For more information visit Debt Canada - your Canadian credit education centre.

If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business financeMoney management advice you can count on!


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