March 15th, 2010
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What a headline, like this blog had really been active before and died. I have paid very little attention to this blog as other things in my life took my attention away. I’m using this spring, the spring of 2010, as a time of rebirth for this blog.
Cash Challenged is going to be focused on helping Canadians understand how to deal with their debt, how to rebuild their credit, how to live more frugally and to build savings for their future.
I’m a debt & insolvency counsellor registered with the Superintendent’s Office. I’ve been meeting and working with debtors in financial distress for several years and will be bringing that knowledge to this forum to help my visitors learn to take control back in their lives.
In the coming days I’ll be installing a contact form for you to be able to reach me privately and to ask your questions. I’ll do the best I can to let you know what your options are and point you in the direction of finding the help you need.
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July 25th, 2007
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A recent study by the Bank of Montreal claims that Canadians tend to be tightfisted when it comes to tipping. The study seems to indicate that the problem is more a lack of understanding of who to tip and how much than truly being tightfisted with their money.
I generally tip in restaurants and when I get my hair cut but never would think of tipping in other situations. The site, The Original Tipping Page, carries a list of situations and common guidelines on how to determine tips.
While most people realize that people in service industries look for tips, usually because of low wages paid to them by employers who rationalize that the service person can make a real wage by all the tips they get. That should be an incentive for service people to give good service, all too often, it isn’t. Keep in mind that good service earns a tip, extraordinary service earns larger tips. Likewise, incredibly bad service earns either less than the standard or zero.
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April 10th, 2007
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This story in last weekends Toronto Star is a prime example why Canadians need to be wary of giving out personal identification, especially your SIN (Social Insurance Number). Private corporations get away with asking you for your SIN but the fact is that rarely is there a legal requirement for you to give it to them.
The SIN is the Canadian equivalent of the American Social Security Number. This article refers only to the SIN, I don’t know what the law is on the Social Security numbers. Your SIN is not and never was meant to be used as a piece of universal identification. The program was started in 1964 as a client account number for Canada Pension and various employment insurance.
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February 9th, 2007
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T0day, credit has become a necessity of life. Generally speaking, it takes credit to get credit. So, how do you break into the circle?
There are several ways you can obtain your first credit. Many young people will look to their parents or other established adult to co-sign their first credit. DON’T do it! Don’t ask for someone to co-sign for you and if you can co-sign — DON’T do it! I really do say this from experience.
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February 8th, 2007
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AH the power of a credit card! For a lot of people getting their hands on their first credit card can be as much of a power rush as their first car. Like driving a car, you need to take having a credit card very very seriously.
You may enjoy the freedom of having a credit card to use for those times you are caught without money in pocket. Be aware that thieves and fraud artists love the rush of having YOUR credit card to use as they wish.
Credit card fraud is a crime that you wont catch right away, you wont notice it until you check your credit card statment. Number one rule, check that statement as soon as it arrives!
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February 7th, 2007
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If your financial plan lurches from one credit card limit to the next, you may want to consider that your money is managing you. For your own peace of mind, you have to turn the tables and take control.
That control is as much about having credit and the ability to have credit as it is about saving and investing. All things in moderation.
This blog will become a resource about credit, savings and investing. It will show the good, the bad and the ugly so come on along for the ride.
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