Blog - Faber

Debt Management Strategies: Find the Best Strategy for You

According to recent studies, the average Canadian consumer debt ranks in at $25,172 as of Q4 of 2021 (Gilson, CBC News). Having debt is becoming...

How Much Debt is Too Much Debt and When It’s Time to Find Help

Recent studies have shown that 2/3 of Canadian households hold some form of debt (Dojchinovska, Reviewlution). Are you included in this statistic? If so, now...

How to Deal with Creditors

When you hear the term creditor, what comes to mind? Debt, pesky and pushy are common synonyms that Canadians associate with creditors. However, learning the...

Your Guide to Different Credit Cards

Credit cards are a popular payment option with the average Canadian having at least two active credit cards (Pandurov, Reviewlution). There are hundreds of credit...

Money-Saving Tips to Help You Start Your Nest Egg

According to recent studies, the average Canadian retirement age is just under 65 years old (Jeudy, Statista). Are you nearing this age? If so, do...

Pitfalls of High-Cost Consolidation Loans (+ Alternatives)

Effectively managing your debt gives way to different strategies that need to be considered. One such strategy is consolidating multiple different loans down to one...

10 Tips to Create a Realistic Budget and Stick to It

With a mild recession projected for 2023, now is the time to take control of your financial health. Income growth is never inflation-proof. It may...

Declaring Business Bankruptcy in Alberta? Here’s How to Close Your Business

If your business has become overwhelmed with debt, company bankruptcy might be a course of action you want to take. When closing your business and...

3 Strategies to Reduce Your Debt

If you’re focused on minimizing or eliminating how much you owe, you may be wondering which debt to pay off first. Should credit cards be...

Consumer Proposals vs. Debt Consolidation: What’s Right for Me?

If you’re dealing with unmanageable debt and are looking to reduce it, you might consider consolidating your debt or filing a consumer proposal. These two...