For those who have experienced credit card debt know it is a stressful situation – but experts say it also comes with many lessons.
“We regretted it because we were in debt there for a while after racking up our credit cards,” a Sault native told CTV News.
“We went over to Credit Counseling and we used their services and paid off our debt.”
Another Sault resident said it didn’t him long to find himself “in the hole.”
“I got my first credit card, eligible up to 2,500. I maxed that out in probably three months.”
The 23-year-old is in the process of paying off that debt and said he has received some good advice since then.
“They told me whatever you spend on your credit card to just immediately pay it back with your cash or your debit,” he said.
Grisé said with the right habit changes and a plan from someone like himself, some can eliminate their debt in as little as nine months.
Though swiping or tapping a credit card may be easiest when shopping, he said it is not how financial experts recommend you do it.
“They can do more harm than good,” Grisé said.
“And if you want a little bit of education, if you use credit or debit, you’re going to spend 13 per cent more than if you use cash.”
Debt experts said that while everyone’s financial situation varies – if a person owes more than $5,000 or has been trying unsuccessfully to get out of debt for more than two years they may want to seek help and talk to an expert.
Donald Trump said Thursday that he has been indicted on charges of mishandling classified documents at his Florida estate, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former U.S. president as he seeks to reclaim the White House.
The Supreme Court of Canada will not hear the appeal of an Alberta woman who was unwilling to be vaccinated in order to get a life-saving organ transplant.
What happens to the brain when you take gravity away? According to a new study looking at astronauts both before and after space travel, that experience causes physical changes that researchers believe requires at least three years between longer missions to recover from.
As wildfires rage across Canada in what’s being called an unprecedented season, one expert says there’s more that individuals and communities can do to adapt and prevent forest fires from causing widespread devastation.
Rescuers in Washington state are praising the resourcefulness of a 10-year-old girl who survived on her own for more than 24 hours in the rugged terrain of the Cascade mountains after getting lost while out with her family.
Air pollution from wildfires remained well above healthy levels across much of southern and northern Ontario and several communities in British Columbia and Alberta on Thursday.
The grief-stricken parents of a young teen killed in his driveway in Barrie in 2021 delivered haunting victim impact statements in court Thursday, recalling the day their "world was destroyed."
A long stretch without rain combined with high temperatures and dry ground conditions has many municipalities across Simcoe County with an extreme fire danger rating and burn ban.
The shifting winds late Thursday morning are predicted to push high levels of air pollution over the City of Barrie and surrounding areas from smoke emanating from wildfires in Quebec and northeastern Ontario.
Video has surfaced showing a Mississauga, Ont. transit bus plowing into stopped traffic in a crash that left one person dead and at least eight injured on Thursday morning.
As interest rates continue to rise, the cost of buying a house in Ottawa and across Canada is becoming more expensive. Many homeowners are now forced to extend their mortgage payments.
An 18-year-old woman riding a bike was taken to an out-of-region hospital with what police call “possible serious injuries” after a crash involving a sedan in Kitchener.
Waterloo region and Wellington County remain under a special air quality statement for the fourth straight day Thursday with pollution levels expected to worsen into the evening before potential rainfall and shifting winds could bring some reprieve.
Donald Trump said Thursday that he has been indicted on charges of mishandling classified documents at his Florida estate, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former U.S. president as he seeks to reclaim the White House.
The debate over firework displays is returning to city hall with two options for updating the fireworks by-law. A staff report recommends holding a public participation meeting later this summer to receive feedback on tightening backyard firework rules — or instituting an outright ban.
Donald Trump said Thursday that he has been indicted on charges of mishandling classified documents at his Florida estate, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former U.S. president as he seeks to reclaim the White House.
Quebec's precarious wildfire situation is expected to remain stable over the next 48 hours but residents displaced by the raging forest fires likely won't be able to return home until early next week, Premier Francois Legault said Thursday.
An Ontario man charged Wednesday with first-degree murder in the death of Claudia Iacono, the daughter-in-law of the late Montreal Mafia associate Moreno Gallo, was arrested the day after the killing in Ontario on unrelated drug charges, public records show.
Former Montreal mayor Denis Coderre, who spent his life in politics, collapsed and suffered a stroke on April 11, and even as he's slowly recovering, the fighter's instinct, that he's known for, is very much alive.
New Brunswick students under the age of 16 who identify as trans and non-binary won't be able to officially change their names or pronouns in school without parental consent.
The Halifax Regional Municipality says it will announce Thursday when more residents can return to their homes in communities impacted by the Tantallon wildfires.
Donald Trump said Thursday that he has been indicted on charges of mishandling classified documents at his Florida estate, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former U.S. president as he seeks to reclaim the White House.
The Supreme Court of Canada will not hear the appeal of an Alberta woman who was unwilling to be vaccinated in order to get a life-saving organ transplant.
Donald Trump said Thursday that he has been indicted on charges of mishandling classified documents at his Florida estate, igniting a federal prosecution that is arguably the most perilous of multiple legal threats against the former U.S. president as he seeks to reclaim the White House.
Premier Danielle Smith says the government is bringing in arson investigators from outside the province to trace the cause of some wildfires during an unprecedented season in Alberta.
Tumbler Ridge, a community with a population of 2,400 in northeastern B.C., has been ordered to evacuate Thursday due to the danger posed by an encroaching wildfire.
More than 70 guests have RSVP'd for a Squamish couple's beach wedding in Tofino, but the wildfire-related closure of Highway 4 has upended their plans.
