The Millennial Optimist

  Guest Post - 11 Money & Life Fundamentals Every Teenager Must Learn! Growing up you may face numerous challenges as a teenager, and you may also learn quite a few things along the way! I get that there’s already enough on your plate, right from trying to balance a social life with education, to accepting responsibilities and at the same time, also trying to figure out yourself and what you want from life. It gets hectic and money is probably the last thing you are thinking or even talking about. But as much as we hate it or do not want to accept it, money plays a very crucial role in our lives and yet we choose to ignore this important subject. But keep in mind, this subject will never ignore you. At some point in your life, it will surely come looking for you and catch you off guard. And at that point in your life, money will control you if you haven’t learned to control it and I’m sure you don’t want that to happen! As a personal finance advocate, I always tell peop...

  Canadians on the Brink of Financial Insolvency and Canada’s Extension of Financial Aid As the first quarter of 2021 has come and gone, there have been media reports describing an alarming new statistic that has recently been in the spotlight: the number of Canadians who are now on the brink of financial insolvency due to the pandemic is at a new five-year high. With more than half of Canadians being $200 or less from not being able to meet their monthly financial obligations, Canadians are being put in tough financial situations right before the summer months. Although many Canadians have benefitted from pandemic-related financial support (from both the government and their employer in some cases), these deferral programs and assistances have begun slowing down and even ceasing completely as the pandemic still runs rampant. As these economic disruptions drastically affect household incomes, over 30% of Canadians say that they have already reached a point of insolvency and wo...