How to get out of debt

Christopher Liew is a CFP®, CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial. If you feel overwhelmed by debt, you’re not alone. With rising interest rates, ballooning living costs and everyday expenses piling up, it can seem like an uphill battle to keep…

What is debt consolidation?

How does debt consolidation work? Say, for example, you have two different credit cards with debts of $3000 and $4000 each, and a personal loan with a debt of $7000. Each of these debts will likely have a different interest rate, repayment amount and due date, making it challenging to stay on top of them…

How to qualify for medical debt forgiveness

If you’re struggling to pay off your medical bills, debt forgiveness could be an option to pursue. Seng Kui Lim/Getty Images Medical debt has become one of the most common and overwhelming forms of debt in the U.S., and for good reason. The rising cost of healthcare has made even the most routine care unaffordable for…

Regulators to update HELP debt guidance for mortgages

The federal Treasurer has announced “commonsense” changes to help more Aussies with student debt acquire their first home. Treasurer Jim Chalmers has announced that financial regulators – the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) – will be updating their lending rules in relation to Australians with HELP debt…

Argentina’s Debt Trap | Maria Haro Sly

With a pin of Javier Milei’s signature chainsaw affixed to her jacket, Managing Director of the International Monetary Fund Kristalina Georgieva threw her support behind Argentina’s new administration in Washington last month. During a press conference at Washington’s Spring Meetings, she urged Argentinians “to stay the course” and back Milei at the upcoming legislative elections…

Earnings Before Interest and Taxes (EBIT): Formula and Example

Company financial statements often contain a mix of accounting adjustments, one-time events, and complex tax situations that could obscure the performance of a business’s core operations. Earnings before interest and taxes (EBIT) can help cut through any confusion by focusing on what truly matters: the profit a company generates from its main business activities. “EBIT…