Category: Loans

For many people, buying a new car can be the start of an adventure. However, most people who are just starting out can’t afford to buy a new car without an auto loan. A little planning is all it takes to find an affordable auto loan that meets your needs. With these tips, you’ll walk away with your ...

Leasing a car may seem like something only rich people do, but it’s often the most financially responsible choice you can make.  Although buying a car will save you money in the long run, leasing can be a good option for people who live in big cities or need more flexibility.  We’ll go over some ...

Short answer: Yes!  A hobby is a joy, a way to express our individuality, a time spent in our own happy world, and they’re pretty much the cheapest antidepressant we can’t find in the market!  In this digital era we’re living in, a hobby is no longer a leisure time we steal away from our ...

Shopping online has replaced the need to go into a physical store and buy something. No longer do you have to get off the couch, wait in traffic, and stand in line to buy that TV you’ve been eyeing.  With just a click of a button you can have it sent directly to your front door. Online ...

Finding the best student loans can be an intimidating task, especially if you’re attending undergraduate school for the first time! Most kids don’t even know what they’re going to major in, let alone how they’re going to stagger their student loan payments.  But student loans aren’t as complicated as they may look. Once you’ve got the ...

Your credit score is an important part of your financial profile. Understanding how credit scores work, why they’re important, and what you can do to improve yours is essential to your overall financial well-being.  A credit score is a number ranging from 300 to 900 that represents how likely you are to pay your bills ...

Just like saving for retirement, when it comes to teaching your kids about finances, the earlier you start the better. A recent study from the University of Cambridge found that kids form their money habits by as early as 7 years old! And at that age, the number one way they are observing money transactions ...

“Always save for a rainy day.” There’s no doubt that we’ve all heard that one before, but how many of us actually followed through? Thanks to the coronavirus, our rainy day has come.  The Canadian economy is slowly falling and it is beyond our control. Don’t look back at what you could have saved, instead ...

Does the question to rent or to buy ever cross your mind? Well, there is no real right or wrong answer since it truly depends on your financial situation, your long-term goals, and your preferences. Renting or buying property is a serious life decision— one that needs to be analyzed carefully, but there are some ...

Do you ever think about investing, but you don’t know where to start? You are definitely not alone! There are several factors to consider when investing. But before diving in, consider this: the finance sector depends on your personal financial situation and your personality. Unless you are filled with debts, you should start investing. So ...

Ready to buy a new phone or computer? Not the biggest fan of the price tag that comes with it? Here are 5 ways you can get your new tech, and not break the bank in the process. New Phone: Dying for a new phone? Don’t just sign a new phone plan contract! Often phone ...

So you love to travel, but don’t have a lot to spend? Join the club. Luckily there are many ways to travel cheaply. Here are a few ways to travel on a budget. Choose a country with more bang for your buck: Don’t have a lot of dough? That’s okay! Find a country where your ...

Money management doesn’t come easy for everyone. Unless you are naturally inclined, or working in the field, managing finances can be a tough learning curve. It can often seem overwhelming and though it is an essential life skill, it is often lacking from our education. The good news is that it doesn’t have to be ...

It may not feel like it yet, it may not look like it when you look out your window yet, but spring is just around the corner! Along with nicer temperatures, increased sunlight and happier people, spring cleaning joins the party. Spring cleaning allows you to have a fresh start, with order and cleanliness in ...

Has this ever happened to you: Income tax time arrives; you file your taxes only to realize you owe a ton of money!!! As much as we know that income taxes are a reality that come around every single year, we often put it off on the back of our minds only to be shocked ...

Promotions, rebates, flash sales and special offers are common. The stores market their products in such a way that appeals to us. They make us feel like we either want it, need it, deserve it, or in some cases, they present it as an offer that we just can’t refuse. Whatever the reason may be, ...

Debt can sometimes be overwhelming, and we might be tempted to be discouraged. It can be a daunting thought to decide to address the issue head on. Though it might be (probably will be) a very difficult task, once you decide to get out of debt, you will need to commit to a plan. Here ...

Sometimes, life can end up catching up with you and before you know it, you’ve racked up a ton of debt. It might seem like a Herculean feat to get out from under debt, but it is possible. Like most things in life, it won’t be easy, but it is possible to pay off your ...

Having children brings many additional expenses of expected and unexpected sources. From the extra spending on activities, food, school supplies, clothes and regular day-to-day spending, to unexpected needs like braces or special care, it is undeniable that children generate expenses. You happily spend on your children because you want to invest in them and care ...

Have you heard of tax-free savings accounts? You might not have. If you did know about tax-free savings accounts, do you really know what it is? If you are like most, you don’t truly comprehend what this is. That is why we are going to break it down for you and discuss how it can ...

For some, camping involves pitching a tent by a lake. Others hit the road in the family motorhome, in search of inspiring vistas or perfect swimming holes. Whether you pack light or want the equivalent of a house on wheels, there are many things to consider.  What sort of food will you take? If you’ll ...

Despite what pop culture may suggest, it is entirely possible to be your “best self” when it comes to your health. You don’t need fancy runners or a personal gym. Nor do you need to spend half of your last paycheque on the latest “super-food” craze. With a few basic changes to your lifestyle, you ...

For many, the arrival of summer brings the opportunity to attend or host a variety of social events. Whether it’s an informal gathering or a highly-anticipated milestone event, there are many aspects to event planning. What food will you serve? What will you hand out as party favours? Will you need to find live performers? ...

You don’t have to consider yourself a die-hard tree-hugger to do your part for the health of our planet. Despite what the latest marketing gimmick may have you believe, you really can go eco-friendly on the cheap. Leading an environmentally responsible lifestyle doesn’t require replacing your entire wardrobe or completely overhauling your eating habits. Keep ...

Are you looking for ways to give your garden a fresh look without drying up your savings account? There are plenty of ways to add some colour and style to your yard without mowing over your budget and staying economical. With summer in full swing, here are a few budget-friendly tips for making your green ...

From iPhones to tablets, from laptops to chargers, technology has become a ubiquitous component of our daily lives. Whether it’s your car’s GPS unit or your top-of-the-line headphones, our lives are becoming increasingly IT-dependent. However, our never-ending desire to be plugged in means we often tune out when it comes to saving on technology. Are ...

Picture yourself on a warm, sandy beach. Waves are calmly lapping the seashore and you’re basking under the sun. Does this sound like your retirement paradise? Once nearly guaranteed, a comfortable retirement has now started slipping out of the reach of many aspiring retirees. Keep reading for a few things to consider that will help ...

How do I know the real value of a car ? How can I tell if a car is in decent shape ? What should I look for during a test drive ? If you have ever considered buying a used vehicle, you have probably pondered all these questions and more. There are a seemingly ...

While some of your bills may be unavoidably high, electricity is one expense you do have some control over. With its ubiquitous role in our daily lives, it is easy to take this utility for granted. You may even forget that you pay according to your usage. Sure, we all have to shower, cook dinner ...

Are you one of the many millennials on the hunt for your first house? Don’t wait until you have found your dream home to find out about mortgages or down payments. Put your best foot forward by getting money matters settled well before you start searching for a house.    It’s never too early to ...

Do you regularly rack up charges from exceeding your maximum monthly data allowance or number of minutes? Tired of accumulating long-distance charges to make international calls? Looking for a new phone or plan? Keep the following in mind to avoid paying for excessive charges or useless extras.   Live together, save together If you have ...

Nothing says “welcome to adulthood” quite like getting your first credit card bill. Having a credit card gives you the chance to build a solid credit history. However, it also comes with the risk of ending up in the red. Whether you’re a first-time credit card shopper or an experienced cardholder, there are a few ...

We’ve all had wardrobe purchases that, sooner or later, we’ve lived to regret. Designer shoes we splurged on, hoping they would be more comfortable after getting worn in. A patterned scarf you couldn’t walk away from, even though it doesn’t match anything else you own. Or maybe it was a party dress that no longer ...

How to pay for your child’s education is an issue that undoubtedly crosses most parents’ minds as their children grow up. Although it may seem like a far-off event, before you know it, your kid will be graduating high school. This important milestone often involves considerable financial stress as your kid prepares to leave the ...

Does your idea of investing consist of putting spare change in a piggy bank? If so, then you might want to consider the following tips to help you get the most out of your finances and learn about investment. Assess your financial situation and your goals Your investment goals will depend on factors like your ...

There’s no question that owning a home is a major responsibility that comes with significant challenges and expenses. Do you have a mortgage on your home that you’re still paying off? You may be able to take advantage of your home equity to maximize your financial gain from your assets. Your equity can be used ...

Like any insurance policy, life insurance and other similar types of insurance depend on many variables. These may include your age, gender and medical history. Therefore, it pays to shop around and factor in your personal situation. This will help you figure out which type of insurance you need and which policy best fits your ...

With summer just weeks away, you’re probably already thinking about where to spend your precious free time. Not sure which corner of the globe you want to visit for your summer vacation? Regardless, you’ll want to get the most out of every hard-earned dollar. Thankfully, we’ve done the work for you of selecting a few ...

Renovating your home does involve some up-front expenses. However, you can easily recoup your costs through the resulting added value if you decide to sell. Here are a few starting points to inspire your next home renovation project. Upgrade appliances Household appliances like refrigerators and dishwashers are at the source of up to 14% of ...

As Canada’s largest city, there is undoubtedly no lack of things to do in this bustling metropolis during the month of May. A smorgasbord of Canadian culture, shopping, live performances, cuisine and more, it’s easy to empty your pockets fast in Toronto. However, try seeking out alternatives to the typical tourist attractions and sights. This ...

If you’re a nature enthusiast, Victoria is your ideal destination. A seaside paradise, Victoria has been nicknamed “The Garden City”. There are many opportunities to take in its abundance of urban greenery and to explore everything else it has to offer! Victoria’s Scenic Marine Drive Hit the road! If you’re into road trips, this is ...

When thinking of ways to save, downsizing your home or buying a used car instead of a new one may come to mind. These bigger-ticket items will undoubtedly help you keep your expenses in check and are likely sensible choices to make. However, there are also plenty of small, daily expenses that you can minimize ...

As the nation’s capital, Ottawa plays host to a number of important federal institutions and officials. However, as a visitor, you can still enjoy the best of this city without spending a pretty penny. Explore the capital buildings It goes without saying, a visit to Ottawa is not complete without taking in Parliament Hill. Take ...

The hub of the Maritimes, Halifax is small enough to almost forget you’re actually in a city. Nonetheless, it’s big enough to offer something for everyone seeking to discover this seaside jewel. Equal parts hip and cozy, you’re bound to find plenty to discover, no matter your interests or your budget. Head to the harbour ...

Looking for some quick money, but not ready to volunteer to work overtime at your day job? At one point or another, there’s a good chance you might need to look for some alternative sources of income. If you find yourself in a financial tight spot, consider some of the ideas below. Depending on what ...

Even if you live on a strict budget and do what you can to reduce expenses, extenuating circumstances may make it necessary for you to seek out financing to make it to your next payday without getting behind on bill payments or other immediate expenses. Do you have mounting medical bills due to a recent ...

Don’t let the excuse “I’m on a budget” prevent you from having fun. With a little creativity and some planning ahead, you can still enjoy many leisure activities without busting your budget. Keep reading for some suggestions from Eastern Loans on how to have fun while staying frugal. Go in a group, split the budget ...

We’ve all heard the saying that “it’s not about the money.” Everyone wants to enjoy their day-to-day life without having to track every cent in their bank account. However, if your wallet is weighing heavily on your mind, you’ll need to assess your financial situation and learn how to manage your money. This may involve ...

Eating healthy does not mean that you have to blow your budget, spend hours scouring grocery shelves for the perfect ingredient, or invest all of your free time (which, let’s be honest, everyone seems to have increasingly less of these days) in meal prep. Keeping the following tips in mind will allow you to enjoy ...

Do you have any idea how much fees you pay each year to your bank? Most people do not pay attention to these fees and at the end of the year, the total amount is certainly higher than what people expected to pay. In Canada, the total amount of banking fees paid by an average ...

Are you currently in a precarious financial situation? Navigating through all the different loans offered by many financial institutions or private lenders can be confusing. It can feel stressful and hopeless. Do not panic! There is a type of loan for every situation and the most common possibilities are listed and explained below.   There ...

Are you flat broke and swimming in a sea of debt?  Is it difficult for you to pay off your bills on time? If one of these situations apply to you, you are probably stressed out by your financial instability. But do not panic! Debt counselling can help you regain your monetary security. The financial ...

Sometimes the unexpected events of life put you in a little sensitive financial situation. For example, you need to do purchases related to the repair of the car or to hospital expenses. Or maybe, sometimes you simply need an extra money to do some home renovations but you are left with no alternative but to ...

If you intend to buy a house recently, you already know that shopping for a new home in a red-hot market is not an easy task. Properties located in much-appreciated neighborhoods are so valued and in great demand that buyers are often forced to buy hastily without even considering housing inspections or financing clauses.   ...

Nowadays, students’ financial situation is an important issue wherever the university they are studying in. Many of them are dealing with colossal student debts that prevent them from fully enjoying their student life the way they should.   Well, if you are a student and you owe a huge sum, it’s your lucky day! This ...

“Pass Go and collect $200”. If only life was as easy as Monopoly… You may be planning to renovate your house or looking for funds for your next vacation. Either way, personal loans can help you achieve your financial goals. However, you need to be on the look-out for some key elements.     WHAT ...

Even if we often hear about home equity loan, the concept can be quite vague. Some people even make confusion between home equity loan and home equity line of credit, which are two totally different things whether it is by their terms or the rates applied to each of them. Let’s go back to the ...

Either you are an enthusiastic traveler or you are traveling for the first time, trips can cost a lot and cannot be a rushed decision. The final amount may vary according to your destinations but your expenses are considerable and should not be ignored. Here are a few tips which can help you save money ...

Your credit score is vital for your healthy financial future. It will determine your eligibility for loans and mortgage. Sadly, the credit score is still mysterious and unknown to many. Some even discover they have a bad credit. It is important to understand all its ramifications if you ever want to improve it or to ...

When in need of money, the right solution can be hard to find. While there are plenty of possibilities out there, you should always educate yourself about all of the options presented to you before making a choice. Instalment loans are usually one of the best solutions when money is needed quickly, and here are ...

We all wear different clothes in different styles, from different shops and in different sizes. Buying good quality and great-looking style may be really pricy if you don’t know how to look for deals and how to shop. Choosing clothes and styles will be super easy for you if you follow these tips to save ...

Through out the years the holidays have become pricier every year. From the lights we hang outside our houses, to the copious eve’s diner we savour and the numerous gifts we buy for our family and friends, the bills pile up very fast. While it is pretty hard to avoid that debt from happening, there ...

Yes, saving energy can save you a great deal of money. In fact, there are some small and easy changes that you can make to your everyday routine that will help the planet and your wallet at the same time.     Use Your Thermostat You can invest in a programmable thermostat that will allow ...

Improving your credit score can seem to be an extremely hazardous task. However, there are, as a matter of fact, some very easy ways to build a good credit.  The seven following tips are simple yet very effective to building a good credit for yourself. Pay your bills on time It seems basic but paying ...

Grocery shopping can be extremely expensive if you don’t come up with strategies before going to the store. Here are nine helpful tips that will make you save money when shopping for food. Make one trip Instead of going multiple times in the week, it is better to make one single trip to the store. ...

Every year, the fastest growing businesses in Canada are recognized and listed basing on the accumulation of profits and growth of revenue with a period of 5 years. PROFIT 500 program recognizes their achievements and high contribution to Canada’s economy. Below are the highlights of top 5 fastest growing companies in Canada as by the ...

Thousands of bankruptcies are filed out by Canadians every week. But what if there was a way to deal with your debt without the dreadful consequences of going bankrupted? Consumer Proposal can be a great alternative to resolve your debt problems with creditors as the process of filling one out is usually very easy and ...

If you’re looking to turn your house into a home, decorating plays a major role. Home decor helps reflect your personal sense of style. It also sets a certain tone and ambiance to a dwelling. Sure, most people would love to have a home that’s decorated perfectly with an unlimited budget. However, in order to ...

Trying to balance work, school, home, and your social life can be quite difficult, especially when you are trying to save money. Don’t let procrastination have an impact on your wallet. Through stashing cash and cutting expenses, you can begin saving. Let’s look at five easy things you can do to save money. 1. Follow ...

When it comes to money, being prepared is crucial. Employing apps on the computer, such as Quickbooks and Excel to control your finances, is a tremendous start. However, what about when you need something on the go? Take advantage of the smartphone you use daily and turn it into a powerhouse for your finances. Applications ...

There is never a reason to be bored in Ontario, Canada. Don’t have money? No problem! Everyone, from those who love the outdoors, to those who enjoy a good show, is welcomed with open arms. Starting with beer enthusiasts, visitors to Toronto can head over to the famed Distillery District and get one of thirteen ...

Many people believe that taking a vacation will inevitably break the bank and cost them thousands of dollars. However, by doing some extra planning and cutting corners when possible, you can have a great trip for a low cost. Here are four tips for traveling on a tight budget: Travel at the right time. Timing ...

Whether you are ready to trade in your older car for a shiny new model or you just got a new job and need to purchase a reliable set of wheels to go along with it, the ins and outs of buying a brand new car can be confusing. By doing your research ahead of ...

A bad credit history or low credit score may be a hindrance to accessing loans. It is a nightmare during emergencies when you need access to a credit facility. However, there are numerous organizations that may make it easy for you to access a loan with a bad rating as they believe that your rating ...

Most people have found themselves in a financial bind at some point. Whether it’s a vehicle that has broken down, a medical emergency, or an unexpectedly meager paycheck — expenses still have to be paid. If you’ve found yourself short of cash, then you may have already researched payday loans online. There are so many options ...

Debt is a scary thing that seems to feed itself and grow larger. To get out of debt or to climb to a higher plateau of financial safety, a person needs a little bit of money to repair her car so she can pick up her kids and make it to work on time, or ...