Credit Canada

There's been a fair bit of propaganda lately about it being acceptable to carry debt into retirement, including home mortgages. I don't recommend this myself, but let's take this thinking further. Does it ever make sense for retirees to go bankrupt?

It's that time of year again. Kids are getting back to the books, and if you're a smart parent, you will take steps to keep your own books in balance by looking for ways to save while shopping. You get high marks for it in a tough economy.

A new gateway to financial literacy for Canadians has been opened thanks to a joint agreement between the CAAMP Foundation, the charitable arm of Canada's national mortgage industry association and Credit Canada, a prominent player in credit education.

As I noted yesterday, the fact a poll found three quarters of investors don't consider the tax consequences of their investment actions suggests we have a long way to go in promoting financial literacy in this country. Yesterday morning, I sat in on the first Toronto session of the federal Task Force on Financial Literacy, contributing my own two cents worth along with other journalists, credit counsellors, financial educators and a fascinating cross section of fellow Canadians.

Paul knew from day one he'd marry Eileen, a chatty and determined young woman. She says Paul is definitely her Prince Charming.

They soon had three children, but lost control of their finances. Eileen had trouble finding a new job for months after quitting another