How do I recover after spending so much during summer?
It never ends and during summer it is even worse than usual. Spending! before you know it school, for those of us with kids, comes knocking and it won’t be cheap. So what to do? If you were smart you worked out a budget for the summer and stuck to it. I am not in that category. So I spent when I felt I should and now the chickens have come home to roost.
Most people are in the same boat.
Most of the people I know are doing the same things. As the old adage proclaims: there is nothing new under the sun. So my neighbours and I both did work on our homes, my family and I did more outings than we thought we would and there just seemed to be so many great concerts this summer. Now the solution for me might not be the same for you but I have to at least tell you how my home became a life boat for me and how the equity in my home is being used to not only build wealth but to also provide me with a more exciting lifestyle. Why not? Even after the interest rate hike by the Bank of Canada this summer; hime prices have not dropped.
No credit card debt for me please!
Whether you have good credit or bad credit, the key is avoiding lingering credit card debt. Going into the new school year with a low balance on your cards is what will make certain you have a great Christmas. Not to mention, dear I say, prep for the winter. This will include winter tires, vacations to somewhere hot, Thanksgiving, Halloween, my birthday and Christmas! If you need to consolidate and take some pressure off by eliminating the high interest debts – then APPLY for a second mortgage with us. The fact of the matter is that house prices are high and the cost to borrow money is still low; so get rid of credit card debt!
