Inspirational Debt Management Stories, Personal Budgeting Tips & More
You can often find the Credit Counselling Society in the news across Canada. Here are a few recent stories:
by Global News - Calgary
Global News takes a look at some of the top stories of the year. From reaching out to victims of the Fort McMurray wildfire to helping Calgarians faced with unemployment, foreclosure, or other financial challenges, 2016 has been a super busy year for the Credit Counselling Society in Alberta. Global discusses these issues with the Credit Counselling Society's Calgary Credit Counsellor, Mark Kalinowski. Throughout the interview, Mark offers a number of great insights but ends with this wise advice, "Everyone needs help sometimes. Don't be the last person to ask for it." See the interview
by Global News - Regina
Global News speaks with the Credit Counselling Society's Credit Counsellor, Tanis Ell, in Regina about how people can get out of debt in the new year. See the story
by Breakfast Television - City TV
How much of your budget should you spend on food, how much should you save, and what percentage should you use to pay your debt? City TV looks at a real life household budget with Scott Hannah from the Credit Counselling Society to see how to overhaul it. In the conversation, Scott shows some Budgeting Guidelines anyone can use to compare their budget to in order to get an idea of how they are doing. He also mentions that the Credit Counselling Society has a free Budget Calculator that includes the guidelines. It will calculate everything for you and show you how your budget compares to the guidelines and even make recommendations on how you can improve your budget. Watch the segment to learn more
by Global News
The Christmas holiday season can be a time when people get caught up in the euphoria and end up blowing their budgets. Global News turns to the Credit Counselling Society's President, Scott Hannah, for financial recommendations on how people should approach the season of giving — and spending. Click here to watch the segment or read Scott's 5 tips
By the Toronto Star
Statistic Canada reports the amount of debt Canadians owe compared to their incomes has reached a new record high. On average, Canadians now owe $1.65 in debt for every $1 of after tax income they earn. According to Scott Hannah, President of the Credit Counselling Society, "this puts Canadian consumers in a precarious situation." Read more in the Toronto Star article
by Global News
Global News reports there is "a growing chorus of people say financial literacy may be the most important subject taught in high school and that B.C. students are falling woefully behind." Global's Justin McElroy turns to the Credit Counselling Society's President, Scott Hannah, to see what his organization is seeing. Read the story or watch the video clip
by CBC News Calgary
According to the Canadian Payroll Association's annual survey of 3,600 workers across Canada, 48% say it would be difficult to meet their financial obligations if their paycheque was delayed by just one week.While the finances of average Canadians nationally aren't healthy, in Alberta it's worse.
Mark Kalinowski, one of the Credit Counselling Society's Credit Counsellors in Calgary, reports he's seeing people struggling in all income brackets. If he could give just one piece of advice to people, it would be "that they start emergency savings accounts."
by Global News
Global News asks Scott Hannah, President & CEO of the Credit Counselling Society, how Canadians can weather the down turn in the economy or any financial emergency for that matter. See Scott's tips
by The Regina Leader-Post
Putting her head in her hands, she slumped in her chair at work and sobbed as she planned how to kill herself.
“I’ve always struggled with money,” says the Regina woman, whose name has been changed to protect her identity. “I love to spend it and I’m very good at it ... I’ve struggled with finances even back to when I first left home. I’ve had trouble saving and had lots of credit cards.
“I’ve got myself into more trouble than I can even begin to remember.”
Compulsive debtors like Diana take shopping to an extreme.
“Lots of times, they will have clothes in their closet that they’ve never worn and the tags are still on,” Diana says. “But it’s just that compulsion to spend money.”
She’s lost count of the loans she’s taken out to pay off credit cards.
by CBC News Calgary
An new report calls for enhanced protection for consumers from debt collectors and greater guidance for debt collection agencies. CBC News Calgary speaks with one of the Credit Counselling Society's Credit Counsellors in Calgary, Nadia Graham, to learn what she hearing from consumers. See the story
by CTV News Winnipeg
CTV's Karen Rocznik looks into what people are doing to survive tough economic circumstances and what the rest of us can learn from this to improve our finances and prepare them for uncertain times. Karen turns to to Sandra Fry, a Credit Counsellor with the Credit Counselling Society, for some insights and advice. See the news segment