Finding Stability in Retirement: A Turn-Around Story

Money management. Budgeting. Debt. These concepts weren’t covered for most of us in grade school.  Instead, we were left to learn about them the hard way.  We took out a loan, got a mortgage, and overspent on our credit cards without much concern.  Then all of a sudden, we were left wondering… How do I owe this much money?  Is …

man taking a phone call from a debt collector

Debt Collectors Are Back, With Bite.

Debt collectors were told to take it easy during the pandemic. Most collectors left people alone (but not all, mind you). Banks across the country were advised to lighten the financial load on Canadians with suspended mortgage payments, loans, and credit card deferrals. In Canada, more than 771,000 mortgage deferrals were approved in 2020 alone. Now the collectors are back …

What You Need to Know About Wage Garnishment

Soaring gas prices, staggering grocery bills, sky-high interest rates…these topics are front and centre in our daily news. According to Statistics Canada, the annual inflation rate hit 7.7% in May, the highest it’s been in almost forty years. There’s no doubt that Albertans are struggling to make the metaphorical ends meet. Families with children are even more concerned. But more …

recover from debt

Rising Debt Amongst Gen-Z, Millennials

For the first time in Canadian history, debt held by the millennial generation has surpassed the value of debt held by baby boomers. In the past year, millennial debt has increased 12.3% to a total of $515.9 billion, according to an article from The Huffington Post . The increase in debt, however, is not being initiated by the typical borrowing …

post graduate budget

Finances For New Grads

If you are amongst the many individuals who have recently graduated from a post-secondary institution, we congratulate you! After successfully landing that first job, your next steps are to consider your financial health and your goals for the future. Developing a Financial Plan Spending money will be a significant portion of your financial plan, and the development of a financial …

consumer credit proposal

Bankruptcy in Alberta

Consumer, Business Bankruptcy Rates Rise in 2019Craig Fryzuk, President of The Fryzuk Group, was invited to sit down with CBC Calgary’s Jenny Howe to discuss the rise in bankruptcies and Alberta consumer proposals for 2019. In the summative article written by Sarah Rieger, Craig Discusses the root causes of Albertan’s debt, and the similar trends in what his clients are …