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Why bother budgeting?

Why bother budgeting?

We all know that paying off debt can be a slog, particularly when the debt involved is a large sum or has a large interest rate. These are the kind of debts that a person making the minimum payments will have a hard time ever conquering. Making this minimum payment will keep the creditors off your back, but it’s not going to get you moving ahead either. This is why we want to budget, so we can tackle our debts and keep moving forward.

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Income Tax – How does it work in a Personal Bankruptcy?

Income Tax – How does it work in a Personal Bankruptcy?

We all have to do our taxes. It’s something we do every year, and some of us enjoy this experience more than others. How does income tax work in a bankruptcy though? If you file an assignment into bankruptcy, you will notice there is a slightly different way that taxes must be filed than you would usually.

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Happy Halloween from FreshStartBC!

Happy Halloween from FreshStartBC!

Happy Halloween from all of us at Doug Lee & Associates (FreshStartBC)! Our decorations may be spooky, but your financial picture should not be. If you are struggling financially, and looking for a fresh start, come see us for a free consultation. A simple 45...

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Surplus Income – What is it and how is it calculated?

Surplus Income – What is it and how is it calculated?

When you make an assignment into bankruptcy, you are required to make a surplus income payment. This is a contribution to your estate each month based on your monthly net take home income. Somewhat of a confusing term, as surplus income is based on your net take home pay on a monthly basis and not based on what available funds you may have left after you pay your monthly bills.

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The new FreshStart BC website is live!

The new FreshStart BC website is live!

We are very excited around the FreshStartBC office today because our new website is online! The old site has done us very well over the years, but it was time for us to update our look.

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How much does your transportation cost each month?

How much does your transportation cost each month?

Today, we have this informative infographic about the monthly costs of transportation in Victoria. We always knew owning a new vehicle is expensive, but the breakdown is a great illustration of just how expensive it is! Continue reading below for any price breakdowns:...

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Student Savings – Take Advantage of your Student Card!

Student Savings – Take Advantage of your Student Card!

Today's post is all about students. In particular, we want students to take advantage of their student card. We're going to show you some of the discounts you are eligible for. Student years can be difficult to budget for, so you might as well take advantage of any...

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4 Tips to Save Money and Have Fun this Summer

4 Tips to Save Money and Have Fun this Summer

As we roll into May, it's easy to start looking forward to summer and thinking of all the fun that lies ahead. Of course, all this fun can cost money, and for some, the thought of spending a bunch of money on summer is stressful. In order to ease your stress, we have...

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