Debt-Free Forever by Gail Vaz-Oxlade (best english books to read for beginners txt) 📗
- Author: Gail Vaz-Oxlade
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Page numbers in bold refer to material found in tables and charts.
Page numbers in italics refer to blank worksheets.
A
analysis, spending, 10–20
Spending Analysis Worksheet, 11–17, 21–23, 64, 66
attitudes
towards money, 46, 274–75, 278–79
towards work, 138–39
automobile. See car
B
balance transfers
credit cards, 95, 98–100
line of credit, 95, 100
bankruptcy, 97, 246, 255, 256–67
Bankruptcy and Insolvency Act, 259
co-borrowers/co-signers and, 261
consumer proposals, 258
credit reports and, 122, 267
debts not discharged by, 260
living expenses during, 263
RRSPs and, 262
student loans and, 127, 260, 261
beneficiaries
changing, 227–28
estate, 243, 244
life insurance, 228
RESPs, 242–43
scholarship plan, 204
Budget Worksheet, 60–61, 67, 73, 91–93
budgeting
goal setting and, 86, 159, 163–66, 170, 175, 181, 214, 216, 217, 293, 294
C
Canada Deposit Insurance Corporation (CDIC), 200–201
Canada Education Savings Grant (CESG), 201–203, 243
Canada Learning Bond, 202
Canada Student Loans, 128
car
expenses, 62
insurance, 14, 64, 87, 173–74, 218
payments, 62, 164, 211, 217
career, goal setting, 139, 144, 149, 151
cash advances
credit cards and, 15, 139
cash flow, 32, 82–84, 95, 115, 148, 206, 216, 231, 250
augmenting with credit cards, 20, 66, 103, 250, 273
impact of debt on, 30, 103, 125, 140
variable income and, 79–80
child care costs, 81, 63, 72, 211, 217, 218, 231
children. See kids
collection agencies, 122, 129, 252–55, 283
commitments, 40, 63, 97, 143, 299
credit and, 255–56, 266
investing and, 196–98
budgets and, 2, 9–10, 55, 58, 61, 101, 120, 158, 272–73, 275, 278, 281, 293
compounding return, on RRSPs, 190
consolidation loan, 26, 27, 29, 31, 95, 96, 100–102, 103, 104, 106, 108, 109–10, 128, 131, 250, 256
consumer debt, 25–26, 34, 42, 43, 44, 64, 79, 95, 104, 106, 107, 109, 158, 272, 281
credit cards, 12, 25, 26, 27, 29, 31, 43, 56, 79, 96, 101, 121, 231, 261, 278, 283, 285
lines of credit, 15, 25, 26, 27, 29, 31, 101, 121, 210, 250
repayment of, 26, 44, 105–12, 256, 272, 281, 286, 291, 292, 293
repayment proposal, 120
consumer proposals, 258
core values, 39–43
Core Values List, 39, 41, 42
credit bureaus, 267, 282, 288–89
credit cards, 12, 25, 26, 27, 29, 31, 43, 56, 79, 96, 101, 121, 231, 261, 278, 283, 285
augmenting cash flow with, 20, 66, 103, 250, 273
balance transfers, 95, 98–100
cancelling, 117–19, 118
cash advances, 15, 139
effect on your ability to borrow, 121, 283, 288–89
establishing good credit history and, 117–19, 265–66
insurance on balance, 12, 13
insurance perks, 290
interest rates, lowering, 12–13, 30, 96–98, 105, 174
over-limit fees, 12–13
paying off, 105–12, 272, 281, 286, 291, 293
restricting use of, 47, 53, 54, 55, 130, 153, 158–9, 179–80, 204, 286, 292, 296
secured, 265–66
using to your advantage, 130–31, 289–91
variable expenses and, 72
credit counselling, 255–56, 257, 265
“credit repair,” risks, 287
credit reports, 119–123, 285, 288–89
bankruptcy and, 122, 267
collection agencies and, 112, 129, 283
rating codes, 120–21, 122
credit score, 30, 103, 110, 111, 120, 122–23, 286
factors affecting, 282–85
credit, types of
open, 121
revolving, 100,101,121
See also credit cards; line of credit
credit-reporting agencies. See Equifax Canada; TransUnion Canada
critical illness insurance, 238–41
D
debt
consumer, 25–26, 34, 42, 43, 44, 64, 79, 95, 104, 106, 107, 109, 158, 272, 281
fatigue, 107
repayment of, 15, 23, 26, 32–33, 44, 61, 105–12, 256, 272, 281, 286, 291, 292, 293
overdra, 10, 26, 27–28, 29, 31, 71, 84, 106, 108, 125–27, 163
debt counselling. See credit counselling
debt repayment, 15, 23, 32–33, 61, 64, 65, 93, 107–13, 293
credit cards, 105–12, 272, 281, 286, 291, 293
lines of credit, 79, 231
student loans, 44, 127–30, 293
deposit insurance, 200–201
disability insurance, 212, 234–38
discipline, money management and, 79, 158, 214, 217, 278, 281, 291
E
emergency fund, 2, 15, 38, 45, 123, 158, 166, 176, 209–10, 211, 276, 287
budgeting for, 60, 70, 81, 159, 172, 212–19, 249–50, 275, 294
essential expenses and, 210–12
using, 219–20
employment insurance, 212, 247–48, 249
Equifax Canada, 119, 120
equity investments, 200
essential expenses, 68, 69, 164, 165, 168–69, 210–12, 214, 218, 219
estate planning, 241–44
beneficiaries, 204, 227–28, 242–43, 244
guardianship appointment, 243
lawyers, 244
life insurance and, 228, 231, 232–33, 240
living trusts, 243
powers of attorney, 243
wills, 221, 241, 242–43, 244
expenses
fixed, 72–73, 80
variable, 68, 69, 72–73, 74
F
Fair Isaac & Co. (FICO), 282
fixed expenses, 72–73, 80
G
GICs, 194–95, 197, 199, 200, 231
goal setting, 37–39, 41–42, 47, 48, 54, 58, 80–81, 116, 271–76, 296
achieving goals, 95, 102, 281
budgeting and, 86, 159, 163–166, 170, 175, 181, 214, 216, 217, 293, 294
career and, 139, 144, 149–151
kaizen, 298
kids and, 167
long-term goals, 38, 44–45, 70, 94, 190, 193–98
milestones and, 4, 38, 39, 43–46, 48
prioritizing, 39, 41, 42–43, 49, 50, 182, 292
visual aids and, 51, 53–54, 167–68
guardianship appointment, 243
H
Heart and Stroke Foundation of Canada, 239
Home Buyer’s Plan (HBP), RRSP, 28
home equity, 25, 95, 102–104, 263–65, 285. See also consolidation loan; refinancing
household budget, 80–81, 87, 147, 231
house/home
borrowing for, 121, 267–68
buying, 50–54, 140, 267–68
“house poor,” 61
insurance, 14, 61, 64, 86, 87
maintenance, 160
refinancing, 103–104, 251
I
instalment credit, 100, 101
instalment loans, 27, 120–21
insurance, 154, 204, 217, 221–24, 241
car, 14, 64, 87, 173–74, 218
credit card balance, 12, 13
critical illness, 238–41
deposit, 200–201
disability, 212, 234–38
employment, 212, 247–48, 249
health
house/home, 14, 61, 86, 87
life, 87, 224–34, 242
medical, 218
mortgage, 51, 52, 233
perks on credit cards, 290
pet, 88
self-, 222–23
Integrated Student Loans, 128
interest rates; lowering, credit cards, 12–13, 30, 105
investments, 190, 193–200, 206
GICs, 194–95, 197, 199, 200, 231
life insurance and, 226, 230, 231
long-term, 50
RESPs, 201–204, 205, 242–43
RRSPs, 200, 205, 206
term deposits, 197, 199, 201
J
job loss, 246–252
creditors and, 250
cutting expenses a er, 249–250
employment insurance and, 247–48
finding work a er, 248–49
K
kaizen, 298
kids, 50, 55, 152, 261
and bankruptcy, living expenses during, 263
and budgeting priorities, 136, 139, 150, 158, 171
child care costs, 81, 63, 72, 211, 217, 218, 231
education savings, 15, 37, 176, 287. See also RESPs
expenses, 75, 87–88, 154, 160, 175, 249
goal setting with, 167
guardianship appointment, 243
job loss and, 247
teaching good money habits to, 161–62, 167
L
life insurance, 87, 224–34, 242
beneficiaries, 228
estate planning and, 228, 231, 232–33, 240
investments and, 226, 230, 231
“Life Pie, "e” (chart), 61–64
line of credit, 15, 25, 26, 27, 29, 31, 101, 121, 210, 250
augmenting cash flow with, 66, 103, 273
balance transfers, 95, 100
paying off, 71, 231
restricting use of, 286, 292
using to pay other debts, 54, 273
“living within one’s means,” 5, 112, 277–78, 279, 286–87
loans
consolidation, 26, 27, 29, 31, 95, 96, 100–102, 103, 104, 106, 108, 109–10, 128, 131, 250, 256
instalment, 120–21, 27
pay-advance, 26, 28, 29, 31, 123–25
student, 26, 27, 29, 31, 44, 100, 106, 121, 127–30, 260, 261, 293
long-term goals, 38, 44–45, 70, 94, 190, 193–98
long-term investments, 50
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