Happy New Year! I hope everyone enjoyed their holiday break.
Most of us like to make New Year’s resolutions, and it’s no surprise that Canadians have named paying down debt to be their number one priority this year, according to an annual CIBC survey.
Unfortunately we don’t always stick to our resolutions because this is the third year in a row that our top priority has been to pay down debt.
Many people in Canada and the United States are struggling with debt. That’s why Jeff Rose, from Good Financial Cents, has started a movement that’s dedicated to helping people annihilate debt and become financially free.
The Debt Movement was launched earlier this week with the goal to get thousands of people to commit to a pledge to pay off as much debt as they can between January 1st and April 30th.
There’s a huge network of personal finance bloggers dedicated to the cause and they’ll be sharing stories and tips on how to get out (and stay out) of debt for good.
American participants have a chance to win some cash to put towards their debt. Apply for a debt scholarship and track your progress throughout the challenge. There’s over $15,000 in cash to be won.
We’ve sponsored a $250 scholarship and we’re very excited to be involved with The Debt Movement.
Sign up today and get the tools and resources you need to put a big dent in your debt over the next 90 days.
If you’re already debt-free, stop by the forums and share your best tips for getting out of debt. Pay it forward!
Here are some more great personal finance articles for you to enjoy this weekend:
- Canadian Capitalist lists the asset class returns for 2012
- The Budgeting Tool shows you the ideal household budget for spending
- Wealthy Turtle lists 3 valuable lessons from Restaurant Impossible
- Retire Happy says to review your finances for a new beginning
- My Own Advisor explains why a new year brings new hits to your wallet
- Free From Broke looks at the best careers for the future
- My Wife Quit Her Job explains how long it takes to make money with an online business
- Canadian Finance Blog looks at the declining utility of Christmas
- Financial Uproar starts his 2013 stock picking contest
- Canadian Couch Potato explains what investors can learn from weather forecasts
- The Passive Income Earner looks at the best mortgage calculators
- Rewards Cards Canada explains how using a credit card helps track expenses
Have a great weekend, everyone!