A minimum payment is the amount you’re required to pay each month on your credit card bill in order to keep your account in good standing. 

We’ve written at length about why it’s important to at least make the minimum monthly payment on your credit card, as well as the dangers of making only the minimum payments toward your outstanding balance. 

When thinking about buying life insurance, age is undoubtedly one of the things you must consider. Generally speaking, the younger you are, the healthier you should be. And as a result, life insurance is usually less expensive when you’re young than it will be later in life.

If you’re like most Canadians, you have some form of debt, whether that’s a credit card, line of credit, personal loan, or mortgage. And when you borrow money, you’re required to pay interest. The interest rate you’ll pay is based in large part on how risky of a borrower the bank thinks you are. You’ll generally pay a higher interest rate if you have a low credit score versus someone with a high credit score.