Category: car payment

Some Young Canadians Are Downsizing Their Homes to Cut Back on Their Expenses

March 28, 2023
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Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move. “We were living paycheque to paycheque,” the 26-year-old said. “We were having to borrow money from one of our parents at different…

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The Average Car Payment Is as Much as a Mortgage—How to Afford Your Next Vehicle

July 12, 2022
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By Evan Moore From Charlotteobserver.com Most Americans depend on cars to get around, but recent data shows purchasing a new vehicle may now be out of reach for average earners. The average price of a new car sold in May was $47,148, a $472 increase from the previous month, according to Kelley Blue Book. This coincided…

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