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Five Ways to Sink Your Budget

Five Ways to Sink Your Budget

For family or personal budgets to work requires the determination to run a tight ship. Otherwise small leaks can turn into a torrent that sinks your good intentions. Here are five problems that can torpedo a budget and ways to cope with them. 1. Food Eats up Your Budget ...

Rich, Richer. Poor, Poorer

Rich, Richer. Poor, Poorer

Apparently the wealth gap is growing in this country, as the rich get richer and the poor get poorer. So says the Broadbent Institute, supporting its case with StatsCan numbers. Canada’s poorest 10%  saw their net worth plummet some 150% since 2005, while the top 10% ...

Back to School Budgeting Tips

Back to School Budgeting Tips

Parents everywhere can breathe a sigh of relief as their kids go back to school. However their happiness at no longer having to keep young ones amused is tempered by the worry of school-related costs: supplies, class trips, clothing, etc. We feel your pain. Here are some ...

Long Car Loans Drive us into Debt

Long Car Loans Drive us into Debt

Canadians are driving into fast debt with slow repayment car loans. Taking advantage of low interest rates and small-to-zero down payments, they are buying cars in record numbers. According to an August 2014 Financial Post article, rather than four to five years, many of ...

How Do I Stop Wage Garnishment?

How Do I Stop Wage Garnishment?

Wage garnishments pack a double whammy. Not only do you lose control of your finances, you have the embarrassment of your employer knowing that you are suffering money troubles. So how do you keep your salary in your hands? Wage garnishment is a legal proceeding set in ...

10 Signs of Debt Trouble

10 Signs of Debt Trouble

If you don’t live in Egypt, being in denial is a bad thing. Most of us carry some form of debt, whether it’s a car loan or a credit card balance that we just can’t manage to pay off this month. But when does debt load become dangerous? Well, one sign is ...

Why Do People Go Bankrupt?

Why Do People Go Bankrupt?

Well, because their debts exceed their means to pay them. OK, after stating the obvious, here’s a bit more detail. More than 118,000 Canadians a year are filing for bankruptcy or doing consumer proposals. Here are some of the top reasons why. Excessive Use of Credit ...

Cheap Summer Fun in Toronto

Cheap Summer Fun in Toronto

We all like to take nice summer vacations. But long car trips, travel abroad, cottage rentals and even camping can strain the pocketbook. If you are trying to save money this summer, why not stay in the city and enjoy some of its pleasures? Yes, Toronto has lots of pricey ...

Our first tv commercial

Our first tv commercial

This is a look back at one of our first TV commercials. Wow how time flies. FacebookTwitterGoogle plusLinkedinXEmail

Scared to Death of Taxes

Scared to Death of Taxes

Death and taxes are inevitable. For some they are the same thing. Fear of the tax man may be justified. As a creditor he has super collection powers that ensure that most people don’t have a smile on their face when they receive a notice from the Canadian Revenue ...








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About Richard Killen & Associates


Since 1992, Richard Killen & Associates, a Licensed Insolvency Trustee, have helped thousands of people resolve their financial problems. With 25 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.


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