[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/rkillen.ca\/calculating-the-true-cost-of-debt\/#BlogPosting","mainEntityOfPage":"https:\/\/rkillen.ca\/calculating-the-true-cost-of-debt\/","headline":"Gail Vaz Oxlade Budget Calculator for the True Cost of Debt","name":"Gail Vaz Oxlade Budget Calculator for the True Cost of Debt","description":"The Gail Vaz Oxlade budget calculator can be used to calculate the true cost of debt. Many people do not have a clear idea of what their debt really costs them, whether it is a credit card balance or a student loan. Financial writer Gail Vaz-Oxlade points out in \u201cHow Much is Your Debt Costing […]","datePublished":"2014-06-22","dateModified":"2024-04-19","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/admin\/#Person","name":"admin","url":"https:\/\/rkillen.ca\/author\/admin\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2015\/02\/Calculating-the-True-Cost-of-Debt.gif","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2015\/02\/Calculating-the-True-Cost-of-Debt.gif","height":480,"width":628},"url":"https:\/\/rkillen.ca\/calculating-the-true-cost-of-debt\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww","name":"Consumer Proposal & Debt Relief Scarborough East","description":"https:\/\/rkillen.ca\/consumer-proposals-bankruptcy-trustee-in-scarborough-east\/ Sean Killen from the Scarborough East Licensed Insolvency Trustee office talks about debt relief for people in Scarborough.\nAre you in financial trouble?\n\nDo you have debt problems but really don't want to go bankrupt? \n\nWe are Licensed Insolvency Trustees (previously called Bankruptcy Trustees) in Scarborough. There are many loan consolidation, debt consolidation companies and debt counseling services in Scarborough however only a Licensed Insolvency Trustee can offer you all the debt relief options and explain the legal pros and cons of each option. \n\nMost people choose a consumer proposal vs a declaring bankruptcy. \n\nCall our Scarborough office at (416) 644-1212 to talk about consumer proposals. \n\nIf you are having debt problems and considering bankruptcy or a consumer proposal, I invite you to talk to one of our licensed insolvency trustees. Only a licensed\ninsolvency trustee like us can give you the information you need to help settle your debt problems.\n\nThis will ensure you have all the information to make an educated decision on your debt relief solution.\n\nWe can meet with you during business hours or book after hours appointments if that is more convenient for you.\n\nContact us for a fresh start (416) 644-1212\n\nThis may be the most stress relieving call you will ever make!\n\nFollow us on Social Media: \nhttps:\/\/www.instagram.com\/killen_trustee\/\nhttps:\/\/twitter.com\/Killen_Trustee\nhttps:\/\/www.facebook.com\/rkillenassociates\nhttps:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nhttps:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nRichard Killen & Associates Ltd Scarborough West\nLicensed Insolvency Trustee and Licensed Consumer Proposal Administrator\n2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada\nTel: +1 416-285-9511\n\nRichard Killen & Associates Ltd Scarborough East\n2100 Ellesmere Road,\nSuite #201D Scarborough, ON M1H 3B7, Canada\nTel: +1 416-644-1212\n\nRichard Killen & Associates Ltd Toronto on Danforth\n2600 Danforth Avenue,\nToronto, ON M4C 1L3, Canada\nTel: +1 647-699-3916\n\nRichard Killen & Associates Ltd Etobicoke\n2150 Islington Ave #202,\nEtobicoke, ON M9P 3V4, Canada\nTel: +1 647-932-5593\nRichard Killen & Associates Ltd Richmond Hill\n9140 Leslie Street\nRichmond Hill, ON L4B 0A9, Canada\nTel: +1 905-513-0699\n\nRichard Killen & Associates Ltd Brampton\n284 Queen St. East, Suite 224,\nBrampton, ON L6V 1C2, Canada\nTel: +1 905-456-3311\n\nRichard Killen & Associates Ltd Mississauga\n2155 Leanne Blvd #203,\nMississauga, ON L5K 2K8, Canada\nTel: +1 905-822-1151\n\nRichard Killen & Associates Ltd Mississauga\n130 Dundas St E #304,\nMississauga, ON L5A 3V8, Canada\nTel: +1 289-724-1099\n\nRichard Killen & Associates Ltd. Georgetown\n348 Guelph St,\nGeorgetown, ON L7G 4B5, Canada\nTel: +1 647-492-2219\n\nRichard Killen & Associates Ltd Pickering\n1410 Bayly Street, #6\nPickering, ON L1W 3R3\nTel: +1 905-420-6565\n\nRichard Killen & Associates Oshawa\n146 Simcoe St N,\nOshawa, ON L1G 4S6, Canada\nTel: +1 289-312-8872","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/u8dxLpN5Sww\/default.jpg","https:\/\/i.ytimg.com\/vi\/u8dxLpN5Sww\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/u8dxLpN5Sww\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/u8dxLpN5Sww\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/u8dxLpN5Sww\/maxresdefault.jpg"],"uploadDate":"2019-09-03T16:54:39+00:00","duration":"PT30S","embedUrl":"https:\/\/www.youtube.com\/embed\/u8dxLpN5Sww","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 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.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=u8dxLpN5Sww#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":12}]]},"about":["Collection Agency","Consolidation Loans","Credit","Debt","Debt Counseling"],"wordCount":504,"keywords":["consolidation loan","credit card debt","credit counselling canada","debt calculator","gail vaz-oxlade","how much is your debt costing you?","loan repayment","student loans"],"articleBody":"The Gail Vaz Oxlade budget calculator can be used to calculate the true cost of debt. Many people do not have a clear idea of what their debt really costs them, whether it is a credit card balance or a student loan.Financial writer Gail Vaz-Oxlade points out in \u201cHow Much is Your Debt Costing You?\u201d that if someone buys a $2,000 TV on credit, with an 18% interest rate, the minimum monthly payment would be about $40. Of that payment, only about $10 would go to the principle and rest would cover the interest. So if you just made minimum payments, the $2,000 TV would cost you $7,000 and would take 30 years to pay off.To tally up the true costs of your debts, the sites for many financial institutions and credit-counselling agencies have calculators available for free use. All you need to do is to punch in your numbers and weep.Credit Counselling Canada, \u00a0the national association of non-profit credit counselling and government agencies, offers links to a variety of calculators. They include ones designed to help you to get a clear picture of your debt situation, \u00a0change your spending patterns for your home budget, \u00a0determine repayment strategies for your loans and lines of credit, track your weekly expenses and show you how to reach your savings goal. Its SMART (Specific, Measurable, Attainable, Relevant, Time-Bound) Worksheet can aid you in setting financial goals and putting them in action.Consumer Proposal & Debt Relief Scarborough EastWatch this video on YouTubeMost banks offer calculators to help you figure the cost of loans before you sign on the dotted line. Typical is TD Canada Trust\u2019s\u00a0Debt Repayment Calculator. Select your type of debt, the amount of the loan and interest rate, and then you\u2019ll get back the numbers for how much you\u2019ll pay in total, over what period of time. If the numbers for your debts become oppressive, TD also offers a Debt Consolidation Loan Calculator, showing how you can ease your situation by consolidating all your debts into a single loan, with one monthly payment that is probably lower than what you are paying overall now.Students about to enter university or college, and their parents, should point their browsers to the Government of Canada\u2019s CanLearn\u00a0Loan Repayment Estimator. Enter your settings and it will help you estimate the monthly payments you\u2019ll need to make to repay your Canada Student Loan or other government student loans. Simply enter the total amount of your loan(s), select the interest rate and grace period options, and decide on the number of monthly payments that you would like to make. \u00a0You can also compare repayment options. The trick is to pay off the student loan before you hit retirement age.Just dial 1-888-545-5365 and we can start talking about how you can improve your financial situation.If you are in debt and have questions about the Gail Vaz Oxlade budget calculator, we would be happy to help you find a proper solution to your problem."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Gail Vaz Oxlade Budget Calculator for the True Cost of Debt","item":"https:\/\/rkillen.ca\/calculating-the-true-cost-of-debt\/#breadcrumbitem"}]}]