Prefrontal cortex and your debt

Prefrontal cortex and your debt

"The explosion of consumer debt that has caused the current crisis is an issue of self-control" says University of Pennsylvania psychology professor Angela Lee Duckworth. "It's a perennial human problem, to delay gratification. We all struggle, from little children to the oldest and wisest, with the ...
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Debt Feels good – until you have to pay it back.

Debt Feels good – until you have to pay it back.

In the last two articles, we've discussed two explanations pertaining to why some of us take on more debt than we can safely manage. Over optimism about our future and a struggle with self control that can begin when we are very young. It even seems that the ability to resist impulse is something th ...
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Pay cash today or debt tomorrow?

Pay cash today or debt tomorrow?

People often make poor economic choices because they are overly optimistic about what they will do in the future, experts say. It's akin to over estimating how much you can get done in a day or eating a piece of chocolate cake now because you are counting on yourself to have the will power to have o ...
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Debt pushers and Dealers have to answer to the Feds… ewwww, scary

Debt pushers and Dealers have to answer to the Feds… ewwww, scary

Ottawa is talking to the banks about putting new measures to curb the rise in consumer debt into the next federal budget.Deputy finance minister Michael Horgan has broached the topic in prebudget consultations with executives from Bay Street firms and several bankers say they would support federal ...
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The bank gave me more money than Grandma for X-mass… must be love!

The bank gave me more money than Grandma for X-mass… must be love!

Well, yes, kind of. Banks are in the business of lending money - they are like any other retail establishment only they sell money instead of shoes or books or cannelloni. The problem is that we forget that we are the consumers of that money; most of us feel more like lucky "recipients" of the bank ...
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Til Debt Do Us Part?

Til Debt Do Us Part?

The expression “Til Debt Due Us Part” is a heavy hitter. Have you ever had one of those days when you just feel like you’re never going to get out from under the mountain of debt you’re under? When you signed on the dotted line, you never thought that it was like a marriage ...
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Debt Settlement Edmonton

Debt Settlement Edmonton

Debt settlement in Edmonton is one of the most questionablet options for residents of this wonderful city who have found themselves in a great amount of debt, behind on their bills, and unable to pay the full balance. Some of the advice that they will hear might be to declare bankr ...
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Debt Consolidation in Edmonton

Debt Consolidation in Edmonton

You’ve built up an impressive amount of debt over the years, using credit cards, car loans, and other types of creditors. Now you’re interested in debt consolidation in Edmonton. There are a number of ways that you can go about consolidating your debt and it really doesn’t mat ...
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In Charge Debt Solutions

In Charge Debt Solutions

I’m going to be completely honest with you. InCharge Canada, the debt solutions division or the major company in the States, is my direct competition. I am not one of those people who will talk about all of the negative things about a person or company just to try and score points ...
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Consumer Proposal Edmonton

Consumer Proposal Edmonton

Let’s face it: most of us have, at one time or another in our lives, made some bad decisions. For many of us, those bad decisions have had to do with debt and when you don’t pay attention to your bills and the mounting debt piling up all around you, then you could wake up one da ...
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