Debt Help Blog - Bankruptcy, Budgeting, Credit Counselling & More

Does it feel like no matter how hard you work at eliminating your debts, you just can’t seem to get the upper hand? Carrying debt is a common narrative for Canadians across the country. Here’s a look at 7 common debt repayment mistakes that are stopping you from becoming debt-free.

When your income suddenly drops, your spending may have to as well. Many Canadians don’t have an emergency fund to help weather financial storms. Without that, cutting costs is the next option to consider. Here are savings tips for some common budget categories. Every little bit counts and can add up to the saving you need to make it through an emergency.

Do you ever wonder about the top strategies to pay off debt? The path to being debt-free requires dedication, persistence – and most importantly careful planning and strategizing to fit with all of life’s circumstances. When you have credit card debt on multiple accounts and owe many creditors, these debts won’t magically go away.

Today, April 22, is Earth Day. To help promote Earth Day, we thought we would offer some tips on how to go green and save money at the same time. These tips show that going green isn’t just good for the environment, but can also slow the impact to your wallet. Here’s how you can help save the planet and your budget.

Setting a budget and trimming down monthly expenses are key priorities for anyone working on paying off debt. While there’s so much emphasis out there on cutting back your discretionary spending to free up cash to apply to debt repayments, how often are you looking at making changes to your fixed expenses too?

Credit cards come with steep interest rates, will add up to a mountain of debt if not managed carefully, and can set you up for a lot of stress when an unexpected emergency hits. Instead of being a slave to your credit cards to make ends meet, here’s how to switch over to better money management strategies to get a handle on your money and debt.

Owning or renting a home can be a pricey undertaking. How do you manage these costs when you’re also struggling with debt and the economic uncertainty of a pandemic?

Is your budget prepared for the potential economic impact of a pandemic illness? As the rates of the coronavirus (also known as COVID-19) continue to spread around the world, school and business closures as well as social distancing and isolation measures are becoming more widespread.

For some people, personal finance management is a passionate hobby, while for others it’s a daunting chore. Either way, personal financial planning – including budgeting, tracking your spending, and saving – is crucial if you want to get out of debt and reach your financial goals.