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

Sometimes catastrophe strikes and we end up in a financial crisis. From natural disasters, large-scale pay system errors, illnesses, or sweeping layoffs, Canadians can face major financial emergencies, leaving them suddenly without steady pay or on the hook for significant expenses.

If you’re looking to find the money to pay off debt quickly, or even jump start your savings fund, taking on a No Spend Challenge is a great tactic to curb your spending.

You’ve tackled your credit card debt, stayed committed to your debt repayment plan, and after years of dedication you’re nearly debt free. Now that you’re in the green, have you thought about what you’re doing to do with the extra cash you’ll no longer put towards debt repayments?

So you’re ready to charge full steam ahead at paying off your debt, doing everything you can to throw extra cash at your lenders until you’re officially debt-free. If you stay focused and plan strategically what you’re doing with your income, you can pay off debt faster.

Here are 4 of the most common financial goals we hear and what to do to make them SMART. A goal that is specific becomes measurable. Once it’s measurable, you can ensure it’s attainable and realistic.

At the start of a New Year – and in this case, a new decade! – many people set New Year’s Resolutions. Although well intentioned, these goals fail weeks later. It’s often because these resolutions are far too generic and lack proper planning.

As yet another year draws to a close and a new decade begins, it’s time to reflect on the past 12 months, how you’ve fared with paying off debt, managing your budget, and what you’d like to do with the year ahead.

With the Christmas season comes shopping lists, holiday spending, dinner party meals, and other costly festivities. For Canadians grappling with credit card debt and debt repayment, it’s a tricky time of the year to keep finances in check.

If you’re wondering how you’re going to pull off avoiding your credit card and adding to your debt during the holiday season, we’ve got your back. Here’s our list of practical ways you can steer clear of extra spending during the holiday season that covers different vantage points from economical, creative, and even personal.