Financial Wellness

Debt does not only affect the person that is owing money, but it also affects their family and their friends as well. It can take a toll on the individual’s physical and mental wellbeing, and it can lead to an overwhelming sense of hopelessness as debt continues to grow.

Losing your job is a very unsettling situation for you and your family. Without a steady income, it may be difficult to pay for necessities like groceries, rent, car payments, etc. Most people don’t prepare to lose their job; in fact, it often comes as a shock.

We are currently living through an unprecedented moment in time. The spread of the novel coronavirus, COVID-19, has impacted the livelihood of people all over the world including here in Canada. Millions of Canadians have already filed for unemployment benefits, as well as the Canadian Emergency Response Benefit (CERB), in response to temporary layoffs and employment terminations.

Saving money and sticking to a budget isn’t the easiest thing to do. On top of spending temptations, there will surely be unforeseen expenses in your future that will throw a wrench in your budgetary plans. We’ve been helping individuals and families organize their savings and reduce their debt for more than 20 years and at that time we’ve picked up on a few tips that have been helpful for people in achieving their financial goals. The following article will offer you some tips to help you stick to your budget.

We are living through a stressful time in regards to our health and our financial stability. The following article will discuss a few ways to protect yourself financially during and following the COVID-19 crisis.

You’ve likely heard the term “bankruptcy” in television shows and movies, but do you know all that it entails? In essence, bankruptcy gives an individual riddled with debt the opportunity to relieve his or her financial handicap.

The ability to reduce your debt by up to 97% without sacrificing your credit score is the biggest reason to consider a Consumer Proposal. But how does it work and is it right for you? That’s what we’re going to find out.

Dealing with a large amount of debt is overwhelming; when creditors and collection agencies start calling it can feel like there’s no escape. Online research only adds to the confusion with options that are difficult to understand. Some may even seem fraudulent. The good news is there are solutions, no matter what your debt situation may be.

A financial wellness coach works with clients who need help with money management. They often provide basic financial literacy to help clients work on their own, as well as set financial goals while creating a plan to get there. You’ll most likely be working together for several months and your coach should check in with you too, periodically.