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133 - How Do I Pay Off Debt When Living Paycheck to Paycheck
Manage episode 393067902 series 3317846
The latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to make sacrifices or find a way to increase your income. Licensed Insolvency Trustee, Matthew Fader discusses options and strategies to break the cycle of living paycheque to paycheque. He covers:
- Where to start
- The psychological component of money management
- Identifying recurring and occasional expenses
- Is the shortfall is due to spending issues or insufficient income
- Pros and cons of consolidation loans versus a line of credit
- Consulting with an LIT to help evaluate your options and find a solution
Licensed Insolvency Trustees are considered to be the best debt advisors in the country and the only ones licensed by the federal government of Canada. They can help you navigate a path forward to becoming debt free.
About Matthew Fader
Matthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect.
Additional Resources
161 эпизодов
Manage episode 393067902 series 3317846
The latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to make sacrifices or find a way to increase your income. Licensed Insolvency Trustee, Matthew Fader discusses options and strategies to break the cycle of living paycheque to paycheque. He covers:
- Where to start
- The psychological component of money management
- Identifying recurring and occasional expenses
- Is the shortfall is due to spending issues or insufficient income
- Pros and cons of consolidation loans versus a line of credit
- Consulting with an LIT to help evaluate your options and find a solution
Licensed Insolvency Trustees are considered to be the best debt advisors in the country and the only ones licensed by the federal government of Canada. They can help you navigate a path forward to becoming debt free.
About Matthew Fader
Matthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect.
Additional Resources
161 эпизодов
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