Freeing yourself from debt is one of the most important financial milestones you'll ever achieve. But most of us don't pay much attention to the process of getting there. The common belief is that there aren't many options when it comes to borrowing, or managing what we owe. So we tend to take a passive approach.
"Wealthy Canadians know that debt can be managed to their advantage.
And they know that the best information is not widely publicized.”
But we believe that most Canadians can do better when it comes to handling their debt and credit. In fact, we've built our business by helping our clients get to a healthier position financially. Which is why we've put our minds together and come up with a bunch of financial tips that the banks won't tell you!
About Our Tips on How to Get Out of Debt Sooner
Our tips on how to get out of debt sooner can help you save money and reduce your debt. But keep in mind that the real benefits, come from practicing a number of financial tactics.
Each tip in this section is like a link in a chain. When you get all the pieces working, you will have a debt strategy that works hard for you. Start small, and implement new tips as you go. If you manage debt well, you can enjoy the same benefits, as you would see from substantially increasing your income. And how many of us couldn't do with a pay raise?
Find out how to
Reduce your interest payments
Create an un-budget
Get all the tax breaks you can
Use your debt to maximize your tax returns
Be a smart spender and avoid unnecessary debt