The goal of this blog – Living Debt Free in Toronto – is to share debt management, budgeting, expense cutting and all-round useful information with people who are learning to live on a budget. Designed for everyone in the Greater Toronto Area who wants to see more of their pay cheque at the end of the month – this blog is here to help you get started on your debt free life.
Much of the information contained here was learned by our Consumer Proposal & Bankruptcy clients, many of whom found themselves facing the need to live on a budget for the first time in their lives. As well, our staff contributes greatly with their excellent ideas and feedback. We look forward to hearing from you, our readers – your suggestions, hints and ideas will go a long way to sharing the message of ‘Living Debt Free in Toronto’.
At the base of living debt free is knowing exactly where you are financially, and in order to do that – you need to be on a budget that will work for you.
At the bottom of these posts are a series of five articles that discuss how to set up and succeed on a budget. Since having a budget is the key to living a debt free life – we started our blog with a great series on how to create and use a budget successfully. Take your time reading through and implementing each step – it is not a race, the longer you take at this early stage the easier it will be for you in the long run. Having said that, don’t be afraid to dive in – the most important thing is that you start the process and then begin to live on your budget. You will naturally be making adjustments as you go along so don’t wait for perfection – begin today.
If you happen to owe money to the CRA (Canada Revenue Agency), this is something that you want to handle in a timely manner. Read more on this important topic.Dealing with CRA Tax Debt>
Covering a few common spending mistakes you should avoid. Look to smart shopping and saving.Spending Mistakes you should avoid>
Payday loans can be dangerous and expensive means to borrow money and Payday Loan usage Continues to rise. Avoid the Payday loan trap!Payday Loan usage Continues to rise>
That time of the year is soon approaching & until March 1st, RRSP season will be upon us. What are your best options with any extra cash?RRSP or Mortgage Payments>
Looking for CRA Tax Debt Help? If you’ve ever been hit with a Notice of Reassessment from the Canada Revenue Agency, and do not have the funds to repay, you may need to look at your other options that may be available.CRA Tax Debt Settlement>
The Registered Education Savings Plan is a savings account for your child’s education that is registered with the Canadian Government. There’s free money available for your child’s education that you may not be taking advantage of.Registered Education Savings Plan (RESP)>
As of November 2016 The Canadian Gov’t has made some changes to the Student Loan Income Threshold levels are per family size.Canadian government Student loans Changes>
WEPP deals with the workers of companies that have declared bankruptcy, or when the company comes under receivership under the BIA.Wage Earner Protection Program>
Debt Issues? Find out what are the available options that are available in Ontario.Trapped in a Cycle of Debt>
A look at The Scanner Price Accuracy Code. This is aimed at helping to keep scanning prices accurate. Find out more on this.Frugal Spending with Scanner Pricing>
If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.
Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200