David Sklar & Associates – Toronto Consumer Proposal and Bankruptcy Trustees,
Share the Lessons of Successful Debt Management

Debt Bad!

While not grammatically correct –– ‘Debt Bad!’ is one of the most important mantras you can use in this world of easy-credit and instant gratification.

Debt is a burden which should be avoided (pardon the pun) at any cost. By budgeting carefully, and learning to save for what you truly want, you can become debt free.

Imagine being debt free:

• no monthly scramble to make loan and credit card payments,


• the security of healthy savings,


• the ability to use your money for your own goals, and


• the joy of not being burdened by debt.

The next time you are standing in front of that shiny-fun-fast-new thing that you just have to have – say to yourself: Debt Bad! and get on with your goal of living a debt free life.

We recognize that some debt may be necessary. There are very few people that will ever be able to buy a first home in the Greater Toronto Area without a mortgage, however, paying down that mortgage as soon as possible and minimizing your other debts, will keep you on the road to financial freedom.

Good Intentions and Bad Debt

At David Sklar & Associates (Bankruptcy Trustees in the Greater Toronto Area) we have seen thousands of people with good intentions, end up with unmanageable debt loads. Often, they have spent stress-filled years in a delicate balance, just barely able to pay their debts – when suddenly - job loss, marital breakdown, or health issues push them over the edge and into insolvency.

We work with individuals not only to get them out of debt, but to help them understand:

• the reality of debt,


• the value of budgeting,


• the power of financial goal setting, and most importantly


• how to become debt free.

How hard is applying ‘Debt Bad!’ to everyday life?

Truthfully, sometimes it can seem very hard – delayed gratification is not always easy. Finding a way to stay out of debt that works for you can be a challenge, but it can be done and you can do it!