Your Debt Solutions Experts
BDO St. Catharines

43 Church Street, 5th Floor, Unit 501
St. Catharines, Ontario
L2R 7E1
(905) 984-5424

How to Fall in Love With Finding Debt Relief

We know what you’re thinking — can I really fall in love with finding debt relief?  Too often, the perception of dealing with debt is that the process is stressful, difficult and even impossible. This doesn’t have to be the case. With the right tips, strategies and guidance, you’ll discover how to deal with your debt and feel more in control and connected with your finances. Let’s get started!

Just talking about your debt can be a relief

One of the most positive things you can do to build a healthy relationship with your debt is to talk about it.  Unfortunately, this is not always common practice. It’s sometimes easier to ignore debt problems than to deal with them.

Keeping in touch with your debt doesn’t have to be difficult. Try planning a financial date night — just you and your finances — to get the ball rolling. Set aside time to keep tabs on your spending habits and credit card balances, update your budget or check in on your savings goals.

Talking about your debt also doesn’t always need to be a solo affair. If you find that your financial check-in leaves you feeling unsure of the best way to find debt relief, it may be good to reach out. The good news is that there are debt relief professionals that are here to help. Reaching out to a credit counsellor or a Licensed Insolvency Trustee can help you discover new ways to reduce your debt load quicker and more efficiently.

Create a debt relief plan

If you have debt, you need a plan to get relief from your debt. One of the first things to consider when you’re creating your plan is a budget. Don’t have a budget in place? Now is the time to create one, so you can track your spending and focus on your financial goals.

If you do have a budget, as yourself if it’s really working for you. As circumstances change and new challenges come your way, it’s a good idea to revamp your budget to ensure that it still accurately reflects and supports your financial goals and realities.

It may also be time to take a look at new tools that may be available to help you stay on financial track. Smartphone apps like Mint or Wally, for example, provide a really easy and (dare we say it) fun way to set financial goals (like debt relief). The other, obvious upside to using a budgeting app is you’re able to keep track of your spending and debt on the go.

Dealing with debt doesn’t have to be a cumbersome process. Talk about it, seek advice, create a plan and check out the tools that can help you succeed. You’ve got this!

How do you feel about the process of finding debt relief? What tips or strategies discussed in this article will you try? Join the conversation and don’t forget to include the hashtags #LeaveDebtBehind, #LoveAndMoney, and #DebtTips.

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