If you need help finding the best solution for a indebtednessyou've come to the right place. Our team has many years of experience at financial turnaround and we can help.
A good financial equilibrium is important in order to enjoy life without too much worry. It's a simple goal that every one of us should be able to achieve. And yet, it's so easy to get into debt if you're not careful. Fortunately, there are a number of solutions to debt before you give up, and declare bankruptcy.
If you're struggling with debt, don't worry. It is possible to regain financial health by following a few simple steps. Discover here the practical guide concocted by our financial advisors and find the best solution for your debt.
Watch out for small credit expenses
Credit cards are nice, but they're not money you own. Otherwise, it wouldn't be called credit, it would be called debit. If you use your credit card regularly for small purchases, your indebtedness quickly escalates. A little dinner out here, a movie there, the credit bill goes up. The problem with the easy money that comes with credit cards is that you often spend without counting the cost.
Unfortunately, this increases the bills at the end of the month and plunges us into debt. A good solution to debt is to keep control on the use of your credit card. Ask yourself if this expense is necessary on your credit. Avoid adding all the small bills you could pay with your current account.
Debt solution: the savings account
Contrary to popular belief, you don't need a big bank account to save. Nor is it necessary to have a large bank account. CELI or an RRSP, although these can be very practical. If you are unable to open one of these two accounts due to a precarious financial situation, rest assured. There are other debt solutions besides these two accounts.
For example, a financial advisor could help you calculate a reasonable amount you could deposit into a savings account each week. This amount could be as low as 20 $ or 25 $ per week. Your bank or caisse probably has a number of savings products that allow you to withdraw money from these accounts if you need to. This is an excellent solution for debt. This hidden money allows you to save or get out of a financial bind.
Contact your financial advisor
Finally, the best solution to debt is always to seek professional help. Contact your financial advisor so he or she can help you and give you the tools you need to get out of debt.
There's no shame in seeking help; your advisors are there to help you. Whether you're a few hundred dollars or thousands of dollars in debt, they can help you find a solution. solutions tailored to your needs and budget. They'll be delighted to help you achieve your financial goals while building a comfortable cushion for the future.
If you have any questions about debt solutions, please do not hesitate to contact us. An experienced member of Groupe N.Séguin Inc. will be happy to take your call.
