3 Ways to Get Help with Your Finances

3 Ways to Get Help with Your Finances

Money issues can definitely be overwhelming and confusing. There’s a reason why finances—both personal and household—are one of the leading causes of relationship trouble, divorce, stress (and related illnesses), and even suicidal thoughts for many people. Part of the problem is that it’s a highly individual thing—there’s no silver bullet, and sometimes drowning in financial stories and advice from others can really sap the energy out of you.

There are plenty of places you can turn for help and to learn the financial ropes and all of them will take your individual situation into account (or help you do it). Here are some options.

  1. Talk to a Professional. Debt and credit counselors in many cases can help you get your financial house in order. Usually their goal is to make sure that you can pay down your debts and become debt free, but in order for them to be successful, they need to understand your income, expenses, and debts.
  2. Find a Credit or Debt CounselorCredit counsellors also provide day-to-day money management advice, taking into account a client’s overall financial situation. They also provide financial literacy programs, such as free workshops on how to build a budget, and debt repayment services.
  3. Hire a Financial Advisor. Financial planners can help you with basic budgeting, but their bread and butter is longer-term planning. They can help you figure out how to manage an inheritance or how much you need to save for retirement, for your kids’ education, or for big purchasers, such as buying a house.

If you’re looking for a credit counsellor in Toronto, get a quick assessment with us today or call us at 416.900.2324. We will help you develop a plan, reduce your interest costs and get out of debt over time.