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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.

Recent Posts

Why You Should Put Your Tax Refund Toward Debt

When you get a tax refund, it can be tempting to splurge. Suddenly finding a cheque in the mail for a substantial amount of money feels like a thrill and .

Tips For A Debt Free Life Found Right Here

Financial struggles can happen to anyone. Every day, the team at David Sklar & Associates works hard to help people who have fallen on hard times and owe money. Clients .

Stop Aggressive Debt Collectors In Their Tracks

There are very strict rules about what debt collectors in Ontario are allowed to do, but if you’ve ever had bills or debts go to collection, you know that not .

Achieve Your Debt-Free New Year Resolution

One of the most common New Year Resolutions, right after going to the gym, is becoming debt-free. It’s a dream for millions of Canadians who owe student loans, mortgages, car .

How To Budget For Your Debt-Free Life

When you’re deep in debt, you can’t keep making minimum payments. Minimum payments are designed to keep you paying more interest so that lenders make more money. If you want .

7 Things You Can Do When You’re Debt Free

When you’re struggling with debt, it can be difficult to gain perspective and see further than just the next day of making payments. Debt is one of the most difficult .

Don’t Let Christmas Send You Into Debt

The holidays can be a difficult time to stick to your budget, with stores offering great deals on big ticket items, a long list of people to buy gifts for, .

5 Tips For Living Debt Free In Toronto

Do you lose sleep over the amount of debt you’ve accumulated and can’t see a way out? Do you dream about living debt free in Toronto and finally start saving .

Dealing with CRA Tax Debt

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.

Spending Mistakes you should avoid

Covering a few common spending mistakes you should avoid. Look to smart shopping and saving.


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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.

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