Helping you get out of Debt (Part Two)

Get out of debt

Table of Contents

In part one of this three part series of helping you get out of debt, we covered paying more on your credit card to help pay it off faster, spending less per month and targeting your most expensive debts first.

Buy Used or New to You Automobiles

An automobile loses between 15 to 20 per cent of its value each year, on average. One way to help save you and your family some money is to buy a used automobile. Buying a good quality used car, can help you save money and help pay off your debts faster.

For advice on buying used cars see. http://www.consumerreports.org/cro/cars/used-cars/buying-advice/index.htm

For Advice on buying new cards, see http://www.consumerreports.org/cro/cars/new-cars/buying-advice/index.htm

One Car or Two

If your family has two or more automobiles, consider getting rid of one of them. If this is a possible option for you and your family, this can help free up some money each month into paying down debt faster. Granted having a car at your will and call can be useful, but this can be a costly expense per month or yearly, especially when those unexpected car problems arise and force you to dig in to your pockets to pay that extra expense.

Some alternatives to driving are car pooling, transit system, walking (if close enough), or cycling to work are a few possible options. The cost of ownership per car does add up each month, from gas, insurance and maintenance. Take this extra money and look at paying down your more expensive debts.

Groceries

A person’s grocery bill can quickly add up over the weeks. One way to save more on your monthly grocery bill is to stock up on groceries when there are sales. This is extremely helpful for non-perishable groceries and items that can be put in the freezer. Checking each week to see what items are on sale, can help you to stockpiling these sale items, and help to cut down on your grocery bill each week/month. Naturally there will be items such as milk as so on that can’t be stockpiled, but focusing on the items that can, will be helpful. Being a smart shopper can help in saving more.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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The team at David Sklar and Associates Inc are very professional and are willing to help you get out of debt. Highly recommended.
Melissa MacKenzie
12:35 29 Mar 23
I would like to thank the team at David Sklar and associates inc. for all the time and effort they put in to support this process for me. This topic can be challenging to disclose but a big thank you to Christine for going above and beyond in guiding me through all my options and supporting me through the decisions. I cannot recommend this group enough , as they have shown me compassion , knowledge , and understanding throughout the entire process. I look forward to the next step of this process and learning how the proper way of becoming financially educated through the support of their financial counselling team. For anyone who is struggling , just know that there is a wonderful group of educated professionals at David Sklar who are available to help!
Michelle Plouffe
18:45 14 Mar 23
It took me awhile to get up the courage to contact David Sklar but I’m so glad I did. Trina walked through my options with me and provided the knowledge I needed to make a decision to help turn my financial situation around. She is patient and empathetic and answered any and every question that I had. Trina provided me the reassurance I needed that I was making the best decisions for me and my family. I’m so happy that I reached out and now have a plan to get back on track.
M. Mackenzie
19:59 12 Mar 23
Trina was very helpful and thorough.
Sam M
15:26 12 Mar 23
Christine was very helpful, kind, and understanding. She explained everything thoroughly, answered any questions I had, and was responsive to any concerns I had. 100% would recommend
Katherine Campbell
17:29 08 Mar 23
Jackie Stanley is excellent she took the time to explain everything to me and I am so grateful to her for giving me a fresh financial start so if you have any doubts don’t and go see her if you want to achieve financial freedom!
Heather Helfield
21:24 06 Mar 23
Amazing friendly staff that knows what they are going. They make a difficult situation not so bad. Would give 10 stars if I could.
alie Balan
22:37 25 Feb 23
Very helpful and kind and gave me all the available options before helping me decide which one was best for me. I would definitely recommend Jackie
Alison Rivard
01:01 21 Feb 23
Great experience i was in financial trouble and someone of my friends recommended this company. Cori is a wonderful and welcoming person she did a very good job and came up with a smooth and flexible monthly payment after the reduction. i highly recommend this company. Thank you David sklar and special thanks to Cori.❤️🙏🏻
Jasmine Joseph
22:08 13 Jan 23
Met up with Mr. Jason Sklar to discuss more in person, very thorough and clear. He is very kind and thoughtful, I will be referring anyone with the same situation to David Sklar & Associates.
Ariel Domingo
02:33 29 Dec 22
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