Helping you get out of Debt (Part Two)

Get out of debt

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 and live in the Toronto area, call us at 416-498-9200 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 best decision I've made was to contact David Sklar & Associates, they are experts in this matters and also have dedicated Licensed Counsellors that provide the best customer support, like Rhoda Lewis, who I highly recommend. She worked tirelessly on my case, explaining ever detail to me willingly. She demonstrates a true interest in her clients. I appreciate how she patiently walked me through what to do, step by step. I now have control over my finances, as a result my life is much more peaceful and I can focus on what matters. Thank you!
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20:18 16 Jun 22
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15:10 14 Jun 22
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Colleen H
12:50 14 Jun 22
Rhoda is a wonderful person, She help me and guided me throughout the process. I couldn’t do it without her support and expertise. Now I can start fresh and full of hope of a better life ahead of me.
ariezel erandio
21:33 06 Jun 22
The service I recieved from David Sklar and Associates was great. I was able to meet with Christin Sylver. She is kind, understanding and, professional. She was able to answer all the quesions that I had regarding my debt. At the end of our meetings, I felt that there is a heavy burden lifted from my shoulders. I recommend Chistine to anyone who is looking into debt relief.
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12:11 04 Jun 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
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01:24 11 May 22
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21:05 10 May 22
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Hubert Z
03:08 10 May 22
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02:42 10 May 22
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