How to Plan for a Debt-Free Future

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Do you hear your friends and family talking about their latest vacation, their new car, their upcoming home renovation and can’t help but think, “must be nice”?

Your financial future might not seem too bright because you’re so strained juggling credit card bills and loan repayments that the prospect of one day being able to plan for things like a mortgage seem impossible.

Debt isn’t a life sentence. There are ways to get out of it.

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You have to recognize when your debts are having a negative effect on your life in order to start taking the steps to financial freedom. To handle your financial situation and regain some control over your life, you can follow these tips for living debt free in Toronto but you need to address your debts, too.

Develop a Coping Strategy

You have to understand the cycle of debt, how we get into it and how we get stuck. You need to know when you need money and how to get it, you need to learn to live on less, and you could probably also benefit from some general stress management.

No matter how severe your debt situation may seem, a consultation with a Licensed Insolvency Trustee (formerly known as a bankruptcy trustee) at a David Sklar & Associates location across the GTA will get you on track. They can guide you through the best way to handle your current debts and they also offer counselling.

For a debt-free life, you need to develop a healthy relationship with your current debt and money in general. Stop hiding and stop avoiding your debts. A debt-free future is possible with professional help, a good plan, and the commitment to make it happen.

Professional Financial Help

You aren’t expected to be an expert in these financial situations, since trying to navigate the murky waters of debt legislation can just add to the stress you already experience regarding your financial obligations. Help from a professional is the best way to make sure you do everything right and plan accordingly for what comes next

The Negative Effects of Financial Strain

Those who suffer from serious debt issues are often labelled negatively, but there are so many reasons for why someone would fall into debt there is no way to interpret everyone’s debt the same way. The truth is that the stress of a dire financial situation can be so intense that it can have a negative effect on your health.

Anxiety over money can lead to lost sleep, unhealthy emotions, unhealthy coping mechanisms, and less money to take care of yourself. Debt that hangs over you can make you feel frustration and hopelessness as the debt piles up and you begin to need more and more money to pay for the interest.

If this sounds like your current financial state, then there’s no reason to continue living in constant fear of your debt. You can develop a plan with the help of a bankruptcy trustee. Contact us today to learn more about how a trustee can help you tackle your debt and set long-term goals for a debt-free future

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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I was a little nervous going into my consumer proposal with David Sklar & Associates as I had a horrible experience attempting to file with a different group.Following the first correspondence, I immediately felt much more relaxed and confident in my decision.Beatriz was incredible! I feel so lucky to have had her working with me.She was friendly and kind, professional, patient, considerate, and caring. I felt no judgment in anyway. Honestly, speaking with her regarding my debt felt like I was speaking with a family member – just very easy to discuss how I ended up in my financial situation and being met with understanding, no judgment.Mark was also very kind and made sure that I understood what was discussed and was open to going over it again if needed prior to signing.David Sklar & Associates is the team you want handling and assisting you with your debt. I have only positive things to say about them and will 100% recommend them to anyone if the situation ever arises.
ally.
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Helped me with filing for bankruptcy and getting a fresh start and made the whole process seamless and easy.
Sameer Kamal
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I would like to say "Thank you very much" for David Sklar team that handled my case smoothly and without any issues! I am glad that I ve got consultation by Jerry Janiec. He explained me all process in details and told me right away what options I do have to resolve financial difficulties. I ve proceed with consumer Proposal option and entire process was very smooth. Jerry took care of my case and gave me personal recommendations for future! Thank you very much Jerry and Hernee for your help and really take care of your clients!
Alexander Arepyev
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Very knowledgeable, helpful and fast service
Anthony Mcfeat
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I am so delighted to have found this company. They are the best. Everyone in the office is very nice never to busy to assist you. Thank you David Sklar and Shirley and associates for being you. 😊🌺😊
Deborah
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Trina was amazing and quick. No judgement was made and they all made me feel I made the right decision. Would highly recommend them
Crystal Minaker
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Trina was very easy to work with. Any questions I had were answered promptly. What seemed like a complicated process was explained in a clear manner that wasn't at all intimidating. It made for a more comfortable experience during a turbulent time.
Eldon Aubie
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Jackie is very professional...I would recommend David Sklar to anybody especially knowing how understanding they are.
Kimberley Lyder-Niles
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I had Shirley and Kim take care of my finances. From the very first moment I spoke with Shirley I could sense how caring, professional and patient she was. She was also very understanding with my lack of financial knowledge and never made me feel dumb as some other companies have.Her and Kim were always very quick to respond to emails, always available if I called and answered my abundance of questions in such detail that I now believe I have a thorough understanding of how finances work. I am hopeful about my fresh financial start and very grateful I had the privilege of meeting and working with these two beautiful women.I also spoke briefly with Richard over zoom and he to was extremely friendly, patient and made sure I was well taken care of.I could not recommend David Sklar and Associates more. Thank you again.
Shayleen Muzi
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Good professional team! Jennifer is the best, helped me through everything and answered all my questions. Made the process easy! Would recommend Jennifer and the team at David Skylar.
gary round
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