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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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
I was a reck talking yo Jason Sklar was easy comfortable he explained everything and put my mind at ease I would recommend the team od sklar to everyone. I have already talked to my ci workers about them
kevin mcweeney
01:13 22 Dec 22
The team at David Sklar & Associates is fantastic.I worked with Jerry whom not only made - what seemed like intimidating process to initiate at first - comfortable.He made everything transparent and took the time to explain the process every step of the way.He was kind, attentive, and professional. Everything was made straightforward and stress free and we found a solution together that worked.Thanks to Jerry and the team.
Jordie Angiolillo
18:22 21 Dec 22
From day one till the end which is today😁 DavidSklar gave me a 5star service and treatment. And I will 100% recommend him and his Associates. This is the best Christmas present ever! Thank you David! More business to come! Merry Christmas and a Happy New Year!!!
barbee diaz
16:37 16 Dec 22
I FOUND DAVID SKLAR & ASSOCIATES BY GOOGLING "BANKRUPTCY" (EARLY NOV. 2021). ON NOV.4, 2021 I HAD A MEETING WITH CORI NARON AT HER OFFICE AT ST CLAIR ANDBATHURST. HER POSITIVE APPROACH TURNED ASTRESSFUL SITUATION INTO A STEP BY STEP UNDERSTANDABLE PROCESSON SEPT. 23, 2022 I OBTAINED MY AUTOMATICDISCHARGE FROM BANKRUPTCY AND MY CERTIFICATE OFDISCHARGE.THANK YOU CORIBRUCE BURGESS
bruce burg
21:35 02 Dec 22
Jerry was wonderful and provided superb service. He is very knowledgeable, trustworthy, and made an intimidating and shame filled time in my life stress free. I hesitated for a long time to take the next step, but Jerry answered all questions, was patient and made the process effortless. I am eternally grateful, and highly recommend Jerry’s services.
M J
18:41 01 Dec 22
Jerry was professional and was easy to deal with
Debbie Asquith
00:09 29 Nov 22
I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
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We know this is stressful, but you’re not alone. It’s going to be okay. 
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