Planning for Unexpected Money

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Planning for Unexpected Money

What did you do with your HST Transition Benefit cheque from the Ontario government?

  • Did you use it to pay down your credit cards?
  • Did you put it into your Tax Free Savings Account?
  • Did you apply it to your Financial Goals?

If you said yes to any of the above – good on you!

However, if you were like many in the Greater Toronto Area, you have little or nothing to show for it.

Here is the good news, there will be two more chances for you to make the most of your Ontario HST transition funds. In December 2010 and June 2011 two more series of HST transition cheques are scheduled to be sent out. Now is the time to plan ahead for how you can best manage these ‘gifts’ from our provincial government.

Windfall Planning

Having a plan in place for unexpected money windfalls sounds like a contradiction in terms – how can you plan for something that is unexpected? And if the windfall is relatively small – how can you resist the temptation to spend it?

We have all been there – suddenly we have a little bit of money we had not expected and we are torn. Our budget is in place and we are on track with our financial goals – so why not spend it? The answer is one of those ‘grown-up’ things that the child in all of us resists: in the long run, we are better off if we apply windfall money directly to our financial goals.

When you determined what your financial goals are, you went through a thoughtful process that identified what your really wanted your money to do for you. You have already established the importance of your financial goals, now what you need to do is make a firm commitment to apply all future ‘unexpected’ money towards your goals.

Looking beyond the immediate gratification of spending unexpected money can be a challenge – but if you have committed yourself to putting it towards your financial goals, the right decision has already been made.

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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