What Does It Really Take to Live Debt Free?

If debt is weighing you down, if creditors are calling you constantly, or if your wages are being garnished, then you know that it’s time to take serious action against your debt.

For those who live under the shadow of debt and have lived with debt for a long time, the promise of a debt-free future seems too good to be true. But what’s really the truth?

The truth is that debt-free living is possible and achievable with the right amount of guidance, planning, and commitment.

Where can you start with getting this guidance? You can contact your local David Sklar & Associates office where an empathetic and knowledgeable trustee can evaluate your situation and give you a professional opinion on how to proceed. Living debt free is possible, especially with the right amount of support.

A Little Help

Say you have a fitness goal you want to work towards. Your goal is to complete a triathlon, which you’ve never done before, by the end of the year. How would you go about planning your steps to accomplish this goal? Would you just start exercising with no changes to your diet? Would you train only once in a while, whenever you felt like it?

Like any motivated person, you would probably seek out some resources or help. You’d get a professional opinion on what changes you need to make to your diet and how you can develop a training schedule. You’d book check-in meetings with a trainer to keep yourself accountable.

When your goal is to get out of debt, why wouldn’t you take a similarly proactive approach and get outside help? Living with debt is so common now that you really do not ever have to feel like you are alone. If you want to plan for debt recovery but don’t know how to come up with a plan, then credit counselling could be just the thing you need.

Team Up with the Pros

As Licensed Insolvency Trustees (formerly known as bankruptcy trustees), we can help you live debt free through careful counselling and strategic planning. We invite you to learn about our debt management services, consumer proposals, bankruptcy, and the pros and cons of each so you can start to envision a solution to your debt situation.

If part of getting on track towards a debt-free life involves filing a consumer proposal or filing bankruptcy, you should note that only a bankruptcy trustee can file for those processes. As such, they’re highly equipped to give you the direction you need for living debt free.

living debt free

Come Up with a Plan

This step towards a debt-free life is one that cannot be missed. Whether you’re still unsure about bankruptcy versus consumer proposal to tackle your debt, it’s the process of deciding and committing to action that matters the most.

Once you have a plan of action to negotiate with your creditors, it’s time to come up with a budget for how you will make your payments and how you will continue to cover living expenses. To live without debt one day, you have to commit to the process of getting there, the hard work, and the realistic living that it takes to get there.

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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Ready to live debt free?

I cannot emphasize enough how thankful I am for Jackie Stanley's help with filing for bankruptcy.All of us dread being put in this position and we have a million questions about the process but trust me Jackie makes it so easy for you that you don't have to do anything yourself!She is very kind and friendly and puts you at ease right away. She emphasizes with you and let's you know it's not your fault.Most importantly when you leave that first meeting you will not believe the load that is taken off your shoulders. You can actually feel it!You are a godsend Jackie and I can't thank you enough!!I hope you are highly valued there as much as you are by me!
Sue Murray
18:45 05 Dec 21
Putting together and executing a Consumer Proposal can be daunting, that is unless you work with Cori Naron at David Sklar & Associates Inc. Cori's advice and support has been instrumental over the past five years. Thank you Cori!!
Barry Kuntz
20:37 01 Dec 21
I’m very happy with the services I received for Jackie Stanley who helped me get my finances in order. It was a quick and easy process & all of my questions were answered.
Amanda Frappier
01:18 19 Nov 21
I have had the privilege of being supported by Jackie at David Sklar Associate. She was very helpful, very professional and very friendly. She gave me the help I need. Thank you Jackie for your help.
Alex Taylor
22:03 17 Nov 21
Got my probe solved, great service
arny raposo
17:02 11 Nov 21
Jackie at Daivid Sklar and Associates is such a pleasure to work with. She explained everything in great detail and is always there when I have a question or concern. She really cares about her clients.
Steve Medica
09:33 10 Nov 21
I filed a proposal with another group, which came in as a referral from one of my brokers. My experience went from ok to bad to worse, due to lack of communication and education on the process I was to embark on. I worked with Cori Naron in the past, and I came to her now for help on literally doing the work that the other group should have done. Cori stepped in, educated me, advised on rights, responsibilities, how the process works and what potential outcomes may happen. I do not have enough words of recognition and gratitude for what she did - she alleviated stress, anxiety, dead-end thoughts and she made me live again. Congrats to DSklar for hiring her and retaining such talent.
Giani Kokolakis
18:45 25 Oct 21
Very professional service. Before contacting David Sklar & Associates i contacted bunch of other firms they seemed fishy. After I spoke with Jason Sklar at Hamilton Office I discovered professionalism with hope. I was explained every step of my situation with solution professionally. Thank you David Sklar & Associates.
Wajay Awan
07:29 12 Oct 21
I met David a few months ago and i am glad I did. He has helped me all the way through my bankruptcy with good advice and explained every step of the process. David is a very down to earth and very professional. Anytime I've had a question I was able to reach out to David by phone or email and he always got back to me. If your struggling with your bills and need a way to get help, I strongly recommend David Sklar &Associates to help you. My experience with them on 1-5scale would be a 5;; My life is so much better now, thanks to David Sklar.
Bruce Locke
16:13 08 Oct 21
I have had the privilege of being supported by Jackie S, at David Sklar n Associate.She was helpful, professional and friendly. I was able to get the help I needed at a difficult time in my life. I would recommend anyone who needs support with working out their debts to ask for Jackie, she will be waiting to assist however she can to help you through your debts. She works with a team who is always ready and responsive.Thank you Jackie and your team:)
Denise Simpson
15:17 09 Sep 21