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?

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!
Nilda H.
20:18 16 Jun 22
Very helpful and friendly! I am more than satisfied with my experience here. And more than happy with the outcome! Would definitely recommend .
Peggy Bulger
15:10 14 Jun 22
Jerry at David SKLAR helped me thoroughly understand my options and made me feel at ease. If you are looking at this type of service/help, I 100% recommend you give them a call.
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.
Aliya H
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
Patty Murphy
21:34 18 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
Debbie Livingston
01:24 11 May 22
Nothing but good things to say about Jackie. She was so nice and so understand and everything was so quick and easy. In a matter of a week, there was the solution that I never thought was possible. Thank you so very much for everything that you have done. ❤️❤️❤️
Cassandra Keenan
21:05 10 May 22
I was in a lot of debt and stress, Jackie Stanley with David Sklar & Associates was very professional, and extremely helpful with getting out of debt. I should of did this sooner, they take the all the weight and stress of a persons shoulders, amazing team at David Sklar & Associates!!
Hubert Z
03:08 10 May 22
Jackie helped me out during a really tough time and she made the entire process very easy and painless. I highly recommend reaching out to her if you find yourself in any financial trouble. You won’t be disappointed!
prettylush 13
02:42 10 May 22