Special Events

Financial tips and tricks to help you get the most out of your special day.

Are Your Debts Haunting You? Overcome Your Fear of Debt and Become Debt Free

Overcome your fear of debt and don't let your debts haunt youEveryone has something they’d rather not face — whether it be credit card debt or a missed mortgage payment — and Halloween can sometimes bring out the worst of our financial fears, especially with the holidays just around the corner.

But what if you’re already living your worst fear?

Being scared of debt is understandable, but if you’ve been spending more time lying awake at night and worrying about your bills instead of sleeping, it’s time to overcome your fear of debt.

Overcome Your Financial Fears

Brush the cobwebs off your bills and statements and face your financial fears head on. Set aside some time to have a thorough look at your finances so you can determine how much you owe, and who you owe.

It may be scary, but by confronting your fears now, you’ll be in a better position to make some changes so you can overcome your fears and become debt free.

Establish a Budget Using This Free Budget Calculator

Most households have a toolbox of a few essentials – a hammer, a few nails, a screwdriver – and a budget should be in there too. You can’t live within your means if you don’t know what they are, so create a realistic budget and put that worry to rest.

A budget is just a plan—and let’s be clear, it’s a plan for spending money. Some of the money you’ll spend now, like for rent or food, and some you’ll spend later, like for clothing, vacations or buying a new car. A plan that allows you to spend your money and save for the less regular expenses puts you back in control.

If you’ve never made a budget before, here is a free budget calculator that will help you get started.

Make a Plan to Get Out of Debt

Continue to whittle away at your fears by planning how to pay off your debt. You can’t face what you don’t see, so bring your bills out from the shadows. Grab all your statements and bills, and calculate how long it will take to pay off your balance if you only make the minimum payment. If you weren’t horrified before, you should be now!

Make a plan to deal with your debts by figuring out how much you owe, and how much you can reasonably – and consistently — pay. If you can afford to pay more than the minimum payment, the faster you’ll be able to pay off your debt.

Get Free Debt Help

If you’re still struggling with getting your debt under control, we’re here to help with your debts. We offer free debt help, and our accredited counsellors can help you go through your finances, consider all your available options, and determine the best solution for your financial issues, all at no cost.

We help hundreds of people every day, so as far as ghosts in the closet go, financially speaking, we’re experts.

As you have some spooky Halloween fun, think about making those bills just a ghost in your past. 

 

Related article: How to Overcome Financial Problems and Difficulties

<<Back to the Blog

 

Need expert help?
Looking to get back on track?
Get started today by making an appointment to speak with one of our credit counsellors. We’re happy to answer your questions and help you. All of our appointments are free, confidential and non-judgmental.

Related Articles

Budgeting Guidelines

A breakdown of categories for your budget and how much to spend on each type of expense.

Track Your Spending

An essential part of building a budget is tracking how much you actually spend. Here’s how.

Credit Card Debt

Here are 10 tips that will help you deal with credit card debt and pay it off as quickly as possible.

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *