133 - How Do I Pay Off Debt When Living Paycheck to Paycheck

DebtMatters Podcast

English - January 02, 2024 09:00 - 19 minutes - 17.9 MB
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Previous Episode: 132 - Canada's Food Price Report Predicts Prices Will Rise - What You Can Do

Next Episode: 134 - Buyer's Remorse In Canadian Housing Market

The latest polls have found that nearly half of Canadians are living paycheck to paycheck as the cost of living continues to rise. Household budgets are getting squeezed causing debt levels to increase. Once you find how much money you need to stay on top of your expenses, you’ll either need to make sacrifices or find a way to increase your income. Licensed Insolvency Trustee, Matthew Fader discusses options and strategies to break the cycle of living paycheque to paycheque. He covers:

Where to startThe psychological component of money managementIdentifying recurring and occasional expensesIs the shortfall is due to spending issues or insufficient income Pros and cons of consolidation loans versus a line of creditConsulting with an LIT to help evaluate your options and find a solution

Licensed Insolvency Trustees are considered to be the best debt advisors in the country and the only ones licensed by the federal government of Canada. They can help you navigate a path forward to becoming debt free.

About Matthew Fader

Matthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect.

Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee My Paycheck Never Lasts: Tips For Budgeting To Cover Bills A Budget Plan Prevents You From Living Beyond Your Means