152 - How to Plan Your Debt Relief

Statistics show that Canadians are falling deeper into debt. With high inflation and interest rates, most of us are under a lot of financial pressure as we combat the rising cost of living. Carrying debt can put a strain on our financial health and emotional well-being but It can be hard to find the right debt relief solution.

Licensed Insolvency Trustee, David Macdonald tackles this problem. Having a plan to cut your debt is the first step to becoming debt free. In this podcast David discusses:

The negative connotations toward the word ‘budgeting’Accurately identifying your expenses and income Free resources to improve your financial literacyBudgeting apps that can make your life easierThe most important things NOT to do to try to lessen your debtWhen it’s time to talk to a professional

Licensed Insolvency Trustees can help you get your finances back on track. They are considered some of the best debt professionals in the country and the only ones licensed by the federal government of Canada. 

About David Macdonald

David Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA. 

David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations. 

Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeCan A Debt Management Plan Get You Back On Track?Debt Relief Options To Help You Get Out Of Debt Today