Get out of Financial Problems thanks to the Consumer Proposal
Over the past few years, thousands of clients have taken the necessary steps to resolve their financial problems by using the consumer proposal.
In order to benefit from the effects of the consumer proposal, these people met three conditions:
- Insolvency: They were obviously insolvent, so they had more debt than property.
- Help: They consented to receive help.
- Free consultation: They benefited from a free consultation with an advisor from RKillen associates.
Don’t be Shy to ask for Help
It all starts when you agree to talk about your financial problems and receive help. It’s normal to feel embarrassed by your inability to repay your debts. Certainly, the collectors of the collection agencies will do everything possible to cause this discomfort.
This is often their only weapon to obtain payment. Often, repeated phone calls from tax collectors will push you to close in on yourself and live your daily anguish alone.
Debt solutions are easier and more accessible than you think
Often they are around you without you knowing it. Indeed, often people around you have experienced, before you, the same financial problems that you are experiencing.
Unfortunately, those who have already been there don’t tend to talk about it. They prefer to keep this experience for themselves, even if their testimony could nevertheless help you.
In fact, tens of thousands of Quebecers experience situations of indebtedness and insolvency every year.
Financial Resolutions for the Year 2022
Like every year, the frenzy and festivities of the end of the year inspire change, and certainly like many Canadians, you may be planning to make some financial resolutions for the New Year.
According to experts, the year 2022 could be difficult. It is therefore wise to take advantage of the New Year to make some resolutions: why not take advantage of it to improve your financial health by setting goals to achieve?
Here are some easy-to-implement ideas that will do your Finance Good in the Long run
- Establish a budget:
It’s the ultimate way to control where your money is going. By establishing your budget, you will finally be able to know where and how you are spending your money, and, above all, in what proportions. You will be able to decide how much you will allocate monthly to the different items of expenditure that you must honor.
Budgeting takes some planning, especially for the first time. Do not hesitate to consult the article that we recently published on this subject. If you have any questions, contact one of our advisers. They can help you in this process. It is a decision that will benefit you. To do this, you can use our online budget.
- Set up an automatic savings program:
It is well known, not a month goes by without an unforeseen event causing us to spend more than we had planned. Instead of turning to buying on credit to deal with it, why not get a little head start?
Every month or every paycheck, transfers a certain amount to a savings account. This will allow you to have peace of mind knowing that you are not completely helpless in the face of the unexpected and, above all, not to find yourself caught in the spiral of debt.
- Review your lifestyle:
Many people live beyond their means, mainly because they have access to credit, which gives them the illusion of being richer than they really are. Have a credit card can be an advantage, especially when you have one that is adapted to your consumption style and you pay the balance in full each month, thus avoiding paying interest.
However, many people see the credit card as money that adds to their income, increasing the amount they have available each month, which can be dangerous for their financial health. Take advantage of this desire for change that drives you to reduce your non-essential expenses.
The money thus flushed out could be used to pay your debts or replenish a savings account. Who knows, maybe you could finally afford this trip to the sun, without having to borrow money to finance it!
- Clean up your finances:
If you have debts that keep you up at night, resolve to overcome them by regaining control of your money. Whatever the nature of your debts or their magnitude, your situation may not be as gloomy as you see it, and solutions adapted to each situation exist.
Speak to one of our RMR advisors. They are experienced professionals who can accompany you in this liberating process. It would be a great start for you to start the New Year on the right foot!
You deserve to take full advantage of your hard-earned money. If you don’t know where to start to put in place strategies that will allow you to improve your financial health, make an appointment with one of our RMR financial recovery advisors. Our expertise will allow you to regain control of your money.