Balance your budget
To have and follow a budget limits the risk of having financial difficulties. Go to our “On-line Budget” tool to build and work on your own budget.
The goal is to:
- Cut unnecessary expenses;
- Postpone non-essential purchases;
- Focus on repaying debts with the highest interest rates;
- Analyse opportunities to sell non-essential assets (ex: a second car).
These adjustments may solve a particular problem such as facing an unexpected major expense. In other situations, it will allow you to evaluate your ability to repay your debts and to consider a consolidation loan or a Consumer Proposal.