“Has your New Years resolution of dealing with your debt this year already hit a brick wall? Here is how to get back on track”
We all have the best of intentions every time a new year rolls around. “This year I’m really going to focus on…” sound familiar?
As we rang in 2016 many people felt motivated and empowered to deal with their debt once and for all. What better reason than a new year! It’s a fresh start to tackle this problem and get onto the path of being debt free.
As you forged on through January and February with a stern focus on paying down your debt maybe you start to make a little headway, or maybe 2016 throws something at you that you weren’t expecting. An emergency with the car, a higher cell phone bill then expected… Either way here you are 2 months into the new year, and not getting that debt paid down as fast as you wanted. What happened? How do you get back on track?
Lots of people try very hard to throw as much money as they can against their debt. The debt repayment road may be paved with good intentions but finding freedom from debt is never easy. Your Creditors make sure of that. Interest rates, fees, and dizzying minimum payments can continue to grow and make your situation worse.
One great tip in paying down your debt is to make a small change. Take one small habit at a time and modify it. Don’t cut it out completely just change it a little. For example, instead of buying a coffee a day change to 2x a week. You still get a little of what you want, and your bank account does too. A few small changes like that add up to a surprising amount at the end of the month that can go towards paying down debt.
If you feel as though your plan for dealing with your debt this year has really gotten off track then feel free to get in touch with me. I can identify for you the best way to restructure your debt and reduce it up to 80%. The solution to get you back on track could be debt consolidation, a consumer proposal or as a last resort bankruptcy. I will share all your options with you and truly get you on track to being debt free this year.
4 Pillars Debt Solutions works for you, not your creditors. In fact you could be debt free within 5 years and only pay one small monthly fee at 0% interest. It doesn’t stop there though… I then help rebuild your credit. Let me help you get on track and help you regain your financial health for 2016.
Jennifer Virani is North Vancouver’s Debt Specialist and she can be reached at 604-612-9211.
