Debt Solutions

By: Jasmin Brown Licensed Insolvency Trustee, BDO Canada Limited

Jasmin is a Senior Vice President with BDO and works out of the Saskatoon office. Jasmin received a Bachelor of Arts in Spanish, a Bachelor of Commerce in Accounting and a Masters of Professional Accounting from the University of Saskatchewan. 

She is a Chartered Professional Accountant, a Licensed Insolvency Trustee and a Chartered Insolvency and Restructuring Professional

BDO First Call Debt Solutions 147-15th  Street East Prince Albert S6V 1G1  
Phone: (306) 765-3328 or 1-855-220-1705     
https://debtsolutions-princealbert.ca/

 

How Boxing Day Sales Can Impact Your Debt

December 12, 2018 - 8:05am

BOXING DAY SALE!

These words in an email can make all the difference between clicking on that link or hitting “delete”. However, for Canadians in debt, these are words you may want to ignore.

Retailers use sales like Black Friday and Boxing Day to lure customers in, even when the deals aren’t so great. The problem is, a significant number of Canadians just cannot afford to add to their debt loads, even in the name of a great deal.

How to Budget for the Holidays When You Have Debt

December 4, 2018 - 9:24am

Getting caught up in the holiday spirit is easy to do — you can’t walk into a coffee shop or turn on the radio without encountering signs of the season. For Canadians living with heavy debt, the holidays present some real challenges.

Getting caught up in the holiday spirit can mean overspending, which can inevitably lead to more debt. According to a 2017 pre-holiday spending survey from CIBC, almost two-thirds of Canadians felt that their holiday spending was out of control. About half (52 per cent) predicted they would exceed their holiday budget.

How to Make Parenting Affordable When You're in Debt

November 15, 2018 - 2:29pm

Clothes, food, field trips, eyeglasses … there seems to be a never-ending list of expenses when you are raising a family. It is easy to turn to debt to fund the gaps where your income doesn’t stretch. According to BDO Canada’s Inaugural Affordability Index survey, this fact rings true for parents all across Canada who carry a higher debt load.

But it doesn’t need to be this way. You can make small changes that will help you whittle away at those debt balances while making life more affordable.

Here are 3 things you can do now that will improve your affordability:

Are You Relying On Debt to Get By?

October 29, 2018 - 1:06pm

What do 30 per cent of Canadians have in common? They are feeling overwhelmed by their debt. In fact, many individuals and families are finding it difficult to get by financially and end up relying on debt to fill in the gaps. This, and other findings, are part of BDO Canada’s recent Affordability Index survey focusing on just how affordable it is to live in Canada.

Are you relying on debt to get by? Does your debt stress you out?

How to Get Help with Your Debt

October 15, 2018 - 2:23pm

Canadian families are carrying a lot of debt.  In fact, the average non-mortgage debt in Canada is just under $20,000. Just recently, we published our Affordability Index poll, which showed some alarming results: 36 per cent of Canadians surveyed said essentials, like heat and water, are challenging costs to cover. For families who are already struggling to cover monthly costs, having debt can make affording even the basics very difficult.

Are You Struggling With Credit Card Debt?

October 1, 2018 - 10:01am

Dealing with credit card debt month after month, and even year after year, can be a real struggle. Many admit that their debt is so out of control that they don’t believe they will ever be able to pay it off, and carrying debt on a credit card can be dangerous to your financial health. Missed or overdue payments can affect your credit score, which can impact your borrowing abilities down the road. If you are trying to reduce your debt and pay those cards off, here are a few things to keep in mind.

4 Simple Tips to Reduce Your Debt Load

September 13, 2018 - 2:00pm

It’s no secret that discussing debt is an uncomfortable topic for many people. It raises a litany of emotions around having lost control and feeling unable to catch up. Whether you have accumulated debt because of student loans, emergency car repairs, family vacations, unforeseen expenses, health issues or other reasons, it is critical to know how to manage and reduce your debt to improve your overall financial health.

How to Make Reducing Debt a Priority During Back to School

August 29, 2018 - 12:44pm

Back-to-school season can be quite a hectic time for parents with new schedules and activities to coordinate. However, with kids heading back, it can also bring a sense of routine back into your daily life, which makes it a great time to focus your efforts towards managing and reducing your debt.

Take advantage of a more predictable routine in September to get your finances organized and updated. Here are a few steps to help you get started:

3 Ways to Help Your University Student Manage Their Student Debt

August 21, 2018 - 12:29pm

For many young adults, the post-secondary years signal the beginning of financial independence. While that can be exciting, it can also be a little overwhelming. The cost of living is high, money is often tight and tuition is continuously rising; which means that debt can add up quickly.

Here are three tips to help you as a parent get your university student off on the right foot, and stay in control of their finances throughout their university years:

Help them follow a budget

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