Thousands of individuals across Canada are coping with financial stress, and addressing their increasing debt can be an overwhelming process. Personal debt has left them juggling bills, payments, and priorities without a clear path towards financial freedom.

Creating strong budget habits early in adult life is essential to building a pathway to financial independence. To start, you will need to learn to create a budget.

In less time than it takes to scroll through one of the streaming services to find your next series or movie to watch, you can focus on your debt and have a plan to keep it under control.

Between generations and over the years, our behaviours, attitudes and approach to finances have changed dramatically.

Compromised mental health is a concern for many reasons — including its negative economic impacts. At the same time, financial stress can certainly adversely affect mental health.

The first step in understanding your financial health is to understand how the rise of interest rates will affect your unsecured debts. The most common types of unsecured debts are lines of credit and credit cards.

It’s never too early to start saving for Christmas spending. The sooner you include this in your monthly budget, the easier it will be to manage those upcoming expenses and start the following year off without any additional debt.

This is part one in a six-part series on the rationale behind switching banks prior to filing for bankruptcy or kicking off a consumer proposal.

Debt is a financial tool. And like any tool, it comes in many different shapes and sizes to fit its purpose.

While taking on business debt is not inherently bad, like all debt, you must approach it from a prudent and practical standpoint.