As we’ve discussed, debt has become the new normal for Canadians. But why? We live in a society where it seems impossible to live without putting ourselves in debt. To buy a house, most need to take out a mortgage loan, which many people spend years, even decades paying off. For some of us to pay the expenses of everyday life, we need to use credit cards to pay costs such as food or utilities. According to a recent study, 30% of Ontarians say they plan to take on more debt to pay bills over the next year due to the effects of the pandemic. Debt has become a way of life. But what if we told you it didn’t have to be?
That’s right. What if we told you that you could live a debt-free life? Well, it’s possible, and we’ve helped thousands of Canadians accomplish this. It all starts with you.
A debt-free life is possible – and this is how we will help you do it.
Get out of the mindset that dedicating your income to debt is OK.
We’ve been programmed to think that debt is OK. However, try to see your debt from a different perspective. You work hard for your income. You have spent countless hours working every day to make a living. Now when that workday is done, where is that income going? If the first thing you think about is your debt, that isn’t OK. If that money isn’t doing anything for you, that isn’t OK. Paying off a couple of small bills is one thing, but if you dedicate a large chunk of your monthly income to your debt, there is a problem.
You only get one life. Do you want to dedicate the majority of it to your debts? I think all of us can agree that we wouldn’t. But the reality is that we are. Many Canadians live their lives day in and day out, paying their debts. Once we break this cycle of thinking, then we can begin to act and take the proper steps toward becoming debt-free.
Make debt OK to talk about.
How often do you discuss your financial obligations with your friends or family? There’s a good chance that many of you reading this right now never have, or have rarely, talked about your finances with other people. That’s because we’ve made finances and debt an incredibly taboo subject in our culture. When the waiter brings your bill to the table, they bring it to you upside down so others can’t see it. When you were raised, you were taught that asking people about their financial situation is rude – regardless of if it was good or bad, even with your own family.
That is why many Canadians have difficulty admitting when they need help with their debt. Only 5% of Ontarians plan to seek professional advice to discuss their debt relief options. Do you want to be a part of the 95% of people unwilling to seek the right help to change their financial situation?
It’s important to remember a couple of things here. Firstly, you are not alone in your fight against debt. Millions of Canadians are in the same boat as you. So, the moment you start talking about your issues with debt, the more likely others will begin to share their story. Secondly, your finances are not a reflection of your self-worth. Don’t let your debt define who you are because it doesn’t.
Make a plan to start facing your debt head-on.
Now that you know your debt situation, it’s time to plan to move forward. How will you make changes to your everyday life to tackle your debt? What can you do right now that will positively impact your financial situation? Being aware of your debt will make moving forward a lot easier. Evaluate how much debt you owe and face it head-on. Start driving the right financial choices that will benefit your situation today.
Let GetMeDebtFree help find the right professional for you.
If you’re ready to take the leap and start working your way towards a debt-free life quickly, maybe we can help. At GetMeDebtFree, we have searched out who we believe to be some of the best and most ethical companies to help Canadians deal with their debt. With over a decade of experience and working with thousands of past clients, we think we may have some insight into this. So if the company does not pass our standard gold test, we will not recommend their services. If you want the best advice on dealing with your debt, fill out our contact form. We will be sure to refer you to a company we approve of. We do not mine your data or sell your information to companies. We are simply looking to connect people who are serious about dealing with their debt to a professional who is best suited to help make that happen. Start your debt-free journey today. Interest never sleeps.