Debt Mistakes to Avoid When Cash is Tight

Debt Mistakes to Avoid When Cash is Tight | DFI30

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Debt Mistakes to Avoid When Cash is Tight | DFI30 | Ep. 452. We know rising inflation is tough on Canadians. If your budget is getting tighter, you may be tempted to use credit (debt) to make ends meet, but that may not be a good strategy. On today’s podcast, Jennifer Kwon returns with some solid practical advice for what to do if you feel you’re living paycheque to paycheque and the dos and don’ts of using credit to get by. Jennifer and Doug Hoyes discuss common debt traps that should be avoided and what to do instead. They also help you think about the root causes of financial trouble so you can come up with good solutions. Tune in for a great discussion!
Related Links:
Dealing with Debt When Living Paycheque to Paycheque: www.hoyes.com/blog/dealing-wi...
Are Credit Cards Right for Credit Repair? • Are Credit Cards Right...
Buy Now Pay Later - Is It Debt? • New Buy Now Pay Later ...
Zero-based budgeting: How to Give Every Dollar a Purpose: www.hoyes.com/blog/zero-based...
#debtfreein30 #Debt #DebtMistakes #DebtFree #Cash #Money #GoodDebtSolutions

Пікірлер: 18

@stevehartman1730 Жыл бұрын

Im 70 n live on social security and SSI combined total of $933 month n no food stamps. It gets rough i have $9 till first.

@wellnesscanceradvocate8564 Жыл бұрын

The company I was going to go through called Debt Freedom wanted to charge me $3500 in fees. It was 0% but still that 3500 was one of my ccards balances. How is that saving the customer me money .

@DebtFreein30 Жыл бұрын

Sounds like you made the right decision and did not move forward with their "help." Thanks for watching and best wishes to your financial future!

@vulpixelful Жыл бұрын

I wish the US had a consumer proposal program as an alternative to bankruptcy. We have the similar consumer debt issues as Canada + high medical debt to boot.

@Savannah-ed4rv Жыл бұрын

Can you explain to me the name of your Channel, ",Debt Free in 30' ? Are you mainly trying to help people with a bankruptcy, what does it mean 30 weeks or 30 months? I don't know where to find that information and it's intriguing

@jl9159 Жыл бұрын

I think it may have to do with the time? Most of the videos seem to be around 30 minutes. Not really sure if that’s what the 30 is referring to.

@DebtFreein30 Жыл бұрын

It largely has to do with the business, you meet with us, in 30 minutes and we'll give a plan to become debt free. However, for the podcast, it is to help those before needing our services or can't make it to our offices. We do this weekly in approx. 30 minutes for each episode. Hope this helps. Thanks for watching!

@stevehartman1730 Жыл бұрын

Use cloth diapers.

@stevehartman1730 Жыл бұрын

Food and electric n meds are the big 3. Eat 2 meals day. Peanut butter sandwich as sack. Eat good breakfast n lunch just popcorn for supper maybe banana or apple. Cut back utilities.

@gaming_with_rex4031 Жыл бұрын

Sounds like a good way to lose weight too 😅

@user-hp9eg3gf6s 11 ай бұрын

don't have kids 🤣

@angelmission Жыл бұрын

I don't know your age, If you are 59 or older you may be a boomer! I might add that "Boomers" did not spend money on designer clothes, Starbucks, Internet, Gaming systems, Fancy cars, go in debt for college, eating out on regular basis! So, it is more than the economy, it is also flippant use of income!

@DebtFreein30 Жыл бұрын

kzfaq.info/get/bejne/a5l3nLigqsutpnU.html

@DebtFreein30 Жыл бұрын

Definitely not "flippant" use of income. ;)

@vulpixelful Жыл бұрын

You're very out of touch. Boomers didn't need smartphones or the internet to live when they were starting out. Now, even employers and government offices assume you have internet access, and a smartphone in a lot of cases. Luckily your opinion doesn't represent all boomers 😊

@Raymondeee 2 ай бұрын

The FED'S should be paying Lala_dispute1 a half a million a week for stopping these assholes! You are awesome at what you do and I wish there were more great people doing what you do! God Bless you! i subscribed a long time ago and love what you do and what you're doing, not only for seniors, but for everyone else too. I share many of your work to try to open up eyes and I hope it does. Thank you for your services to us all. From New Jersey

@Raymondeee 2 ай бұрын