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Debt Can Make You Scream In Horror

Vampires, ghouls and werewolves scared us as children but as adults we tend to be more scared by our finances – don’t hide under the covers this Halloween and face a few money fears head on!

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Trapped by debt

Credit cards, student loans, car loans………… It can seem impossible to escape the continuing stress and can lead to problems with your physical and emotional wellbeing. Mental anxiety and stress over financial wellness can manifest into physical symptoms like headaches and heart problems. Carve out some time to review your overall debt and if it seems overwhelming, call Hardie & Kelly for a free consultation to review the options available to solve your debt problems.

 

Interest charged on debt

Interest is charged when borrowing money. The higher the interest rate, the more expensive the loan is and the more difficult it is to eliminate the debt. Payday loan and cash loans are usually scarier than the worst ghoul or goblin.

 

Budgeting

It’s often looked at as depriving yourself of good time, but in fact it can be give you the tools to plan financial freedom. Small steps can lead to budgeting success so start with a weekly then a monthly budget.

 

Not being able to retire

Plan early and you can face this fear without pain. Prioritize your future over current spending. Save monthly and max out your RRSP limits.

 

Call Hardie & Kelly today to find out how we can help eliminate your family’s debt.

 

Sources:

https://www.debtcanada.ca/library/credit-rating-101

https://www.thebalance.com/reasons-debt-is-bad-960048

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