Category: Tips for Money Management

What’s the point in budgeting? 

June 17, 2024

Think about it, what is the point in budgeting unless your spending is out of control, or you have no idea where you money is going? The people who would benefit most from budgeting are the wealthy, those with superfluous income and spending control problems.

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Rates, Prices, and Wages

May 24, 2024

Change your focus, shift your priorities for home ownership. Rates, Prices and Wages are in reverse order, currently rates remain at an historic low, prices are far too high and wages way to low.

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Budgeting Perspectives

we like helping people
November 15, 2022

Budgeting can be used to help you plan a strategy to deal with problem debts. It is important that your budget is a fluid, fluxuating tool that helps predict future spending events.

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Community Resources

people jumping at sunrise
October 20, 2022

There comes a time for all of us when we need some help, but which way to turn – we hope this short guide provides useful contact information.

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Drawing of house
August 24, 2022

Mortgages are investments for mortgagees (lenders) they can be a curse for mortgagors (borrowers). Some mortgages are simply highly charged emotional debt traps for consumers. After all, if your car were heavily leveraged you might sell it and walk for a while, but selling your house means you have nowhere to live.

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Reduce Debt by 85%

Tom Locke - Insolvency Trustee in London, Ontario
August 16, 2022

Consumer Proposals are a great way to reduce the face value of your debt. It is possible to save 85% or more off the total amount of your debt.

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Debt Trap – exaggerates inflation

Tom Locke - Insolvency Trustee in London, Ontario
August 9, 2022

Many Canadians are living in a debt trap, Candians of all ages and income levels are impacted by the enorrmity of consumer debt – we have a solution.

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How to Avoid Bankrupt – some strategies to consider.

Tom Locke - Insolvency Trustee in London, Ontario
June 10, 2022

While bankruptcy is not the only option we offer people struggling with debt, it is understandably the option that people want to avoid the most.

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Wealth and Savings – where did it all go:

Tom Locke, Licensed Insolvency Trustee
June 9, 2022

The media has been rife with stories about Canadian wealth accumulation, how much of the hyperbole is just smoke and mirrors? You may feel well off because your house is worth twice as much as you paid for it – but let’s talk after you’ve sold it!

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Budget Cutting – Expense Categories

Tom Locke - Insolvency Trustee in London, Ontario
May 31, 2022

When it comes to budget cutting, as prices continue to escalate, make sure you are cutting the proper expenses.

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If I had a better credit rating…

Tom Locke - Insolvency Trustee in London, Ontario
April 20, 2022

Oh, if only I had a better credit rating….

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Kick the debt habit

Karate kick
March 9, 2022

The best way to kick any habit is to develop a new habit to replace it. We can help you understand how and why you were vulnerable to getting into debt and we can help you get out of debt – call us 519-646-2222

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How do I get my credit back?

Tom Locke, Licensed Insolvency Trustee
February 16, 2022

We have posted a lot of articles on this topic – this one takes a slightly different view and asks you to think a little more about how you should use credit and why you need it in the first place.

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Wear it all goes – clothing costs

Average monthly cost of mens clothing
December 8, 2021

Budgeting can be a very useful tool – for some families budgeting is more challenging than for others. Wealthy families don’t really care about budgeting as long as the inflows are greater than the outflows. Poorer people need to pay more attention to their monthly spend.

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Debt Reset – and Build Back Better

Tom Locke - Insolvency Trustee in London, Ontario
September 23, 2021

Reset your debt and build back better – start again, fresh! No more debts, build assets instead.

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Rebuilding Your Credit

July 22, 2021

If your credit rating took a tumble, either by filing an insolvency prceeding or just getting behind on payments – you can rebuild. 519-646-2222

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Improve Your Credit

April 14, 2021

Are you concerned about your credit score? There are some simple steps you can take to review and improve your credit standing.

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DIY Debt Reset

March 8, 2021

If you are going to go it alone with resetting your debt, here are a few important considerations.

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Change Your Bank Accountant

February 11, 2021

There are many good reasons not to bank where you owe money – your banker would not agree, but the issue is one of who controls your money.

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Demasiada deuda

November 26, 2020

¿Cómo saber si tiene demasiada deuda? ¿Existe un valor umbral?

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