Debt Management

When not managed correctly, debt has the potential to negatively impact every aspect of your life. Money troubles can put relationships under strain, impact work performance; even lead to serious health problems.

A good debt reduction strategy will allow you to repay your debts affordably while still being able to meet your everyday living expenses.  This usually will consist of us working with you to restructure your current debts to manage your payments more effectively.

One of the most common questions we are asked is this: “If you had $10,000 would you pay it off your mortgage or invest it?”  Answering the question can’t be done without modelling the financial outcomes based on your particular financial situation.  We’re not here to prescribe a particular course of action to you. We’re here to provide you with enough factual and logical information so that you can arrive at your own decision.  Many people make decisions based on emotion, and that’s fine. Our job is to take out the emotion and replace it with firm numbers that you can work with.

We will provide you with definite and specific advice on debt reduction and sometimes the answer will be to pay off the mortgage, sometimes not – but all the time we’ll have the numbers to back up the advice. With the right Debt Management strategy in place, you can stop worrying about money and start a confident tomorrow and a positive legacy for your family into the future.