How Canadians Can Get out of Debt and Save Money

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© 2016 Christine Victoria. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse   06/23/2016

ISBN: 978-1-5246-1569-7 (sc)

ISBN: 978-1-5246-1568-0 (e)

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CONTENTS

Introduction

Chapter 1   Assessing the Situation

How much do you owe?

Transfer, Consolidate or Negotiate

Credit Score Report

Chapter 2   Spending Analysis

What Type of Spender are you?

Expenses

Fixed Expenses

Variable Expenses

Chapter 3   Income

Wage/salary

Gifts

Freelance/Hobbies

Refunds and Rebates

Chapter 4   Monthly Budget

Fixed Expenses

Home Expense

Insurance

Other

Variable Expenses

Medical Expense

Living Expenses

Spending Journal

Chapter 5   Extra Income

Work

Declutter

Get Creative

Showcase your cooking abilities

Drive your way to more money

Sports

Pets

Landscaping services

Clean, Clean, Clean

Tutor

Write

Temping

Rent out

Recycle

Get paid for shopping

Chapter 6   How to save money

Housing Expenses

Phone/Cell Phone/Cable/Internet

Bank accounts

Food

Transportation

Clothes

Entertainment

Auto/Home Insurance

Textbooks

Fitness Classes

Water

Chapter 7   Savings

Planned Savings

Pay Yourself First

Savings Accounts

Postponing Purchases

Stay Motivated

Investing

Extra Money

Be Aware of Your Money

Emergency fund

Education Savings

Home Savings

Retirement Savings

Tax Refund

Chapter 8   How to grow your savings

What Type of Investor are you?

TSFA (Tax Free Savings Account)

Esavings

GIC (Guaranteed Investment Certificate)

Mutual Fund

Stock

Bonds

Canada Savings Bond

Chapter 9   On-Going Financial Maintenance

Every day

Every Week

Every Month

Every Year

Conclusion

INTRODUCTION

Random people are knocking at your door. The bills keep piling up. Letters keep filling your mail box. You have creditors calling you at work and you don’t know what to do. It all seems so overwhelming and the idea of being debt-free seems like a distant dream. I am here to tell you it is not. I owed well over my credit limit. This debt grew since I came out of school and increased with consumer debt from mindless spending. I then said enough was enough and decided this was no way to live. You too can feel the bliss of not owing but actually saving. What is better than having money in the bank and being able to reach your financial goals and dreams?

The primary audience for this book are people who are in debt. This can be students with education loans, adults with mortgages or senior citizens wanting to retire but not knowing how. It is also a great guide to those who just want to learn more about their finances and find ways to save or make more money. Whatever your endeavor, this book is the answer.

You will learn to analyze your spending and effectively budget. You will shift from owing to being a saver. You will learn new ways of generating income and find out how you can grow your money. I guide you step by step on how you can improve your financial situation. In addition to supplying you with practical tools and tips. I have added informative questionnaires that will help you learn more about yourself. I will teach you by giving you weekly goal objectives that will help you to get closer to your dreams.

I have simplified your goal of being debt free and have broken it down into 8 simple steps.

Step 1 (week 1 & 2): Calculate how much debt you have

Step 2 (week 3): Add up all your expenses

Step 3 (week 4): Find