You’ve tried budgeting to cut costs and save money, in the attempt to reduce debt on credit cards but it was just too late. In Hamilton, with the financial struggles imposed by the pandemic combined with cost-of-living prices rising rapidly it’s easy to feel overwhelmed.

Many people are looking for quicker ways to get back on track. One of these ways is with mortgage refinancing. It’s a fairly simple process where you renegotiate your mortgage in order to get a large sum of cash in order to reduce debt on credit cards, loans and other bills. It’s a common way to free up cash, and in addition to paying off bills, a lot of people also choose this option to finance home improvements. When refinancing your mortgage you may also have the opportunity to lower your overall interest rate in order to save further money each month going forward.

It is important to keep in mind though, that although mortgage refinancing is a good way to free up cash to reduce debt on credit cards and other financial obligations, it won’t be enough to keep you in the free and clear if you don’t take proper precautions to avoid running into the same problems in the future.

Going forward, the best way to never face a debt problem again can be as simple as making a budget and sticking to it. It’s actually quite astonishing to discover just how many Canadians aren’t financially literate through no fault of their own. If you’ve never had to worry about money or debt, taking the time to look over past spending habits, knowing the importance of having a budget, or even how to create one would never occur to you…until it’s too late.

Once you’ve made a budget that is goal oriented (staying debt free, creating an emergency savings fund, etc.,) and crafted it to be sustainable and reasonable enough to follow, you can then begin to look for other way to cut cost and save money.

Shopping smarter is key. Many people spend hours price comparing, or poring over flyers to find coupons or promotional events. These are great strategies, but they also require time that could be better spent elsewhere. And honestly, unless it becomes a fun hobby for you, it can get real tedious, real fast.

Discount membership programs are a great option because the savings and discounts should require much less hunting, although that is not true of them all. In fact, many of them actually require a shrewd eye and some calculation to see if the deal offered is actually better than in other places.

There is one discount membership program that offers many, many advantages over others:

• Free membership
• No annual frees
• Discounts based on crowd volume purchasing (not on promotional targets)
• BIG reward cashback dollars deposited directly into your online e-wallet that can be spent immediately and with no minimum attached.
• Further rewards for you after referring others to the program
• Regular donations to children’s hospitals in Canada, generated simply when members shop
• Additional rewards for arranging products or services through high-end collaboration partners for services like home and auto insurance, real estate transactions (ReMax) and financing (Dominion Lending Centres)

This program is called Shop2Save . Why not save money AND earn big cashback dollar rewards when you reduce debt on credit cards through Hamilton Mortgage refinancing? Visit today to see how you can start working towards your goals!