Why Is It Important To Reduce Debt In Ontario?

• The debt-free pessimist thinks someone who is experiencing debt only got there through foolishness; by living beyond their means.
• The debt-free optimist thinks someone who is debt simply didn’t know how to create and stick to a proper budget.
• The debt-free pragmatist knows we are all just one unfortunate life away from possible financial chaos.

Nobody likes to think worst-case scenario, especially when it verges on the morbid like the death of an immediate family member, or when it means heartache like a divorce. As such, avoiding the thought of these scenarios, and several others that could cause both immediate and long term devastation to one’s finances means that people are also avoiding thinking about being as prepared as possible should the worst come to pass.

Although some people do have emergency funds set aside, the maximum is usually only enough to get by for six months or so provided no extra bills are incurred. What happens after those six months? Alternatively, what happens when there is considerably less in the savings fund, or no savings at all?

The reality is that many people are living paycheque-to-paycheque and are not as aware of their finances in the big-picture kind of way that is necessary for long term planning.

How can you take charge?

To take charge you can create a reasonable, sustainable budget. However if debt already involved that complicates things considerably when trying to organize your finances to work towards a goal like creating an emergency savings.
In order to clear up debt in a timely fashion and be able to add more money to savings many people have turned to mortgage refinancing to help. This type of mortgage product offers both quick funding now and possible future savings every month going forward through new lowered interest rates and the opportunity to switch to a variable or fixed rate. Speaking with a top mortgage professional will help you make the best decision for your current financial situation as well as for your long-term goals.

There is an online shopping platform that will help with not only budget and facilitating a connection to a top mortgage professional for mortgage refinancing, but also provides BIG rewards to members for doing so.

The creator of Shop2Save recognized that individual consumers are at the mercy of big companies as far as being able to get the best possible deals, and also saw that most typical loyalty programs offer very little at the end of the day and as such sought to create a discount shopping program that does more. Thus, Shop2Save came to be. It is an innovative discount buying platform that harnesses the power of the crowd to leverage volume-based pricing that is generally reserved for big companies buying wholesale. The Shop2Save loyalty program also offers big cashback rewards when members shop through the site. For every dollar generated by members 45% cashback is deposited into their online e-wallet. Shop2Save also collaborates with several of the most trusted household names in Canada in order to help members also earn cashback rewards when they need to shop for home and auto insurance, real estate or finance products like mortgages, mortgage refinancing or reverse mortgages.

Visit Shop2Save today to see how they can help you take charge of your budget, reduce debt in Ontario, and get rewarded for doing so along the way. Becoming a member is both simple and free!