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    How Canadians Can Get out of Debt and Save Money
    How Canadians Can Get out of Debt and Save Money
    How Canadians Can Get out of Debt and Save Money
    Ebook106 pages48 minutes

    How Canadians Can Get out of Debt and Save Money

    By Christine Victoria

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    About this ebook

    Getting out of debt is easy with this 8 step, 12 week plan. You will learn to analyze spending, create a budget that works for you, pay off debt faster and start saving money for retirement.
    LanguageEnglish
    PublisherAuthorHouse
    Release dateJun 25, 2016
    ISBN9781524615680
    How Canadians Can Get out of Debt and Save Money
    Author

    Christine Victoria

    Christine Victoria is a creative and uplifting author who enjoys spending her time reading and making crafts. She likes to spend time with her family and friends. At home, you will find her curled up on the couch with her pet cat, Luke, or typing up her latest book on her computer. She also enjoys living frugally. Having graduated from college with debt, she learned to budget and pay off her debt in just a few months. She loves to seek new ways of saving money and enjoys helping others to save too. Now you will find she is happily debt-free, and if spotted at the grocery store, she can be seen holding up a line with her coupons and price matching.

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      Book preview

      How Canadians Can Get out of Debt and Save Money - Christine Victoria

      AuthorHouse™

      1663 Liberty Drive

      Bloomington, IN 47403

      www.authorhouse.com

      Phone: 1 (800) 839-8640

      © 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)

      Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

      Certain stock imagery © Thinkstock.

      Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      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

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