Most Canadians can admit that debt is scary and often hard to get rid of. January is a great time to look at your fiances and decide what you should do moving forward. Finanical planner and author Shannon Lee Simmons is here with us to share her tips on how to give your financial lives a fresh start!
Talk about motivation- Most people fail at their debt plans because of scare tactics (high interest rates). This can be scary but only motivates for so long. You need motivation beyond the math, that's how someone sticks to a plan longer than 3 months.
At first it's hard to do, but you can’t take action until you know what you’re dealing with. This is especially important when you have debt in different places at once.
Check out Shannon Lee Simmons' book Living Debt-Free here for even more great tips.