Creating a Brighter Financial Future on Hope Tuesday
The holiday season has come to an end and the new year often means the arrival of the holiday bills.
The third Monday of January is referred to as Blue Monday, deemed the most depressing day of the year.
Being blue over retail remorse or credit card debt doesn't serve anyone.The team at Bromwich and Smith tends to focus on Hope Tuesday.
Taz Rajan of Bromwich and Smith says that although the bills from overspending may be coming in, there is hope. The new year is the perfect time to create a plan of attack for the money mistakes of 2021.
One of the biggest things Rajan emphasizes is that people in debt are not alone. As Canadians there are legal exit strategies for overwhelming debts.
If there were only a handful of Canadians struggling with debt there would not be legislation for debt forgiveness.
Rajan shared these three tips for those hopeful for a brighter financial future:
- Take stock of what you owe and know your numbers;
- Set some financial goals for 2022. These can include getting debt free, saving for a trip or major purchase, or improving your financial literacy; and
- Take action towards your goals. It could be a small step like finding out your balances or making a call to negotiate a better rate. Small actions each day can add up to big changes.
Check out the full video from CTV Morning Live to learn more.
CTVNews.ca Top Stories
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
Why drivers in Eastern Canada could see big gas price spikes, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
Customers disappointed after email listing $60K Tim Hortons prize sent in error
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.
Toronto Raptors player Jontay Porter banned from NBA
Toronto Raptors player Jontay Porter has been handed a lifetime ban from The National Basketball Association (NBA) following an investigation which found he disclosed confidential information to sports bettors, the league says.
House admonishes ArriveCan contractor in rare parliamentary show of power
MPs enacted an extraordinary, rarely used parliamentary power on Wednesday, summonsing an ArriveCan contractor to appear before the House of Commons where he was admonished publicly and forced to provide answers to the questions MPs said he'd previously evaded.
Woman who pressured boyfriend to kill his ex in 2000s granted absences from prison
A woman who pressured her boyfriend into killing his teenage ex more than a decade ago will be allowed to leave prison for weeks at a time.
Trump lawyers say Stormy Daniels refused subpoena outside a Brooklyn bar, papers left 'at her feet'
Donald Trump's legal team says it tried serving Stormy Daniels a subpoena as she arrived for an event at a bar in Brooklyn last month, but the porn actor, who is expected to be a witness at the former president's criminal trial, refused to take it and walked away.
Attempt to have murder charge quashed against alleged serial killer dismissed by judge
A motion filed by the man accused of killing four Indigenous women in Winnipeg to have one of those murder charges quashed has been dismissed by the judge – weeks before the start of his trial.
Government proposes new policy for federally regulated employees to disconnect from work
In their 2024 budget, the federal government wants to amend the Canada Labour Code, so employers in federally regulated sectors will eliminate work-related communication with employees outside of scheduled hours. If implemented, this would affect roughly 500,000 employees across the country.