Credit Counselling

Keep up with the latest tips and ideas for building a brighter financial future.

We live in an age where at the touch of our smartphones or computers, we can instantly connect with those we know, and yet more people are lonelier than ever. Virtually surrounded, and yet alone. When a person’s self-worth errantly seems to be connected to the number of social media followers, profile picture likes and comments. Despite having scores of friends online, not feeling comfortable enough to call someone when in need. Chatting with friends for hours, and yet so few to confide in. Members of ever an increasing number of virtual groups but cut off from actual relationships. We really have been socially distanced.

A study conducted by Angus Reid for Credit Counselling Canada shows that more than 50% of the respondents indicated financial stability to be the top measure of financial health, and more than 42% stated that rising costs of living and housing had an adverse impact on their mental wellbeing.

20% Canadians spend 30%-50% of their income towards paying debt, and 10% spend more than 50% of their income on debt repayments. 77% cited the importance for credit card statements listing resources for safe and affordable debt. 40% indicated that their financial situation since the pandemic has adversely affected their mental health, with most of the population being Generation Z and Millennials. 84% of parents were worried about their child’s level of stress due to financial constraints. More than half of the survey participants were confident about bouncing back, and yet this requires help.

Financial pressures, pandemic stress, relationship issues, worry about who is influencing their children, job challenges – they have taken a toll on mental and physical wellbeing. While many turn to online streaming or music, they are merely distractions. Few seek the help of a professional counsellor, a vital step in beginning the journey back to emotional and mental health. Financial stress is the number one issue over which couples argue, and the last two years have been harsh for many.

When you need a caring voice and a listening ear, we are here for you. Our accredited non-profit counsellors can help create a customized plan to help you rebuild and reach your financial goals. Sometimes in life we need a friend, someone to walk beside us as we navigate the sharp financial curves. We want to remind you that you are not alone. Just leave us a message here, and one of our counsellors will be in touch.

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