How to become debt free
There’s no sugar coating it, things have been rough. Many of us continue to find ourselves in a difficult financial situation. It’s easy to feel overwhelmed when so many things may seem out of our control, so it’s important to start focusing on what you have control of – such as your spending and be more aware of your money. If you’re in debt and looking for a way out, you’re not alone – getting out of debt has been the #1 goal for Canadians 9 years in a row. To help you get there, we’ve put together the key steps to getting debt free below. Remember it’s about progress not perfection, so even if you can’t do them all, starting on just one is already a step forward: OPEN MOGOSPEND 💸 Stop using your credit card As credit cards make it too easy for you to overspend and accumulate debt, put your card on ice and consider it an emergency backup. If you already have credit card debt, make only the minimum payment on it and switch to using a prepaid card or your debit card. Doing this will help you budget because you