This special compilation episode is packed with nuggets of wisdom and strategies for getting out of debt. We've pulled together the best clips on avoiding credit traps, building emergency funds, and implementing practical “budgeting” strategies.

00:00 – August is a special month before launching a new season
01:00 – Why people end up in debt
02:10 – How to avoid the minimum payment trap
03:40 – Building and maintaining an emergency fund
06:00 – How insolvency clients are a leading indicator of the economy
07:30 – Why you shouldn’t rely on credit in an emergency
10:00 – First steps to begin getting out of debt
12:05 – The problems with consolidation loans
14:00 – Practical budgeting tips: tracking income and expenses
16:00 – The benefits of putting your bills on autopay
19:00 – Don’t ignore your finances
21:10 – Why paying off high-interest debt is the best strategy (and why you still need an emergency fund)
24:00 – Why debt consultants send their clients to Licensed Insolvency Trustees

Debt Relief in Ontario

Debt Relief Biggest FAQs

Hoyes Michalos Free Canadian Credit Rebuilding and Repair Course

Hoyes Michalos YouTube Channel

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Disclaimer:
The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.