Posted under Budgeting & Consumer Proposal
As I sit on my campsite in the Muskokas overlooking the lake, I reflect on the first seven months of this year. In the personal insolvency business, we have seen more personal bankruptcies and consumer proposals than ever before. The recession and financial crisis has had deep laying effects on many individuals and families.
My family and I have been camping in this provincial park over the last week now. I am sad to report that it is far less than completely full. My best guess would put it around 50%. As a general rule, the weather has been cooler this summer, but we have lucked out and had sunny days in the low to mid 20’s each day. As we boat around the lake, we see more for sale signs on cottages than in years past.
What I conclude from this is that people in general have less disposable income for family vacationing – from those who once could afford a million dollar cottage to those who just want to go camping. What are we sacrificing though, is the quality family time and the memories of our children. It is easy to be caught up in the hustle and bustle of our busy, stressful lives. A lot of these pressures can be attributed to financial or money related concerns.
If you find yourself reading this article and can relate to the fact that there is nothing left over in your budget for quality family time, then maybe you need to consider what you can change in your situation to deal with your debts. There are options to manage your debts including bank consolidations, 100% debt management plans, or a consumer proposal. We can discuss your situation in detail and help you make a plan do deal with your debts so you can make a plan for you and your family. You can call our Kitchener office at 310-PLAN or e-mail us.
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