Financial problems are some of the most stressful issues people face. At one point or another, most of us deal with money issues. In fact, one recent survey found that 61% of Canadians admitted worryin g about their finances. Part of this stress comes from the fact that financial problems often snowball into more serious problems, from not being able to pay the bills to going deep into debt.
Sometimes, financial problems are the result of poor choices or mismanaging credit. But many times, money trouble is the result of life events that occur unexpectedly and wreak havoc on your finances.
Our upcoming series will explore seven unexpected life events that can lead to financial trouble:
- Losing your home
- Death of a spouse
- Losing a job
- Illness/medical costs
- Divorce costs
- Stolen identity
- Caring for an elderly parent
In this series, you’ll learn how each of these life events can lead to financial problems. We’ll show you how to prepare so you can minimize the impact of an unexpected event. If you’re already in financial trouble, it’s not too late to fix it. This series will show you how to recover financially from unexpected life events, including options for getting out of debt.
Even though things happen in life that can lead to financial trouble, it’s important to remember they don’t have to. Stay tuned to find out how to protect yourself from the curveballs life throws at you and your bank account.