Over the last few years, Canadians have seen the ‘financial confidence’ drop. But that doesn’t mean that we shouldn’t still be planning for the future. Preparing a budget for the new year doesn’t have to take too much effort. You’ll reap the benefits of knowing where you stand in each upcoming month. 

Licensed Insolvency Trustee, Daniel Maksymchak talks about starting fresh in the new year. We can make changes in our spending habits that will improve our finances. He also discusses:

• Reviewing expenses from the past year
• Making changes to discretionary spending 
• Setting a budget for the year and reviewing it monthly
• Figuring out your priorities
• Developing a plan to get out of debt
• Contacting a Licensed Insolvency Trustee to discuss your debt relief options

Whether you need help with your budget or need to file a Bankruptcy, you can be assured that a Licensed Insolvency Trustee will have your best interest in mind. Federally regulated, they are knowledgeable in all aspects of debt management. 

About Daniel Maksymchak

Daniel has worked in the bankruptcy and insolvency field since 2010. His career began in accounting, receiving his Chartered Accountant designation in 2009. He attained his Licensed Insolvency Trustee accreditation in 2014. 

Daniel is a member of the Canadian Association of Insolvency and Restructuring Professional (CAIRP) and has volunteered his time with numerous causes in the community. 

Additional Resources 

• LCTaylor Licensed Insolvency Trustee
• Personal Finance Basics for Beginners
• How to Set Achievable Financial Goals That Matter