A spending freeze is simply a commitment you make to not spend money on anything that isn’t necessary. You would still pay your bills and make sure your family is fed and taken care of, but no other spending is allowed. Taking this challenge can reset the way you think about money. Licensed Insolvency Trustee, Mary Ann Marriott speaks from personal experience, setting up her own personal spending freeze. She talks about the pros and cons and how being aware of your spending habits can help you reevaluate what is important. 

Mary Ann also covers:

• Using the spending freeze as a learning tool
• Identifying needs from wants and shedding light on spending habits
• The benefits of practicing delayed gratification 
• Fun ways to make the freeze affective
• Choosing a realistic time frame 

If you are having financial difficulties and need advice about budgeting or how to get out of debt, a Licensed Insolvency Trustee should be your first call. They are licensed and regulated by the Canadian government and adhere to strict ethical guidelines. 

About Mary-Ann Marriot 

Mary-Ann Marriot has been working in the insolvency field for over 25 years. She received her Chartered Insolvency & Restructuring Professional designation in 2005 and her Licensed Insolvency Trustee license in 2014.

Mary-Ann is passionate about helping people become financially literate. She feels honoured to be able to help individuals discover solutions to overwhelming situations and find peace-of-mind in their lives. 

Additional Resources 

• Allan Marshall & Associates Licensed Insolvency Trustee
• Canadian Debt Is Rising – Here’s How It Affects You & What You Can Do About It
• Canada Inflation: Find Out What You Can Do About Today’s Soaring Prices

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