Show Notes
Learn how to survive a financial crisis by building resilience and strengthening your personal finance foundation. This conversation provides practical steps to prepare for economic instability. We discuss the core principles of protecting your assets and maintaining stability during uncertain times. Whether you are concerned about market volatility or personal budget security, this discussion offers a clear perspective on how to build financial resilience effectively. We break down the mindset and tactical adjustments necessary to weather a storm. Implementing these money management strategies can help you maintain control over your future. We examine why proactive planning is the most effective tool for financial crisis survival and how to adjust your habits before trouble starts. Subscribe for weekly personal finance tips and comment below with your biggest worry regarding the current economy. Related Links: What Many Canadians Still Get Wrong About Debt: https://youtu.be/VS50UtDNWRA The Dangers Of Installment Loans: https://youtu.be/fmN23pIWbWg Behind on Payments? Here's What To Pay First: https://youtu.be/1oVaraaWaH4 Warning Signs You Have Too Much Debt & How To Deal With It: https://www.hoyes.com/blog/15-warning... Our Free Online Budgeting Course: https://courses.hoyes.com/courses/how...
More from Debt Free in 30
Rounding up your income or leaving debts off a credit application may help you get approved. But it does not give you more money to repay what you borrow. Learn more about credit and rebuilding your credit score with our free online course after the podcast!
If someone asked you right now how much you owe, you'd probably have a number. It's probably low.
If you carry $5,000 on a credit card at around 20% interest, keeping that balance can cost roughly $1,000 a year. Making the minimum payment may keep your account in good standing, but it does not mean you are paying the debt off.
What does it really mean when you max out your credit card?
Why would a lender raise your credit limit when you're already struggling to keep up?