Personal Financial Management

Updated: Apr 14

In these times of economic uncertainty, money management is a necessary life skill. Job security is tenuous at best. Layoffs and cut backs take their toll on. It is critical that one plans for these income interruptions. Depending on the length of the interruption, it may take the family a considerable amount of time to begin living in the manner to which they have been accustomed...if ever. Being as prepared as possible for these income interruptions can make the difference between living on savings or living on someone else’s money – CREDIT.


People who use credit counseling are not necessarily low income people abusing credit, but rather families with good wage earners that have been affected by strikes, illness or other unexpected interruptions of income. They are forced to use credit to cover necessary expenses until the income is resumed.

Signs of a Debt Problem


  • Your wages have been garnished

  • You are only able to pay interest and service charges on your debt

  • You need to borrow money to make it from payday to payday

  • Creditors are threatening to sue; you have received notification from a collection agency

  • Services such as hydro and telephone have been cut off

  • Your home life is stressful due to financial constraints


Here are some resources to help.


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