Released on December 15, 2014
Financial and Consumer Affairs Authority of Saskatchewan (FCAA) in partnership with Credit Counselling Society has created a debt management info graphic to help Saskatchewan people tackle their debt.“We have all seen the recent news reports about debt levels rising in Canada,” FCAA Chair and CEO Dave Wild said. “Debt can easily get ahead of you and a lot of people don’t know where to turn for help. We have created an info graphic that shows people how to tackle their debt in five easy steps.”
Understanding spending habits and prioritizing debt are critical in helping people get a handle on their financial responsibilities. When borrowing or making a purchase, it is important to think about all the costs involved and what the best options might be. The info graphic will be tweeted and posted on Facebook so people can learn how to start to responsibly manage their money.
“The first rule of dealing with debt is knowing and understanding your complete financial picture,” Credit Counselling Society President and CEO Scott Hannah said. “The second rule is doing something about it, either by making a budget and a plan to pay debt down or asking for help if you don’t know where to start.”
In addition to debt management information, FCAA has also packaged together useful gift card tips, including information about fees, redemption and expiration dates, which will be shared via twitter @SKGov and www.facebook.com/SKGov. For more information about gift cards visit www.fcaa.gov.sk.ca/giftcards.
To learn more about debt management visit www.fcaa.gov.sk.ca or www.nomoredebts.org.
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For more information, contact:
Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Scott Hannah
Credit Counselling Society
Phone: 604-636-0211
Email: scott@nomoredebts.org