While many Canadians fall into the space of finding it difficult to get advice on everything from budgeting to tax help to retirement plans, there are options out there, and more on the way
One vexing thing about financial planning is that if you have lots of money, you can get advice for free, but if you don’t have much then it can be hard to find any help at all.“While relevant and unbiased financial advice is available to those who can afford it, low cost or free options for advice are limited,” wrote the Financial Consumer Agency of Canada .
Counsellors are ready to help with urgent financial problems like someone who can’t afford their rent, or their benefits were just cut off and they don’t know what to do. “We are very excited. This is a really direct and powerful response to the money challenges that low– and modest-income people are feeling across the country,” said Mulholland.
Along with basic counselling, the group offers a financial coaching program that’s geared toward those struggling with some kind of debt. “But if you take a breath and look at your future self, decades down the road, you will be so grateful that you took the actions today that made life for that person much easier.”
Overall, financial counselling is there to help set out an action plan, and to help people stick to it though life’s ups and downs, said Mulholland.
Plan People Help Life Self Counselling Sellery Canada Bruce Sellery Elizabeth Mulholland
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