Monthly Archives: December 2011

Starting the New Year with a Financial Check-Up

Each holiday season many people finance gifts using credit. This is short term gain with long term pain. Come January they often face a landslide of credit card bills and are left wondering how they are going to pay for it all. Some individuals are still carrying credit card balances from past holidays. The cycle can continue until it becomes a crisis.

If you work with individuals who struggle with debt, why not recommend a financial Check-up this holiday season? We encourage you to encourage your clients, employees and members to try to pay for as much of their holiday shopping with cash. Also, encourage them to come up with a solid holiday budget, review their 2011 spending and credit, set financial goals for the New Year and create a plan to achieve those financial goals. Easier said than done right? Well you can help using DebtCare Canada’s wide range of financial solutions and services catering to those who struggle with debt.

I wish all of you and your families a happy, healthy holiday season.

For more information about our financial programs please call 416-907-2582 or email me at kgoldenberg@debtcare.ca.

Financial Triage

In my new role at DebtCare Canada, as Director of Community Outreach, I often think about the similarities with my past work as a therapist in the rehabilitation world, my work at JVS Toronto, where we worked with people to help them find their career path and my new work with organizations who help people who face financial challenges.

I was recently reminded of the importance of “triage” and getting people to the right place at the right time with the right solution.
There are many parallels as it relates to diagnosing a financial problem when compared to diagnosing a medical problem.

Triage: is the process of determining the priority of patients’ treatments based on the severity of their condition. (Wikipedia)

Financial Triage: is the process of determining our client’s best fiscal solutions based on the severity of their financial situation.

Here are some comparisons:

Medical Triage DebtCare Financial Triage
Go in to the emergency room and wait to be assessed. Meet with a financial advisor and receive a free assessment.
Once a diagnosis has been confirmed, prescriptions are written with
the intention that patients will go to the drug store to have the
prescription filled.
Once the financial advisor determines the cause of the problem, they
give a number of possible solutions for the client to choose from to correct
their financial problem.
The patient fills the prescription, takes the medication and starts to
see improvements in the coming days.
Clients who decided to enroll in our Federal Government programs
receive financial relief within a few days of enrollment.
If it is a physical injury, often patients need physiotherapy rehab. We offer our clients financial rehabilitative options through a number
of programs that include budget management, financial protect plan, after
care and more.

For more information about how we help organizations just like your work with individuals and businesses who struggle with financial problems or to arrange a meeting, please contact me at 416-907-2582 or send me an email at www.kgoldenberg@debtcare.ca. You can also visit us online at www.debtcareservices.ca.