The basic rules of budgeting:
- How do you make spending decisions?
- Managing your expenses
- Budgeting your needs vs wants
- How to cut back on spending
- Budgeting for life events
- Setting goals
At BDO we know that debt is a leading cause of stress that impacts the mental health of Canadians. We believe that honest, judgement-free communication is the best way to identify the causes of this stress and ultimately the available solutions.
We are committed to improving the financial literacy of Canadians and helping both individuals and businesses with our Financial Wellness Program. Our Licensed Insolvency Trustees and Administrators can arrange presentations for groups of twenty or more, either in-person or virtually.
We are proud to offer the BDO Financial Wellness Program to help Canadians who are feeling financially stressed. Our debt professionals provide participants with an increased understanding of—as well as the tools they need to control—their personal finances. We can also provide additional resources and tools to help those who struggle with overwhelming debt.
Many Canadians face challenges with personal finances and are lacking the confidence, skills and knowledge to change their circumstances. We all have something to learn about financial wellness. This program is focused on enhancing your skills so you can meet your financial goals and turn the page on debt.
These are the questions we ask our participants and we discuss in our program. No matter their current level of personal financial knowledge, participants of our program will benefit from the curriculum delivered. At BDO, we believe that debt help begins with talking to the right people.
4. Better understand public programs and services that can help with economic stability and making sound financial decisions.
5. Prepare for a financially secure retirement by setting goals, budgeting and tax planning.
6. Understand the financial products that are best suited to their needs.
7. Recognize and protect themselves and family members against financial abuse and fraud.
8. Understand credit, the costs of borrowing and the warning signs of financial difficulty.