DebtMatters Podcast

Wayne Kay
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DebtMatters Podcast

A podcast dedicated to discussing consumer and household debt and strategies and ways of dealing with uncontrolled or problematic debt. Featuring debt experts with decades of experience in helping Canadians recover from the burden of debt.

  1. APR 20

    161 - Signs You Might Be in Financial Hardship—and What to Do Next

    Wayne Kay sits down with Derek Chase, Licensed Insolvency Trustee at Chase and Associates, to explore the warning signs of financial hardship and what Canadians can do when they spot these red flags. Key topics discussed include:Signs of financial trouble: Learn how collection calls, overdrafts, and rising debt are red flags.The emotional toll of debt: Find out how ignoring financial issues can lead to stress and strain relationships.Taking action early: Discover why addressing debt early can provide more options and prevent further damagePlus:  Evaluating your finances: Learn how to take stock of your assets, debts, income, and expenses.Cutting unnecessary expenses: Tips on trimming wasteful spending to free up money fast.Avoiding high-interest loans: Understand why payday loans often worsen any money problems.“Recognizing the signs early and taking action can mean the difference between a financial reset and financial ruin.” — Derek Chase Debt doesn’t have to feel shameful. It’s more common than you think, and there are plenty of ways to tackle it. From smarter budgeting, selling unused assets, or professional help—options are available. Listen in to learn more: Additional ResourcesChase & Associates Licensed Insolvency Trustee5 Debt Warning Signs & How to Deal With ThemWhen Should I Seek Debt Relief?

    20 min

  2. APR 19

    162 - Your Guide to Debt Relief: What Is a Consumer Proposal?

    Wayne Kay sits down with Derek Chase to unpack the growing rise of Consumer Proposals in Canada. Find out how they work, who qualifies, and why more Canadians are choosing them over Bankruptcy as a debt solution.  Key topics discussed include:Why Consumer Proposals are gaining popularity: Look at the reasons more Canadians are turning to this option for structured debt relief and asset protection.The impact on credit: Explore how a Consumer Proposal affects your credit rating and what it means for rebuilding moving forward. Is it the right fit for you: Break down the factors to consider when deciding if a Consumer Proposal aligns with your income, debt type, assets, and financial goals.Plus:  Secured vs. unsecured debt: The difference between debts tied to assets and those that aren’t—and why each requires a different repayment strategy.Alternative debt relief options in Canada: From debt consolidation to Bankruptcy, explore the full range of solutions available to Canadians.“The key to choosing the right path is looking at your cash flow—not just this month, but the next and the one after that.” — Derek Chase Struggling with debt doesn’t mean you’re out of options. Consumer proposals offer a practical path forward—one that’s affordable, legal, and designed to give you room to breathe. Tune into the podcast to learn how. Additional ResourcesChase & Associates Licensed Insolvency TrusteeConsumer Proposals: 10 Reasons It’s the Top Debt Relief Solution for BC ResidentsIs a Consumer Proposal Right for Me?

    17 min

  3. 10/14/2024

    142 - How to Enjoy a Stress-Free Holiday and Avoid Debt

    The holiday season is a time for joy and celebration. Yet for many, it can also bring financial stress. In this episode, debt expert Matt Fader discusses how to avoid the common pitfalls of holiday overspending. From budgeting for predictable holiday expenses to setting realistic expectations for gift-giving, discover how you can manage the financial pressure of the season.  Key Points Discussed:Holiday shopping norms: Dive into the commercial pressures that encourage overspending during the holidays.Holiday budgeting tips: Learn practical strategies for saving and seasonal preparation.Managing holiday expectations: Explore healthy holiday boundaries with family and friends to help limit financial strain.Spending impact: Find out how to prevent carrying debt into the new year.Matt also provides insights on how to make holiday memories meaningful—without focusing on material items. Ensure that the season is about experiences, not expenses. Additional ResourcesVacation and Debt: 3 Ways to Enjoy a Holiday Without Breaking the BankHoliday Debt: Recover From Your Christmas DebtTop 8 Ways to Avoid the Christmas Shopping Hangover

    20 min

  4. 10/14/2024

    141 - Financial Goals: Turning Financial Dreams Into Reality

    This week's Debt Matters podcast features host Wayne Kay with Matt Fader from Allan Marshall & Associates. Together they discuss the key steps needed to turn financial dreams into actionable goals. The focus centres on the importance of clear objectives and how to stay motivated throughout your savings journey.  Matt also shares insights on setting realistic financial goals and how to avoid common pitfalls that might discourage you along the way (celebrate the small wins!). Listen in for practical advice on how to make progress toward financial security. Key Points Covered Include: Setting clear financial goals: Matt shows how to create clear, well-defined financial objectives and explains why this clarity helps guide saving efforts.Using good goal-tracking techniques: Matt shares practical tips on how to track your progress. He also suggests tools you can try, from pen and paper to more complex digital methods.Staying motivated: Matt teaches strategies that help you maintain focus (e.g. celebrating small milestones that boost confidence and keep a positive outlook).Earning financial flexibility: Matt touches upon the significance of allowing yourself to spend money so you avoid the trap of hoarding.Planning your emergency fund: Matt defines healthy emergency savings goals so that you have a safety net in place.For anyone who needs help making their financial dreams a reality, this episode contains the tips and tricks you need:  Additional ResourcesPractical Budgeting Tips to Keep Your Finances on Track in 2024Bad Money Habits and How to Break ThemThe 4 Best Personal Finance Apps in Canada for Debt Management & Budgeting

    19 min

  5. 09/19/2024

    140 - The Personal Toll of Debt and How to Overcome Financial Stress

    In this episode of the Debt Matters podcast, Wayne Kay speaks with Licensed Insolvency Trustee Derek Chase about the personal and emotional toll included with debt. Key topics discussed include: Mental health: Debt can have a lasting impact on your emotional well-being.Opportunity loss: Debt can limit or change your life trajectory and overall lifestyle.Financial stress management: Learn practical steps to manage the stress caused by debt.Coping tools: Discover the importance of physical activity and communication to manage the emotional strain of debt.Seeking advice: Reaching out to professionals or support networks for financial planning that can provide relief.DIY debt relief: Find financial planning resources that ease the debt burden.Staying calm: How to avoid rash decisions (like liquidating your assets) and earn peace throughout the debt process.If financial problems are weighing you down, listen to today's Debt Matters podcast for more insights on how to manage the emotional cost of debt.  Additional ResourcesChase & Associates Licensed Insolvency Trustee5 Ways to Improve Your Finances in 2024Debt Relief BC – Real Debt Solutions To Help With Your Debt Problem

    15 min

  6. 09/16/2024

    139 - Rebuilding After Divorce: A Financial Guide for Single Moms

    In this episode of the Debt Matters Podcast, host Wayne Kay speaks with Derek Chase from Chase & Associates Licensed Insolvency Trustee about the financial challenges single moms face after a divorce. Learn the steps single parents can take to rebuild their stability. Key Topics Covered: The financial impact of divorce: Divorce affects up to 40% of marriages and causes money struggles, especially for single moms.The connection between marriage and finances: Relationship changes, including divorce, are one of the leading causes of financial insolvency.Seeking advice: Professionals like accountants, investment advisors, or a Licensed Insolvency Trustee provide helpful financial assistance for single moms. They also provide debt relief for couples you divorce with debt. Initial steps for newly single parents: Learn how to take stock of your assets and liabilities and better understand your financial situation. There are even single mom grants you can take advantage of. Creating individual accounts: Open a new bank account at a different institution so you have control and protection over your finances.Establishing credit: Establish your own credit and avoid liabilities tied to your former spouse.If you are a single mom, tune in for actionable insights on how to regain financial stability post-divorce. Additional ResourcesChase & Associates Licensed Insolvency TrusteeDebt and Divorce: A Common Cause of BankruptcyDebt and Dating

    17 min

  7. 07/15/2024

    138 - Budgeting Basics: Creating a Plan and Sticking to It

    Surveys have found that while most Canadians agree that having a budget is a good thing - less than half do. Learning how to set up a budget and stick with it lets your money know that you are taking charge.  So what is the secret to budgeting? And how do you stick to the goals you have set? Licensed Insolvency Trustee, Brenda Wood shares some tips and strategies to make a realistic budget that will work for you. Topics covered are: The psychological aspect of seeing your budget workBudgeting tools - online and on paperThe 4 simple steps to create a sensible budget Slippery slope of using credit cards as a form of incomeUsing S.M.A.R.T. goal setting guidelinesCreating future financial goals when you have surplus/savingsIf you are struggling with your finances, a Licensed Insolvency Trustee should be your first call. Regulated by the federal government of Canada, you can be assured of unbiased advice in your free initial consultation.  About Brenda WoodBrenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service. Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds.  Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteePractical Budgeting Tips to Keep Your Finances on Track in 2024My Paycheck Never Lasts: Tips For Budgeting To Cover Bills

    20 min

  8. 07/12/2024

    137 - Understanding Credit Scores and Reports

    Whether you are applying for a new cell phone plan or a mortgage, your potential creditors want to understand your financial history and your ability to repay debt. Your credit score and report will help them decide whether they want to do business with you. But most people don’t know a lot about their credit report and credit score. Today’s podcast looks at the difference between the two and how you can improve your score. Licensed Insolvency Trustee, Brenda Wood, also covers the following topics: Why you should be checking your credit report oftenThe difference between a hard and soft credit hitWhat shows up on a credit reportHow scores are calculated and why they fluctuateWhat is a credit rating and where it appearsThings you can do to improve your scoreLicensed Insolvency Trustees are federally regulated and follow a strict code of ethics as well as government regulations. From budgeting to Bankruptcy, you can be assured of unbiased, non-judgemental advice. About Brenda WoodBrenda started in the insolvency industry in 1995 and earned her Licensed Insolvency Trustee designation in 2006. She has a long history of volunteering with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) where she has served as a member and presented at events. Brenda received the CAIRP Outstanding Volunteer Award in 2012 in recognition of her service. Outside work, you’ll find Brenda at the ice rink, ball field or camping at one of the beautiful Nova Scotia campgrounds.  Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeWhat Does Your Credit Report Say About You?Your Credit Score in Canada: What You Should Know

    19 min
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About

A podcast dedicated to discussing consumer and household debt and strategies and ways of dealing with uncontrolled or problematic debt. Featuring debt experts with decades of experience in helping Canadians recover from the burden of debt.

Information

  • Creator
    Wayne Kay
  • Years Active
    2021 - 2025
  • Episodes
    145
  • Rating
    Clean
  • Copyright
    © 2025 Local Search Heroes
  • Show Website
    DebtMatters Podcast

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