Financial strategies: managing your debts effectively

01 April, 2023 Dominique Lepine

While creativity is a quality that is often needed in many aspects of life, it is equally so when it comes to finances ; it will indeed be very useful to you in finding personalized solutions to be able to repay your debts and improve your financial balance sheet.

To get there, the first step is to make a complete list of your debts , including mortgages, student loans, credit card balances, etc. This list will help you better visualize your financial situation and put an action plan in place. The time when you renew your mortgage is also a key time to review your debts as well as your short- and long-term projects . The mortgage should therefore be seen as a flexible financial tool, allowing debts to be consolidated and future projects to be financed, while taking into account interest rate fluctuations.

Also pay special attention to tax-deductible interest , especially if you are self-employed or own rental properties, and don't forget to consult experts to maximize your tax benefits.

Finally, it is essential to always demonstrate creativity in your financial approach, by seeking tailor-made solutions and getting support. by competent professionals who will undoubtedly know how to optimize your financial situation, which will allow you not only to maximize your resources, but also to achieve the set objectives.

Would you like to get more advice on the different ways to effectively manage your debts , given by Dominique Lépine, our financial advisor? Take a few minutes to watch this video!

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