Infographic: Check up on your financial health

Check up on your financial health 

Checking up on your progress in managing and paying down debt is an important part of maintaining your overall financial health 

Make a list of your debts to identify the types of debt you have and what you owe

Create a plan to repay your debt to set goals and track your progress

Prioritize debt repayment based on interest rates, balances and other factors

Consider consolidating high-interest debts into one loan with a lower interest rate 

Money worries are the biggest source of stress for Canadians more than work, personal health and relationships 

For optimal health

• Know the difference between good and bad debt
• Make a budget to manage your money
• Avoid debt by saving for your goals
• Choose financial products and services that are right for you
• Review your credit report regularly 

In case of a financial emergency

If you’re struggling to make debt payments, contact your financial institution to discuss possible relief options. 

If your debt feels overwhelming, consider consulting a financial advisor or credit counselor. 

You have rights

Know your rights when dealing with financial institutions­

Managing and reducing your debt will lead to better financial health