ABOUT US

ABOUT US

Why Financially Healthy Exists

We were overwhelmed by debt, afraid of creditor’s calls, and ashamed of our poor financial choices.

We felt sick and could only hope things would get better.

The goal of Financially Healthy is to pass on what we learned (and are still learning) about moving from DEBT to financial health.

The resources on our website fall into three categories.

1. Triage

  • When we’re paralyzed by debt, we need help now! What resources are available to help us get back on our feet?

2. Recovery

  • How do we recover our financially health? We need knowledge, community, and accountability if we are going to make it through. No matter your financial situation and story, you do not need to go through this alone.

3. Health

  • Once we’ve recovered, how do we stay financially healthy? This is harder than it sounds. We live in a debt-based economy and a culture of consumerism. Freedom from this is extremely hard. We need to reprogram our thinking and challenge our desire for immediate satisfaction.

No one becomes debt free alone or by accident. We invite you to join us on this journey as we become Financially Healthy together.

Why Financially Healthy Exists

We were overwhelmed by debt, afraid of creditor’s calls, and ashamed of our poor financial choices.

We felt sick and could only hope things would get better.

The goal of Financially Healthy is to pass on what we learned (and are still learning) about moving from DEBT to financial health.

The resources on our website fall into three categories.

1. Triage

  • When we’re paralyzed by debt, we need help now! What resources are available to help us get back on our feet?

2. Recovery

  • How do we recover our financially health? We need knowledge, community, and accountability if we are going to make it through. No matter your financial situation and story, you do not need to go through this alone.

3. Health

  • Once we’ve recovered, how do we stay financially healthy? This is harder than it sounds. We live in a debt-based economy and a culture of consumerism. Freedom from this is extremely hard. We need to reprogram our thinking and challenge our desire for immediate satisfaction.

No one becomes debt free alone or by accident. We invite you to join us on this journey as we become Financially Healthy together.

Our Financial Disaster Story

We never expected to be over our heads in debt, on the verge of bankruptcy. We had little debt except a small mortgage and considered ourselves financially responsible.


Then we started a business and I thought we had a reasonable plan: we could take a $5/hour pay cut and be fine. In retrospect, this was a huge miscalculation! Two years of living expenses in savings would have been wise. Unfortunately, we used personal credit to pay business obligations when things were tough, hoping sales would improve and we would recover.

We tried to buy some time playing the credit card game, transferring our balances to lower interest rates. This worked for a few months and then we got stuck. Our income paid most of our living expenses but the debt payments were out of reach so we paid portions of our bills and debts. Every month we owed more and could pay less.

It was scary! We were drowning one month at a time.

After 6 months, our credit cards went to collections and the phone calls got worse. Our phone rang at 9am and continued all day. Occasionally, we answered but we could not commit to a payment schedule and had no options to repay what we owed. There was nothing else to say.

The calls were followed by letters: some demanding full payment in 14 days, others demanding we take out a loan, one suggesting they could force us to sell our home. They couldn’t do that, could they?

Afraid, worried, overwhelmed, helpless. What could we do? Bankruptcy was the only option we knew about.

Then a friend asked, “Would you be willing to meet with a friend who works in financial services?” I was skeptical and told my husband not to waste his time coming. We met and I gathered all of our information: debts, monthly payments, bills, and expenses.

I handed her our stuff, trembling and ashamed.

After reviewing our mess, she said, “We can help you.” I was shocked. She referred us to a debt specialist who prepared a consumer proposal. This stopped the phone calls, the nasty letters, and drastically reduced our debt. $32,000 owed became $7,500 at 0% interest with payments over 5 years.

Tears of relief! The load had been too heavy for us to bear. We had been carrying this weight, shame, and fear for years. Actually believing it was real took a while.

It has been a year since and I am still so grateful. Our financial disaster was our fault: we made mistakes, poor choices, and lacked knowledge. But there is grace, help when we are in way over our heads.

Our message is this: You are not alone. Your current financial situation does not have to be your future. We all want to become Financially Healthy, so let’s learn how together.

NEWEST POSTS

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FINANCIAL STRESS = FAMILY STRESS

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PREPARE FOR THE WORST (and hope for the best)

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WHAT IS A CONSUMER PROPOSAL?

WHAT IS A CONSUMER PROPOSAL?

A consumer proposal is a less severe tool than bankruptcy to help people overwhelmed by debt get back on their feet again. It can decrease the debt owed significantly.

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