The Power of a monthly spending strategy
Simple and basic, but unbelievably powerful. Being aware of all aspects of your monthly financial picture takes you from being OUT of control to being IN control
- Determine your after tax monthly income
- Determine your monthly essential expenses (hydro, food, clothing, etc) and then subtract these two numbers to get your excess cash.
- Next determine your optional fixed expenses* (car payment, cell phone bill, weekly dinner night out, etc), and subtract that from your excess cash
- This number is your discretionary money. Now determine how much of this money will be applied to your debt, and how much for non essential expenses (movies, Tim Hortons, etc). The more you allocate to your debt rather than your non essential expenses, the sooner you will be out of debt.
Understanding your true financial picture, makes it more difficult to rationalize unnecessary expenses.
And if you are unable to service your debt, call us today for a free appointment.
*car payments (sell the car) and even mortgage/rent payments (downsize/move) can be reduced if necessary to eliminate debt.
The Personal Experience From Your Office Was More Than To Be Expected. | Nov 21, 2016
I would like to express my appreciation to Paul Pickering’s office for the assistance given during my bankruptcy. I would also personally thank Don Baruth for his assistance and guidance and always answering questions immediately. The personal experience from your office was more than to be expected.Thank you again- L.W
Best Trustee Ever | Nov 21, 2016
If you are seeking financial advice, Paul is the one to see! He makes you feel comfortable about a difficult situation and puts you at ease as he deals with your questions. Paul is very knowledgeable, personable and is “on your side.” We are so grateful for his support! Best trustee ever!
“We started this business in 1990 to provide one on one financial solutions. We are here to help you through your solution with dignity, respect and the highest confidence in your future.”
– Paul J. Pickering CPA CA CIRP LIT
Paul J. Pickering and Associates Limited (formerly Paul J. Pickering Limited) was founded in 1990 with the ideas and thought of helping individuals deal with personal debts and the process of financial rehabilitation.
Paul Pickering graduated from the Ivey School of Business, University of Western Ontario in 1976. In 1980 Paul received his Chartered Accountants designation and his Trustee licence in 1988.
While working for a national insolvency firm, Paul saw the need of providing financial services on an individual basis without the structure of a large imposing firm. On November 1, 1990, the firm was born.
Since 1990, the firm has continued to provide one on one service to London and area. All facets of the Bankruptcy process or Proposal process are conducted within the office. Unlike other firms, we do not use contract facilities to provide the counselling required under the legislation.
All consultations are free of charge because we encourage people to understand the process. We leave the decision to the individual as to how they wish to resolve their financial situation.
Our goal is to treat everyone facing financial difficulty with dignity and respect.