Spergel

🌈 90% of respondents to Spergel's new 'Debt Load and Its Impact on Mental Health' study reported that the insolvency process had a long-term positive impact on their mental health.

This powerful statistic reveals a transformative truth: taking control of your financial situation can lead to a brighter future and improved well-being.

At Spergel, we offer a range of debt relief options, including:

💡 Consumer proposals
💡 Bankruptcy services
💡 Financial counselling

These options can help you regain control and find peace of mind.

👉 Download the full study via the link in our bio and book your FREE no-obligation consultation with one of our expert Licensed Insolvency Trustees to learn more about the positive outcomes of addressing debt.

📢 Canada is facing a hidden debt-fuelled mental health crisis 📢

We're proud to be featured in Wealth Professional Canada , where our study exposes the true impact of debt on Canadians’ mental health. With 90% of those surveyed reporting moderate to extreme stress and more than two-thirds facing it at an extreme level, debt is more than a financial problem - it’s a crisis affecting daily well-being.

Our Licensed Insolvency Trustee, Rob Kilner, says, “we need a more holistic approach to debt. Canadians deserve financial and emotional support.” Here at Spergel, we're committed to collaborating with mental health professionals to bring relief to those struggling.

Check out the full article in Wealth Professional for more on how Spergel is making a difference: https://www.wealthprofessional.ca/news/industry-news/canada-is-facing-a-hidden-debt-fueled-mental-health-crisis-report-reveals/387384

Canada is facing a hidden debt-fueled mental health crisis, report reveals Report calls for more holistic approach to dealing with the nation's debt burden

💬 "Debt and mental health, they go hand in hand, whether you like it or not." 💬

Our latest study, featured in the The Toronto Star underscores the toll debt takes on mental health. From sleep loss to social isolation, debt impacts every corner of life for millions of Canadians. Spergel is here to help you find relief, no judgment, just solutions.

📊 Read the article to learn more about how we’re bringing debt and mental health issues into the conversation: https://www.thestar.com/business/i-struggle-every-single-day-new-study-highlights-how-debt-takes-a-toll-on-mental/article_5f1e3b04-9094-11ef-8dbe-e3666dace6f3.html

‘I struggle every single day’: New study highlights how debt takes a toll on mental health The report's findings highlight the extent to which debt can be a root cause of mental-health issues, with those who struggle often isolating themselves.

🌟 NEW STUDY ALERT: see what's inside:

At Spergel, we recognize that financial struggles and mental health challenges often go hand in hand. Our latest research reveals a startling truth: nearly half of those facing significant debt also experience mental health issues. 📊💔

Debt isn't just about finances; it profoundly affects emotional wellbeing. Here are some serious impacts of debt:

😞 Increased anxiety and depression: financial stress can lead to heightened feelings of anxiety and depression.
💤 Sleep disturbances: worrying about debt can disrupt sleep patterns, making it harder to rest.
🍽️ Changes in eating habits: financial strain can lead to unhealthy eating patterns, whether it’s overeating or undereating.
🚫 Social isolation: the burden of debt can cause people to withdraw from friends and family, further exacerbating feelings of loneliness.

The stress of debt can worsen mental health problems, creating a vicious cycle that feels impossible to escape. But here's the silver lining: by addressing your debt, you’re not just improving your financial situation; you’re taking a vital step toward better mental health.

Don’t let debt define your life. 💪

Download the full report to learn about the profound impact of debt and discover available mental health and financial support services.

📥 https://www.spergel.ca/debt-load-study/

🚨 Tune in to catch our very own Licensed Insolvency Trustee, Rob, as he joins on Radio Canada Talks - Channel 167! 📻 Rob shares insights into the impact of debt on mental health. Don’t miss the episode airing:

🕙 Saturday, Oct 19: 10am & 11pm
🕚 Sunday, Oct 20: 11am, 5pm, & 9pm
🕕 Wednesday, Oct 23: 6pm
(All times Eastern)

You can also stream the episode anytime on the SiriusXM app or download it from podcast platforms like Apple and Spotify from today, or find it here: https://moolala.ca/how-debt-load-can-impact-your-mental-health/ 🎧

Don’t miss our Licensed Insolvency Trustee, Rob, discuss the impact of the debt load on mental health 🧠

Posting on TikTok After Getting Laid Off: Does This Help or Hinder Your Job Search? | Full Episode - Moolala Getting laid off and sharing your experience on TikTok. Giovanna Ventola, founder of Rhize, shares why she turned to social media after losing her job and how she’s now helping others with their job search. Then, a growing trend called “Bleisure Travel”. Personal finance expert Jessica Moorhou...

🦃 Happy Thanksgiving from Spergel! 🍂

This Thanksgiving, we're grateful for the opportunity to help individuals and families overcome financial challenges and find a fresh start. 🙏

We understand that financial stress can feel overwhelming, especially during the holiday season. If debt is weighing you down, remember that you don’t have to face it alone. Our Licensed Insolvency Trustees are here to offer free, no-obligation consultations to help you find relief.

If you’re ready to take the first step towards financial freedom, reach out today – we’re here to support you every step of the way. Learn more at spergel.ca.

🍁 Wishing you a warm, joyful Thanksgiving filled with love, gratitude, and hope for a debt-free future.

Are you a spendthrift? 💸

Test your spending habits with our quick quiz! Swipe through the questions in the graphics and see where you stand. Are you in control, or could your financial habits use a little fine-tuning?

💡 If your answers lean towards overspending, don’t stress! We’ve got practical tips and strategies to help you regain control of your finances.

📖 Find out more in our latest article: https://www.spergel.ca/learning-centre/general/what-is-a-spendthrift/

Let’s take the first step towards smarter spending and better financial health.

💚 World Mental Health Day 💚

Financial stress can feel overwhelming, but you don’t have to face it alone. On this World Mental Health Day, let's remember the importance of prioritizing our mental well-being - especially when dealing with financial challenges.

💡 Here are a few tips for managing financial stress:

🤝 Talk to someone: sharing your concerns can provide relief and new perspectives.
💰 Create a budget: small steps towards financial control can reduce anxiety.
☎️ Seek professional help: don’t hesitate to reach out to a Licensed Insolvency Trustee if needed. At Spergel, the 'get rid of debt' people, we offer FREE, no-obligation consultations to discuss your debts.
☕️ Take breaks: sometimes stepping back and focusing on self-care is just what you need.

Remember, taking control of your finances is also an investment in your mental health. If financial stress is weighing on you, we're here to help.

🌟 Reach out today for guidance and support: spergel.ca

A hidden crisis: the impact of problem debt 💔

Did you know that people in problem debt are 3x more likely to have thought about su***de in the past year? This staggering statistic highlights the urgent need for support and awareness around mental health and financial struggles.

If you or someone you know is facing financial difficulties, remember that help is available. It's important to talk about these challenges and seek guidance.

🌟 You are not alone. At Spergel, the 'get rid of debt' people, we're committed to providing resources and support for those dealing with debt. Together, we can break the stigma and promote mental wellness.

If you need help, reach out today or visit our website for more information: www.spergel.ca.

🦃 Celebrate Thanksgiving without breaking the bank!

Thanksgiving is a time for gratitude and gathering, but it doesn't have to strain your wallet. Check out our top tips on how to enjoy the festive holiday while staying on budget!

Budget-friendly ideas:

🍲 Plan a potluck: invite family and friends to bring a dish, so everyone contributes and shares the cost.
🎃 DIY decorations: get creative with fall leaves, pumpkins, and candles you already have at home.
🏷 Shop sales early: look for discounts on seasonal ingredients and non-perishable items in advance.
👨‍👩‍👦 Limit your guest list: keep it cozy with close friends or family to reduce food costs.
🧑‍🍳 Make a meal plan: focus on simple, hearty dishes that are filling and affordable.
🖥 Host a virtual gathering: if travel costs are high, consider a virtual dinner to connect with loved ones.

✨ Share your budget-friendly Thanksgiving tips in the comments!

🚨 Emergency fund essentials: are you prepared? 💸

Life is unpredictable, and having an emergency fund can be your financial safety net when unexpected expenses arise. Here's what you need to know:

1️⃣ How much should you save?
Aim for 3 - 6 months of living expenses to cover rent, bills, groceries, and essentials in case of job loss, medical emergencies, or other unforeseen costs.

2️⃣ Where should you keep it?
Choose a high-interest savings account that’s easy to access but separate from your daily spending. Out of sight, out of mind!

3️⃣ When should you use it?
Only dip into your emergency fund for true emergencies: car repairs, medical bills, or job loss - not for vacations or impulse purchases.

💡 Pro tip: start small - building your fund takes time. Even saving a little each month will add up!

Not sure where to start? At Spergel, we’re here to help you manage debt and take control of your finances. Let’s create a plan to get you financially secure - book a FREE consultation here: https://www.spergel.ca/contact/

Feeling overwhelmed by debt? Understanding your options is the first step toward regaining control. Our Bankruptcy 101 graphic breaks down the essentials of bankruptcy in Canada, including types, impacts on credit, and what to expect.

Remember, you’re not alone in this journey. At Spergel, we're here to help you navigate your financial challenges with compassion and expertise.

🔗 Book a FREE consultation: https://www.spergel.ca/contact/

Financial pressure is hitting younger Canadians hard, with 1 in 17 people aged 26-35 missing credit payments, compared to 1 in 23 overall according to Equifax. Rising living costs, unemployment, and high debt levels are making it harder to keep up. 💸

If you're feeling the squeeze, you're not alone - and you don’t have to navigate it on your own. At Spergel, the 'get rid of debt' people, we help individuals find solutions to manage debt and regain control of their finances.

Let’s work together to build a secure financial future.

Discover how we help Canadians to reduce and clear their credit card debt, and book your FREE, no-obligation with one of our Licensed Insolvency Trustees today: https://www.spergel.ca/debt-relief/credit-card-debt-relief/

Financial stress doesn’t just affect your wallet - it can take a serious toll on your mental health. Research shows that financial difficulty drastically reduces recovery rates for common mental health conditions. 🧠💔

If you’re struggling with debt, know that you’re not alone, and there are solutions. At Spergel, we’re here to help you take control of your finances so you can focus on what matters most - your wellbeing.

Book your FREE consultation with us today: https://www.spergel.ca/contact/

🌟🐾 Happy International Raccoon Appreciation Day! 🐾🌟

Today, we celebrate these clever little critters who remind us of the importance of being resourceful and adaptable - just like us here at Spergel when it comes to tackling financial challenges!

Did you know? Raccoons are known for their problem-solving skills and dexterous front paws. At Spergel, the 'get rid of debt' people, we also believe in finding creative solutions for your financial needs, no matter how tricky the situation may seem.

💡 Tip of the day: just like raccoons can navigate their surroundings, we can help you navigate your financial options. Whether it’s debt relief or credit rebuilding, we’re here to support you every step of the way.

🐾 Share a raccoon story or photo in the comments! 🐾

Today, on National Day for Truth and Reconciliation, we remember the survivors of residential schools and their families. 🧡

At Spergel, we believe in the importance of healing and community support. Just as we help individuals find financial solutions, we recognize the importance of standing with Indigenous peoples as they seek justice and healing.

Let's take time to reflect, listen, and learn as we work toward a more inclusive and compassionate future.

From overwhelming debt to financial freedom: David’s story of resilience 💪💼

Meet David, an Ontario resident who faced a mountain of debt after his release from prison. With over $750,000 in debt and no clear path forward, David knew he needed help. That’s when he reached out to Spergel, one of Canada’s leading insolvency firms.

💡 With our guidance, David embarked on a journey of financial recovery, filing for bankruptcy and regaining control of his future. Today, he’s debt-free and ready for a fresh start.

Read more about David’s success and how we can help you too: https://www.spergel.ca/success-stories/from-overwhelming-debt-to-financial-freedom/

We’re so grateful for kind words like these! At Spergel, we pride ourselves on providing not just expert debt solutions, but also genuine support and care for our clients. 💙

If you’re feeling overwhelmed by debt and unsure where to turn, remember - you’re not alone. Our team is here to help you find a way forward.

Thank you for trusting us, and for sharing your experience! 🙌

Book your FREE, no-obligation consultation here: https://www.spergel.ca/contact/

🧠 How financially savvy are you? 💰

Think you’re a pro at managing your money? Test your financial knowledge with these 3 quick questions! Swipe through the graphics for the answers and see how you stack up! 💡

No matter how you scored, remember - Spergel is here to help you take control of your financial future.

How did you do? Let us know in the comments! 👇

Holiday budgeting tips: stress less, celebrate more! 🎄

With less than 100 days to go until the holidays are in full force, it's time to remember the holidays are a time for joy, not financial stress! Here are some tips to keep your budget in check while still enjoying the festive season:

💰 Set a spending limit: decide how much you can realistically spend on gifts, travel, and entertainment without overextending.
🎁 Create a gift list: stick to a list of people and amounts - no last-minute splurges! Consider homemade or thoughtful gifts that don’t break the bank.
🧾 Track your expenses: use a budgeting app or keep a simple spreadsheet to monitor holiday-related purchases and avoid surprises later.
🏷 Shop early and look for sales: take advantage of early sales and discounts to spread out spending and snag better deals.
5️⃣ Plan for 2024: start setting aside money each month for next year’s holidays so you’re ahead of the game.

🎁 Bonus tip: if holiday debt feels overwhelming, Spergel can help you regain control of your finances with expert debt management advice.

👉 To explore your debt relief options, book a FREE no-obligation consultation at spergel.ca/contact/

CEBA loan repayment reminder: what's next? 💼

Missed the repayment deadline for your CEBA loan? Don’t worry - there are still steps you can take to manage your outstanding balance:

⚠️ Unpaid CEBA loans: if you haven’t fully repaid your loan, your financial institution will soon contact you for a lump sum repayment. If not repaid, your loan may be assigned to the CRA for collection efforts.

📝 CRA payment plans: the CRA will review your case and may offer a payment arrangement based on your financial situation.

📅 New terms: CEBA loans still outstanding after January 18, 2024 will incur 5% interest and are due in full by December 31, 2026.

💡 Need assistance? Managing loan repayment on top of other financial priorities can be challenging. Spergel can help you explore your options and create a plan to get back on track.

👉 Visit Spergel.ca for expert advice on debt management and financial solutions.

🍁 Fall financial check-up: time to reassess! 🍁

As the leaves change, it's the perfect time to refresh your financial outlook. Here’s why a fall financial check-up is important:

🔍 Review your budget: has your spending shifted since summer? Adjust for holiday planning and year-end goals.
💳 Debt check: ensure you’re on track to pay down credit cards, loans, or unexpected expenses.
📈 Investments and savings: are your investments still aligned with your goals? Time to boost your savings before year-end!
🏡 Emergency fund: life is unpredictable - make sure your safety net is strong.

Need help making sense of your finances and managing your debt? Our expert Licensed Insolvency Trustees at Spergel are here to guide you through! 🌟

👉 Visit Spergel.ca to learn more about how we can help you with debt solutions and financial planning!