Faber Inc.

Setting up a budget is a great way of managing your finances and ensuring you’re not overspending. But how do you keep track of it all? Here are a few ideas:

💵 Keep your financial goals top of mind
💵 Set up auto payments
💵 Think twice before making an impulse buy
💵 Download a budgeting app
💵 Set a weekly spending budget that doesn’t change

Our experts here at Faber are always available to discuss budgeting strategies and can share more information on the best ways to follow your plan. Reach out today.

Summer is winding down, and back-to-school season is fast approaching. That means time is running short to plan ahead and avoid being caught off guard with unexpected expenses.

Whether you’re a student or are budgeting for your kids, setting the right budgeting plan is key when handling the cost of school supplies and extracurricular activities.

Here are a few things to think about when budgeting for school supplies, extracurricular activities and student loan repayment:

📚 Consider buying used textbooks rather than new ones

💻 Utilize online resources or explore options for affordable extracurricular activities to save money

📂 Stay organized, keep track of student loan repayment schedules, and look into various loan repayment options

💵 Make extra payments whenever possible to reduce overall interest

Reach out to us today for more budgeting and student loan management tips and tricks!

When we first meet with our clients, we like to understand who they are, what their situation is, and what may have led them to reach out to us.

Here are a few of the questions we might ask in our initial meeting:

❓ Do you own/rent?
❓ How much is your mortgage/rent?
❓ How much money do you earn?
❓ Do you own any other property?
❓ Do you have any investments?

Learn a bit more about our process: https://bit.ly/3REQNhj

Income growth is never inflation-proof. It may seem like everything we need or want in life is getting more and more expensive, but having a personal budget to track money coming in and out can empower you to stay on top of your finances and avoid surprises.

Here are some of the top budgeting ideas to consider:

💵 Prioritize your recurring payments
💵 Build your emergency fund
💵 Cut down non-essential spending
💵 Look up deals to shop for groceries & supplies
💵 Limit your credit balance to 35% of the allowed limit

Learn more here: https://bit.ly/4eAQ4aC

&Tricks

We understand that financial terms can be a bit overwhelming, especially if you're not exposed to them on a daily basis. Take the word “registrar,” for instance.

Learn even more with our online glossary: https://bit.ly/3zgPsa2

Now, more than ever it’s extremely important to be on your toes when it comes to online and over the phone scams. Faber’s own Dan McDicken talks about these scams and ways you can avoid them in this latest interview. https://bit.ly/4cMqGxe

Sponsored: be aware of financial scams As investment scams become more sophisticated, it's important to be aware. Dan McDicken from Faber tells us how to avoid the scams.

We're only as successful as each member of our team. With that in mind, we'd like to introduce you to Delphine Beleh, one of our wonderful Senior Analysts.

Delphine joined Faber in 2015 from Calgary and brought five years of experience as an Asset Realization Coordinator with a Trustee office. While still involved with some aspects of Asset Realization at Faber, she also administers all our Consumer Proposal files.

As a Licensed Insolvency Counsellor, she provides financial counselling to clients. Delphine successfully completed the Insolvency Administration Course in 2019 and is currently enrolled in the CIRP Qualification Programme; and studying to become a Licensed Insolvency Trustee.

She excels in providing clients with clear and concise information while guiding them through complex processes.

Delphine's compassionate nature is not just a trait, it's a powerful tool that she uses to assist individuals in alleviating their financial stress and addressing their concerns with creditors.

Her expertise in financial administration, combined with her compassionate approach to client care, is a testament to her value as an invaluable asset to the Faber team.

When it comes to financial terms, we know most of them like the back of our hands – but not everyone does! Take the word “encumbrance,” for example.

To learn even more terms, check out our online glossary: https://bit.ly/3zgPsa2

We are committed to offering you the finest support and service when it comes to your financial needs. We value your input and always welcome your feedback. But don’t take it from us. Take a look at what Scott had to say:

Happy Canada Day from all of us at Faber! 🇨🇦 Today, we celebrate the spirit of unity, resilience, and progress that defines our beautiful nation. Wishing you a day filled with joy, fun and time with family and friends.

Happy New year! From all of us at Faber inc.

If you're new to the world of finance, it's important to understand financial lingo. Here are some of the most important terms you should know when it comes to bankruptcy and consumer proposals.

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges.

Visit our website to learn more!
https://www.faber.ca/

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges.

Visit our website to learn more!

https://www.faber.ca/

Merry Christmas! From all of us at Faber inc.

Muth joined Faber Inc. in 2017. Prior to joining Faber Inc., Muth worked for a National Accounting Firm where he managed audit engagements for large and medium-sized for-profit organizations, not-for-profit organizations and public sector government entities. Responsibilities included: planning work to be performed, managing professional staff and reviewing their work, reviewing financial statements and tax returns, ensuring compliance with regulatory agreements and banking covenants, communicating and resolving complex issues with partners and clients.

Muth is now primarily involved with Faber Inc.’s Corporate Restructuring group, administering Division I Proposals, Corporate Bankruptcies and Receiverships. Muth continues to assist individual consumers resolve their financial difficulties through offering a proposal to their creditors or filing a personal bankruptcy.

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges.

Visit our website to learn more!

https://www.faber.ca/

In a post-holiday slump? Get on top of your credit card debt quickly with this easy step-by-step guide. Click below to read on!

https://www.faber.ca/blog/dealing-with-post-christmas-credit-card-debt/

Choosing bankruptcy can be confusing. Here are the steps you need to take to file for bankruptcy in Alberta, Canada.

To read more about each step or to simply learn more, click here: https://www.faber.ca/blog/how-to-close-your-business-in-alberta/

Michael Wentland is the Vice President, Corporate Restructuring at Faber Inc. Michael is a Chartered Professional Accountant (CPA), Certified Management Accountant (CMA), Chartered Insolvency and Restructuring Professional (CIRP) and Licensed Insolvency Trustee (LIT). Michael has over 10 years of experience in providing consumer and corporate insolvency and restructuring services throughout a range of industries.

Michael has assisted many individual consumers resolve their financial difficulties and achieve a “fresh financial start” through a consumer proposal to creditors or a personal bankruptcy.

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges.

Visit our website to learn more!
https://www.faber.ca/

There are many ways to pay off debt fast. Learn more about different techniques that can help you save money and time. Click below to learn more!

https://www.faber.ca/blog/what-is-the-best-way-to-pay-off-debt-fast

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges.

Visit our website to learn more!
https://www.faber.ca/

When you hear the term creditor, what comes to mind? Debt, pesky and pushy is common synonyms that Canadians associate with creditors. However, learning the proper techniques to handle creditors can make all the difference. Understanding your financial position, proper negotiation tactics with individual creditors, and seeking court intervention when necessary are three steps to learning how to properly deal with creditors.

Ready to learn more? Click here: https://www.faber.ca/blog/how-to-deal-with-creditors/

If you’re thinking, “This is hard, because everything is so inconsistent!”, you’re right. Due to ongoing uncertainty, budget planning can be tricky, but it’s still an effective tool. It’s better to have an idea of what is happening with your money than not having a sense of money coming and going out.

Ready to make a budget? Here is a few strategies to balance out your finances!
Interested in reading more? Click here: https://www.faber.ca/blog/10-tips-to-create-a-realistic-budget-and-stick-to-it/

If you’re ready for help, we’re here to provide it. Reach out to Faber Inc today for a free consultation!

Since 2016, Justin has been working with Faber, helping average Albertans solve their debt problems. Seeing people find a debt restructuring solution is his favourite part of the job. In his role as a Secondary Analyst he backs up the senior analysts with file management, reviews and correspondence. Prior to arriving at Faber, Justin worked for a number of years with BDO Canada Ltd and Bill McCulloch & Associates Inc.

Justin is also a big sports lover so when he’s not helping people find a new financial start, he’ll be cheering on his favourite teams.

Say hi to Justin!

Faber Inc. is made up of friendly and trusting professionals devoted to giving our clients the guidance and debt solutions they need to overcome their financial challenges. If you’re ready for help, we’re here for you! Remember, brighter days are ahead!

Identity theft is the fastest-growing type of fraud in Canada. It refers to the unauthorized attainment, possession, or trafficking of personal information or the unauthorized use of information to create a false identity or to assume/takeover an existing identity in order to personally profit financially, with access to goods or services or to conceal criminal activities.

Feel like you’re underprepared to protect yourself? Click here to learn more about how you can protect yourself!

https://www.faber.ca/blog/protecting-against-identity-theft-and-fraud/

With a mild recession projected for 2023, now is the time to take control of your financial health. Income growth is never inflation-proof. It may seem like everything we need or want in life is getting more and more expensive, and having a personal budget to track money coming in and out can help you stay on top of your finances and avoid surprises.

Want to read more about being prepared financially? Click here - https://www.faber.ca/blog/10-tips-to-create-a-realistic-budget-and-stick-to-it/

“Ask not what your country can do for you, ask what you can do for your country.” – John F. Kennedy

Honoring our nation’s heroes on Remembrance Day.

Delphine joined the Faber Inc. team in the summer of 2015 after transferring from Calgary, where she worked as an Asset Realization Coordinator with a Trustee office for five (5) years. Delphine is a Commissioner for Oaths in and for the Province of Alberta. Delphine is an ardent chorister, loves classical music and she feels that her smile keeps her going. Not only does it brighten her day, it brightens the day of the people she meets.

The thing she likes best about the job is providing help to individuals who need it and making life less stressful for them. She provides clients with information on the status of their files and helps them better understand the processes involved. She also assists them with any concerns they may have with creditors regarding collection activity.

Say hi to Delphine!