Many of us struggle to talk about money, especially when it comes to talking about debt. It is when debt becomes too much for us to manage, or when we do not have a plan to pay it off, that it can become stressful and even overwhelming. This is when it is time to have those tough conversations and make a plan to deal with debt.
This booklet provides a set of activities to help you manage your debt, identify your money priorities, calculate what you owe and strategize how you can pay it back. These worksheets can be completed on your own, in the sequence that works best for you. However, we recommend working with a trusted financial coach or credit counsellor if possible.
Printed copies of this booklet are available to order at $250 per box of 50 booklets.
We are grateful to the Government of Ontario for generously funding this resource, and to Credit Counselling Sudbury for their content consultation.
Updated on December 19, 2022: Added Managing debt (Ontario Securities Commission)
Updated August 30, 2022: Added Dealing with debt: Training tools (Training deck, facilitator guide, and sample Equifax credit report)
Updated August 2, 2022: Dealing with debt - Resources
Updated May 14, 2020: Worksheet resources in this toolkit are available as fillable PDFs. Please open with Adobe Acrobat Reader for full functionality.