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  • Writer's pictureElizabeth Mortgage Broker

Financial Stress Does Not Discriminate

When you think of being in financial difficulty, financial stress does not discriminate. It doesn’t matter if you are old or young, what gender you are or how much money you make. Whether you make $30,000 a year or $175,000 a year, financial stress can happen if life events occur and you are unable to manage a financial setback such as missing a paycheque for whatever reason.

Most people fall into one of three groups: those who are financially comfortable, those who are financially coping and those who are financially stressed.

Those who are financially comfortable are able to handle a setback such as a missing paycheque and have a tendency to save money. They also tend to have a good work-life balance over salary.

Those who are financially coping are managing debt and have some savings. They have some work-life balance. They may struggle to manage a financial setback.

Those who are financially stressed are unable to manage a financial setback, have little or no savings, have a large debt load, live paycheque to paycheque and are on the brink of bankruptcy or a consumer proposal.

A financial challenge can happen at any time in our lives. If a financial life event has happened to you, give us a call. Free financial help. An Accredited Financial Counsellor Canada ® and Mortgage Broker at Boss Mortgages TMC is ready to take your call. We specialize in 1st, 2nd and even 3rd mortgages with Banks, Alt lenders and private mortgage money.

Boss Mortgages TMC 855-755-1904


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