Local advisor recommends putting a financial plan in place to tackle debt in 2026

    Friday, 2 January 2026 06:00

    By Tonya Organ

    Ashley Payne is a Senior Insolvency Advisor with BDO Debt Solutions here in Corner Brook. She says a financial plan will set you up for greater success when it comes to achieving your financial goals.

    A local financial advisor is among many recommending people put a plan to tackle debt in 2026, as surveys show reducing what they owe tops New Year’s resolutions. Ashley Payne is a Senior Insolvency Advisor with BDO Debt Solutions here in Corner Brook. She says they recommend people create a 2026 Financial Plan instead of making debt repayment a New Year’s resolution. The debt solution firm says a financial plan will set you up for greater success when it comes to achieving your financial goals. It will also help to lessen financial stress. 

    BDO says having a financial plan in place will help Canadians better manage this uncertainty, not only in the new year ahead, but in years to come. Payne says “Research shows Canadians, including many here in Newfoundland and Labrador, are experiencing financial strain and pressure around the management of cash flow and expenses.  And the ongoing trade war with the United States continues to create economic uncertainty. Payne says anyone feeling overwhelmed by debt should reach out to a debt professional to determine what help is available. 

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light snow shower

      High: 1°C | Low: -6°C

    • Deer Lake

      Light snow

      High: 1°C | Low: -7°C

    • Stephenville

      Light snow shower

      High: 1°C | Low: -7°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Municipal Infrastructure Announcement

      More than $35 Million in funding has been announced for water and sewer projects here on the west coast. Included in this is a more than $12M investment in the Curling westside reservoir.

    • Qalipu Today

      Qalipu Today, Tuesday March 25, 2026

      On this edition of Qalipu Today Chief Jenny Brake shares her experiences at the First Nations Women’s Economic Empowerment and Leadership gathering.

    • Corner Brook In Council

      Corner Brook City Council Meeting, Monday March 23, 2026

      Corner Brook City Council Meeting, Monday March 23, 2026