Your Debt Solutions Experts
BDO Halifax

255 Lacewood Drive Suite 201,
Halifax, Nova Scotia
B3M 4G2
Phone: (902) 425-3100

Going to University? Why It’s Good to Have a Debt Plan

College or university is the first time that many young adults have to deal with taking on a significant debt load. Student debt has become an issue in Nova Scotia and across the country. The good news for students in our province is that there’s some debt relief coming for new students.

Student debt doesn’t only include government student loans. Students are carrying personal loans, credit card debt and lines-of-credit too. The key to keeping debt stress to a minimum and achieving financial health is having a plan to manage all that debt.

To help you get started on creating a plan for managing your student debt we’ve put together a list of online resources that will help university and college students:

  • Keep finances on track
  • Decrease spending
  • Improve financial literacy

These resources can have a big impact on your ability to minimize your student debt load:

These personal finance bloggers are worth your time

Learning about managing your finances— especially your debt —from a variety of resources is a smart idea. Any opportunity to improve your financial literacy is a good opportunity. Here are a few seasoned personal finance bloggers to check out:

Jessica Moorhouse is a personal finance writer, podcast creator and financial counselor. Her website has a lot of great resources (like this podcast) for students wanting to learn more about managing their post-secondary debt.

Barry Choi is a personal finance and travel writer and the man behind His blog includes advice on personal finance topics like budgeting, saving and reducing debt. Barry also specializes in budget travel.

Desirae Odjick is a personal finance blogger and creator of, a blog about spending, saving, budgeting and investing. Desirae offers some great free resources like her Track Your Spending spreadsheet and her One Minute Budget.

There are a lot of personal finance bloggers out there catering to Canadians, so don’t stop at these three. Not all of their advice or suggestions will work for you. By checking out multiple sources you’ll start to see recurring trends and advice, which provides credibility to what you’re reading.

Having a plan in place to manage your debt while you’re a student can give you a leg up now and in the future, so don’t put it off. Starting early is a great way to build good spending, saving, and debt management habits.

Have a friend or family member going to college or university that you think could benefit from this information? Share it with them directly or help other students out and share it on Twitter using #PostSecondary #StudentDebt #DebtSolutions

Book a Free Consultation