The Financial Wellness Buffalo: Mastering Credit and Debt

Produced & Hosted by Amanda Leader

Co-Hosted by Cate Morris of Scout Financial Solutions

In this episode, we explore the Financial Wellness Buffalo, a unique financial framework inspired by Indigenous culture, guiding listeners through key steps toward financial well-being. From budgeting to asset protection, this framework balances immediate needs with long-term financial stability. We dive deep into understanding credit, with tips on how to access free credit reports from Canada’s major credit bureaus—TransUnion and Equifax—while avoiding subscription traps.

The episode then shifts focus to debt, introducing the concept of "good debt" and how it can be a tool for building wealth. However, managing debt requires careful planning. We offer practical steps for organizing bills, reviewing credit reports, budgeting, and negotiating payment plans with creditors. Tune in as we discuss how to maintain a balance between financial obligations and personal happiness, preparing you for a stronger financial future. Stay tuned for part two, where we continue the conversation on effectively managing debt!