Kick Blue Monday to the curb!

The third Monday in January is deemed the saddest day of the year

TORONTO, ONTARIO, January 16, 2017 – Many Canadians may be feeling a little down today. Why? Monday January 16 is deemed the most depressing day of the year. “Blue Monday” is such because many consumers are trying to come to terms with their credit card debt from the holidays, some are just getting annoyed with the weather and miss the holiday season all together.

“January is such a difficult month– many are dealing with their credit card bills while others are frustrated with not being able to keep up with their financial obligations,” says Jeffrey Schwartz, executive director, Consolidated Credit Counseling Services of Canada.

“I understand Blue Monday may be a sad day for many or some consumers may be struggling with “Bill Avoidance Disorder” whatever the case – it is possible to turn your personal finances around. The key is to face it head on and create short and long term goals to manage your looming credit card debt,” says Schwartz.

To ease the Blue Monday blahs Consolidated Credit Counseling Services of Canada offers the following tips to help Canadians overcome their finance blues:

Accept reality

Reality can be a hard to pill to swallow at times however you have to accept it for what it is. If you are feeling stressed out over your holiday debt, get on the offense and create a plan of attack. Decide how you are going to overcome your mountain of debt. Create a plan, with a budget and be ruthless until you’ve achieved your goals.

Just say no

Skip the retail therapy and just say no-no more new debt. Additional debt will only make your debt problem worse. Put your credit card on ice and use cash or your debit card where ever possible.

Be S.M.A.R.T

It’s a new year and it’s common for many consumers to create resolutions to set the tone for the year. Ditch all of your resolutions and create S.M.A.R.T. goals (Specific, Measurable, Attainable, Realistic and Timely).


Debt can ruin anyone’s day. The burden of debt can be too heavy to carry alone. When in doubt, seek the trusted advice from a trained Credit Counsellor to plow through your debt.



About Consolidated Credit Counseling Services of Canada, Inc.:

Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance.

For more information or to request an interview with Jeffrey Schwartz, please contact:

Natasha Carr, Community and Public Relations Manager,
Consolidated Credit Counseling Services of Canada, Inc.,
T: 416-915-7283 ext.1041, C: 416-830-4720, F: 416-915-5200, E: [email protected]

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