Recent studies suggest that an increasing number of Canadians find themselves in debt and are spending as much on debt interest as education. This does not mean, however, that Canadians aren’t taking action: a poll conducted at the end of 2016 revealed that paying down debt is the top financial priority of over 28 percent of Canadians. It also seems that they are trying to lead lives debt-free, as 70 percent of Canadians did not take any new debt in the past 12 months. With these encouraging numbers, one can’t help but be inspired to take the first steps in reducing their own debt. Start your own journey to becoming debt-free by heeding these tips from 4 Pillars Victoria Nanaimo, Port Alberni, and Courtney consultants.
