Debt
Kicking Debt Down The Road
Canadians started piling on the debt after the financial crisis in 2008. Back then our household debt-to-income ratio was sitting around 150 percent ($1.50 owed for every dollar of disposable income). Today that number hovers around 177 percent. We are kicking debt down the road, instead of kicking it to the curb. It can be…
Read MoreDebt Avalanche vs. Debt Snowball: When Math Trumps Behaviour
John and Erica Mullen are in their mid-thirties and have two young children at home. Together they earn well over $100,000 per year, but a combination of poor choices and unlucky circumstances have left them buried in debt. Their substantial income affords them the luxury of not having to turn their life upside down by…
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