Prioritize Debt Reduction to Unburden Yourself

Average Canadian Individual Debt Increasing Earlier this year, TransUnion reported that the average Canadians non-mortgage debt increased from $20,785 to $21,348 in Q1 2016. This is an increase of 2.7% from Q1 2015. While personal debt is not necessarily a bad thing – particularly when interest rates are low, it is a bit concerning, especially since according to StatsCan the median total income in 2014 was $32,790. This means...

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