Tuesday, June 9, 2015

Ask a Victoria 4 Pillars Consultant: Are You Slowly Sinking in Debt?

Recently, Statistics Canada found that the ratio of household debt and disposable income reached a record level of 163.3 per cent during the fourth quarter of last year, meaning there are a lot of people finding themselves slowly sinking in debt. Balances on credit cards and buy-now-pay-later loans are just among the numerous debts most people are facing nowadays, and most of them are unknowingly treading the path to bankruptcy. Though debts might seem inevitable, they don’t have to take a toll on your life and your finances. Bad financial habits like overspending and the like could put you a step closer to sinking in too much debt. With the help of a Victoria 4 Pillars consultant like Blair Greenwood, you can determine whether the debts you have now are manageable or not.

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