Paying Down Debt: A Priority

Canadians are spending more on debt repayment

A recent survey by Mintel revealed that Canadians are heeding the warnings about household debt and are making it a priority to chip away at their debts.  They’re also making a point of spending less on restaurants and more on groceries, highlighting a shift away from dining out and the pricey bills that come with it.

But there’s a big difference between priorities and actions.  The report also pointed out that some Canadians were hesitant to guarantee that they would be able to achieve their goals.

Air 106.1FM from Airdrie, Alberta, spoke with Consolidated Credit’s Jacob MacDonald about how Canadians can properly budget to help ensure they successfully pay down debt.

Click here to read the article or listen to the sound clip below:

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