The truth about "DEBT" & what to do about it

There is a four letter word that keeps Canadians up at night and it starts with........wait for it.....no not "F"......yes it starts with "D".

The word is "DEBT".

Do you have any? How comfortable are you with your debt level and are you looking for a way to minimize your debt? 

Here are some interesting facts from the latest Manulife Bank Homeowner Debt Survey. It found: Many Canadian homeowners, particularly Millennials, lack the financial flexibility to adjust to rising interest rates, unforeseen expenses or interruption in their income.

Key findings

• 25% of Millennials have no emergency savings
• One in four homeowners were "caught short" at least once in the past year, with insufficient money on hand to manage daily expenses
• Almost half of Millennials received help from family members with their first home purchase

Read more survey highlights

See these short videos:

Video -Debt Survey Spring 2017

Video - Why is it so hard to pay down debt?

To discuss debt solutions feel free to contact me.