Manage Debt – Is your debt growing out of control?

Manage DEBT – Is your debt growing out of control?
It is important to manage debit efficiently to help balance cash-flow. More Canadians are retiring with higher amounts of debt than ever before. And there is a growing number of seniors who are considering declaring bankruptcy.

As you know, it is important to prevent debt from spiraling and have it under control. The main reasons for debt are overextension of credit, insufficient or loss of income, and unexpected medical expenses.

To off-set our debt we may be forced to continue working longer or picking up a part-time job in retirement, refinancing the home or renting space within the home. Simply spending less today may help to balance cash-flow or simply down-size expectations.