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How Much Debt Can We Handle?

Part 1

Trans Union, one of the largest Credit Reporting Agencies in Canada, released a report this week informing the public that debt levels are rising, but we are managing okay. Sounds good, but, what does it mean?

The short answer: I don’t know.

How much debt people can handle, manage, or afford is really quite complex. Is it $25,000? $50,000? $100,000?

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Living Pay Cheque to Pay Cheque

Jun 4, 2013

33 percent of Canadians are Broke!

My eyes opened up wide when I heard on the Lang O’Leary show yesterday that 33% of all Canadians are living from pay cheque to pay cheque according to a survey conducted by the Certified General Accountants Association of Canada. I say that living from pay cheque to paycheque is a loud resounding danger signal that you are either broke or short of money – and probably have maxed out your credit lines and credit cards.

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