A northwestern Ontario financial planner believes living beyond our means has become the new normal, and that’s why so many of us are in debt.
Nicole Slongo’s comments follow a survey suggesting 51 per cent of Canadians regret not paying down more debt when interest rates were so low.
She believes that because it’s so easy to get credit, many are simply saying they’ll get it now and pay for it later.
If you find you have run into debt problems, Slongo suggests taking stock of all you have and find the smartest and least expensive way of paying it down.