At times I feel like I preach too much in my articles about why I don’t think Canadians should take on debt. Why car payments should not be normal, why lines of credit payments should not be normal, why debt consolidation should not be normal, and I could keep going on.
Today there was a new article that you can find at the Huffington Post. http://www.huffingtonpost.ca/2017/05/09/consumer-debt-canada-mnp-sentiment-survey_n_16510320.html
This article discusses how half, that’s right 50% of Canadians are $200 a month from insolvency. This means that in any given month if their bills were $201 more than the prior month, they would not be able to pay all their bills.
How would that make you feel at night? Trying to lay your head down on your pillow knowing that you are one car breakdown, one missed shift, one minor inconvenience to knocking down your house of cards you call life.
It’s time to change our behavior and strengthen the foundation of our financial lives. It’s time to turn over a new way of living that may not be considered normal but removes the financial stress from our lives. It’s time for Canadians to create financial peace.