Having any amount of debt is difficult, but what’s even more difficult is trying to pay down that debt while still dealing with the cost of your daily life. This is why we can’t recommend enough our number one strategy when it comes to dealing with your debt, create a game plan that works for you and your lifestyle.
Like most things in life, debt is hard to deal with when you have no idea what’s going on. This is why you need to get organized and figure out exactly what’s going on with your finances. Whether or not you want to take our lead and pretend that you’re your favorite football team and that your debt is a rival team, is up to you, but we do think the fundamentals of paying down your debt are the same. Take a look our latest infographic below and learn how to tackle your debt once and for all.
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Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.
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