October 30, 2016
We often speak about how to manage household debt, and what can be done.
This article will explain you the situation: http://business.financialpost.com/news/economy/canadas-record-household-debt-is-threatening-its-financial-stability-global-bankers-fear?
Although careful budgeting is essential, we should all know about our debt ratio to measure our level of indebtedness, as well as our capacity to reimburse our creditors. One's debt ratio should be measured annually to ensure that the financial situation doesn't detiriorate. Use our debt ratio tool: https://jeanfortin.com/en/assess-your-situation/are-you-in-over-your-head