These are the reasons you’re financially stuck in a rut

0
696


By Rob Carrick

The Canadian economy is finally starting to build some momentum – that’s why interest rates are starting to move higher. Do you feel like you’re getting ahead financially? If not, here are some fresh insights about personal finance habits that may help. They come in the form of five misconceptions about money that touch on some important themes, notably that being in debt is the new normal.

There’s no doubt that low interest rates have made us more comfortable holding debt, be it a mortgage, line of credit or car loan. But rates have edged higher in the past few weeks and could do so again. As rates rise, I’d like to see debt reduction become the new normal.

There’s reason for optimism about Canadians finally curbing their appetite for debt. In the first quarter of this year, household income rose more than debt levels.

Read the Full Article at www.theglobeandmail.com >>>>

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous article5 Dumb Day Jobs Of Superheroes, And What They Could Be Doing
Next articleHere’s One Of The Most Overlooked Jobs Of A CEO