How to get out of debt ASAP

If you have resolved to get out of debt in 2014, you're not alone. A recent study from TransUnion has shown that 47% of Canadians have made similar resolutions for the New Year.

Personal debt can be ominous, and unfortunately, many meet this fear with avoidance. In this Financial Post article, Melissa Leong shows how to tackle your debt head-on, in a few easy steps such as:

• Cutting down, or cutting out use of high-interest credit;
• Draw up a detailed budget to determine areas that will allow you to cut back;
• Record and track your goals;
• Start with the debt that carries the highest interest rate;
• Talk to an Ottawa Mortgage Broker to see if you qualify for debt consolidation at a lower interest rate.

Click here for the full article from the Financial Post.