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Take charge of your debt
The Debt-Free Lifestyle: A strategy for the average Canadian by Christine Conway
Barlow Books, $21, 188 pages
Who it's for: Anyone who wants to take control of their personal finances.
More specifically: Those who want to own a home in a major Canadian city without being a slave to a massive mortgage debt.
Is there a strategy: Yes. Conway starts with a primer on debt then offers a strategy that includes prioritizing debt without going into a state of deprivation.
Why we like it: As a Certified Financial Planner, Conway knows that how we react to money is just as important as what we spend it on. She’s set up a system that helps keep the budget process simple and current.
Surprising fact: Conway eats her own cake. She and her husband bought a home in B.C.’s Lower Mainland and still eliminated $150,000 in debt in just six years.
Action item: Set aside 15 minutes every two weeks to follow the “simple budget system.”
Key takeaway: “Debt will always have its place, but as consumers it is our responsibility to understand it and take back control.”
Review by Romana King