This September, both of my children will officially be in school. It’s hard to believe time has flown by so fast, but it’s also hard to believe how much money I’m expected to spend on school supplies.
The answer is simple, more debt than you can pay is too much debt.
If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well.