Paying for Life’s Firsts: Why You Shouldn’t Rely on Debt

Flickr/Sami Keinänen

Life is full of firsts. Some of them – your first steps, your first kiss, your first car – are worth holding onto forever. But there are other firsts – like debt, default and bankruptcy – that are best left undone. Unfortunately, a recent poll by TD Canada Trust found that people are increasinglypaying for some of life’s firsts with debt, rather than cash.

And while the big moments in life can indeed last a lifetime, that doesn’t mean you have to spend the rest of your life paying for them. With that in mind, here are a few major milestones Canadians are financing with debt, and why you should make saving up for them your first priority. Check it out in my new article on GoldenGirlFinance.ca: http://bit.ly/MDjx2r

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