Being debt free is a shared goal for most Canadians - it's something many of us will think about at least once a month. As with any financial planning, it will require some commitment. You should always seek the advice of a professional - your accountant, investment advisor, or wealth manager for example.

Which Debt to Target?
The average Canadian is likely carrying a couple different kinds of debt. That debt might take the form of a mortgage, a student loan, or a credit card - so which one should you pay off first? To get started you need to become oriented to your financial landscape.

The Good, the Bad & the Ugly
It's perfectly reasonable to categorize your debt as "good debt" or "bad debt." Consider good debt as any borrowing that will help to build your financial future. Many people consider borrowing for a home, education, or growing a business to be be this kind of debt.

So, the flip side of good debt is bad debt. This includes anything that doesn't improve your financial position. It can also be a debt that you can't pay for in full within a month or two. Bad debt typically manifests in the form of credit card debt and you will pay a much higher interest rate.

You should tackle bad debt first.

It's Just Math
Where is the biggest boost going to come from? The smartest financial strategy is to pay off your highest interest rate "bad debt" first.

If you put $500 towards a $3,000 credit card bill with an 19% interest rate you save more than putting that $500 on a loan at 8%.

Start by doing an inventory of all your debt. Split it up by good vs bad and then order it from the highest interest to the lowest. This is where consulting a professional can be worth every penny you invest.

Sometimes, simplifying your money and consolidating high interest debt into a lower interest rate payment is the way to go. It can ease your monthly burden and move you further ahead to realizing your financial goals. We've helped thousands of Canadians simplify their money, so feel free to call if you'd like to learn more about lending solutions to reduce your monthly payments -
1-800-639-2274.

Health & Wellness

Along with this month’s smoothie recipe here are 3 great reasons to add a little exercise to your day.

1. It strengthens your heart. The heart is a muscle and responds to exercise by becoming stronger and more efficient.


2. It strengthens your lungs. A vigorous walk can increase your lung capacity as well as their efficiency in moving air in and out of the body.


3. It helps control your weight. Lowered weight is good for the heart and can be beneficial in people with diabetes.

Power Smoothie Recipe

Ingredients:
• 1 cup orange juice (unsweetened)
• 1/4 cup old-fashioned rolled oats
• 1/2 cup vanilla Greek yogurt
• 1 banana
• 1 1/2 cups frozen blueberries
• 3 cups baby spinach leaves
• 1 cup ice

Preparation:
Add all together in your blender and blend
to your desired smoothie-ness. :)