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Stock impact report

Christopher Liew: How to pay off debt faster without feeling deprived [BNN Bloomberg (Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: BNN Bloomberg
Paying off debt often comes with the expectation that you'll need to cut out everything that makes your life enjoyable. This means no shopping, no dinners out, and no vacations. While tightening your budget can speed up your progress, going to extremes can leave you feeling discouraged and deprived. And when a repayment plan becomes too restrictive, many people end up abandoning it altogether. The reality is that debt repayment doesn't have to mean putting your entire life on hold. It's still possible to make progress while still enjoying small pleasures along the way. You just need to strike a balance between responsibility and life enjoyment that keeps you motivated, consistent, and focused on being debt-free. Pay off debt without sacrificing your happiness At the end of 2024, Equifax Canada reported that Canadians' total consumer debt topped $2.56 trillion , and that mortgage delinquencies were over 50 per cent higher than pre-pandemic levels. Economic fluctuations over Show less Read more
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