A CIBC poll has discovered nearly half of us aren’t doing enough to achieve our financial priorities.
The polling found repaying debt was the top financial priority with the biggest concerns being credit cards and lines of credit.
Keeping up with bills was the second highest priority followed by growing investments.
48 per cent of respondents said they didn’t plan to cut back their spending on non-essential items.
Among those who accumulated new debt over the past year, almost one-third of those surveyed said the primary reason for overspending was day-to-day expenses beyond their monthly income.
According to Stats Canada, Canadians owe $1.67 for every dollar of disposable income.
