This Globe and Mail article features a 32 year old who owes $45,000 in unsecured debt. He shares with us his debt repayment plan.

What is great about this Globe and Mail article is that it shows us a millennial with a debt repayment plan.

We see that he owes $45,000 in unsecured debt and he describes the sacrifices he is making now to ensure he keeps to his plan of paying off his debt within six years.

He is even putting off purchasing a house even though technically he could afford it according his bank.

My favorite part of the article, however, is a quote from Blake Griffith from Sun Life Financial:

“The big benefit to doing a budget is to see where your money goes … then you can start making informed decisions based on your financial picture.”

Mr. Griffith is absolutely right.

Click here for the full article from The Globe and Mail