The Bank of Montreal Issues 5 Tips on How Not to Hit Your Own Debt Ceiling

04 August 2011 - Which Way to Pay

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The Bank of Montreal Issues 5 Tips on How Not to Hit Your Own Debt Ceiling

The US have finally signed a debt deal in order to avert the potential debt default, which would be internationally disastrous. The Bank of Montreal has issued 5 tips on personal finance to avoid your own debt ceiling being reached.

1. Donít spend more money than you have!

2. Curb your credit card debt.

3. Become mortgage free as soon as you can.

4. Invest your savings, ideally through the new tax-free savings accounts.

5. Have a plan if you do have to file for bankruptcy.

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