Avoid debt

Make sure a credit purchase is something you really need and that you can afford the payments. Debt can pile up quickly.

Buying on credit is easy and convenient, but can also be very expensive. Before buying anything on credit ask yourself if you really need the item. Would you still make the purchase if you had to pay in cash? Take time to shop around and compare.

If you must use credit, use it wisely.

* Some of these resources are provided by the Financial Consumer Agency of Canada.