These stories of regular Canadians and their struggles to repay large amounts of debt were very popular with readers. Kudos to them. To share your debt-reduction journey with the Globe, click here.
This 27-year-old repaid $28,115 in debt - in under two years
Drinking, divorce put ex-banker $85,000 in debt. How did he get out?
“It was part of the bank culture at the time,” the Winnipeg man said.
“I spent a lot of money on drinking, dining out, clothes and my life at
home. I have no idea how much I spent but I gather it was substantial
in relation to my income.” Read the full story here.
B.C. couple revamp lifestyle to start repaying $52,200 debt load
How did this woman repay $26,000 in student debt? She planted trees
“I did an arts degree, so there was no clear career path for me,” she said. “And I knew that moving forward, if I
wanted to do something like go to grad school, it would be prohibitive. I
had to get this debt under control.” Read the full story here.
How this 23-year-old grad tackled $53,349 in student and car loans
“I did all the normal student stuff: I went out, ate out, and yes, I
borrowed to the max,” she said. “It never occurred to me to try to not
borrow as much as I could, it never occurred to me not to spend it all. I
thought that going into debt was normal, that this is what everyone
did.” Read the full story here.
Indebted Ottawa couple says "I do" to saving for their $25,000 wedding
“We want to get married and weren’t willing to sacrifice a wedding or
wait – he is military so there is always a chance of a forced move or
deployment – so we are trying to get married as cheaply as possible,
without sacrificing the big things,” she said. Read the full story here.
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