Pay off your debt, don't just pay it down

<br><br>Do you remember when people bought only what they could afford? My father used to say, �most debts are fun when you are acquiring them, but none are fun when you set about retiring them.� One of the biggest challenges Canadians face is trying to balance paying down debt while saving for the future. Deciding when it makes sense to do either is about considering the effects of compound interest � when it is working for you and when it is working against you. <br><br>