For years we have been talking about interest rates eventually rising, but its now starting to look more like a reality. On top of this is threat of inflation, the prices of many things are starting to rise. These two things put a bigger and bigger squeeze on our income. Now is the time to start taking debt seriously and working hard to paying off debt while rates are still low. We want to make sure our hard earned money makes it into our pockets and that we are not giving $1,000's of dollars away in interest because of bad planning. So lets talk about at the Canadian debt situation, and things you can do to reduce your debt burden.