How to dig yourself out of debt in 2025 [Video]

Getting your finances in order is a common New Year’s resolution and experts say the best way to achieve that goal is to come up with a solid plan.

In 2023, a Leger Poll showed nearly half of Canadians are living paycheque to paycheque.

Some are hoping 2025 is the year to make better financial choices, especially as the cost of living keeps climbing.

“Definitely trying not to make frivolous purchases that are unnecessary,” one Waterloo Region resident admitted to CTV News on Monday.

Kate Childerhose, a financial advisor with Edward Jones, said the first step is breaking the paycheque-to-paycheque cycle.

“You need advice from someone, so you may go in and see an advisor,” she suggested.

Most experts agree there’s not a one-size-fits-all solution.

“It’s not so much the dollar amount that counts. What matters more is getting into the habit of saving and sticking to it. So start with whatever you can, even if it feels …