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Q: My husband and I earn a decent income but we never seem to get ahead of our debts. What can we do?

E Diana says...
First, don’t beat yourselves up. According to a recent poll by Ipsos-Reid, one-third of all Canadians are concerned about their current debt load. Taking simple steps can make an immediate impact on curbing your debt. For one thing, chill the frappé lattes. What­ever your indulgence, a mere $2 daily habit adds up to $60 a month or $730 a year. And while you’re cutting out the lattes, cut up your cards. Ac­cor­ding to the Credit Coun­selling Service of Toronto, the biggest mistake that people make is having too many credit cards. Even one card can do sufficient damage.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.