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Debt vs. investing: What's the right balance?

This photo shows a stack of MasterCard and VISA credit cards

Jochen Krause/Jochen Krause/AP

Thanks to historically low interest rates, Canadians have recently been taking on ever-increasing amounts of debt. And while recent analysis suggests our appetite for debt is slowing, Canada's household debt levels are still high by international standards. It's clear that we need to get our financial house in order.

So how should debt servicing figure into your finances? Some experts believe that being debt-free is the surest way to a secure retirement, while others suggest one can pay down debt while setting money aside for saving and investing.

David Trahair, author of "Crushing Debt" and Bryan Borzykowski, author of "Building Wealth for Canadians For Dummies" took your questions on Friday, Dec. 2. If you missed it, you can read the coversation below.

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