With the average Canadian debt level at 162% of disposable income, debt might be the most important thing to talk about. We have developed and fostered a culture of "now", and with the availability and ease of use of credit “now” has become more and more pervasive and it comes at a cost. So what is the cost of "now"? That depends and this might be a good place to start the conversation. What does credit cost? In the olden days, if you wanted to buy something you simply had to save up until you had enough money to buy it. Now, you can just swipe a card and be off enjoying your new purchase; but just how much that purchase will cost you depends on what interest rate you pay and on how long it takes you to pay that balance off.