Create a Financial Plan
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Surveys are showing us that paying down debt continues to be a top resolution set by many Canadians. Canadians continue to be concerned about the current economic climate and the impact that inflation and high interest rates are having on their finances. Many Canadians are reporting that they are planning to cut back on spending in 2024. The majority of New Year’s resolutions set have failed by the end of February, and many don’t even make it to the end of January. We suggest creating a financial plan to help you meet your financial goals.
The Current State
We know that many households are struggling with affordability right now, and that they are using debt to fill the gap. According to Equifax ® Canada’s latest Market Pulse Consumer Credit Trends and Insights report: