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Ontarians' spending plans take the biggest hit.
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When we think about holiday spending, often our thoughts turn to how much we will be spending on gifts for the kids, close friends and family. We might even have a budget and spending limits set for e...
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When was the exact moment that Christmas became synonymous with buying stuff I do not know, but it seems that we've reached a point of gifting no-return. The idea of simply spending Christmas with your family without the obligatory spending and consumption is not even a possibility. If you're an average person living in a Western nation you can be pretty confident that your intended gift-receiver already has everything he or she needs and most likely lives a year where their other superfluous wants are often met.
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CPA Canada released a Summer Spending Followup Survey, which revealed that 42 per cent of those surveyed were essentially on-budget this past summer. What does this have to do with holiday spending? Quite a bit, actually. Those who fared better followed a few basic principles we might all want to remember.
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If you remove money from that account, you're stripping tax-free compounding of some of its power. For example, you have $13,980 in your RRSP. Instead of letting it sit, you remove $5,000 for a trip to Vegas and some credit card debt, leaving a balance of $8,980. After 20 years you will have $16,220. That is (very basically) a difference of $9,000.
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Canadians did less cross-border shopping this holiday season compared to previous years, says the Retail Council of Canada. The council says Canadians did a lot of shopping overall. "The exchan...
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There will be nothing Grinchy about Albertans' spending this holiday season. Albertans plan to shell out the most cash of all Canadians this year, according to a recent Bank of Montreal survey, with...
During the 30 days leading up to Christmas students and youth aged 16 - 29 told us that they are spending more on holiday activities and gifts for others. And it doesn't end there. Most troubling for many students will be paying tuition next semester. Here are some tips from StudentAwards for how to beat the holiday spending crunch.
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Online shopping activity rises as shoppers search out great deals or look for ways to alleviate some of the holiday stress that comes with location-based shopping. So, how do you ramp up your online marketing strategy and increase sales this holiday season? I suggest focusing your efforts on the following areas.
Canadians will be a little bit more like the Grinch this season, cutting back slightly on the amount they spend on gifts — even as they increase the amount they spend on themselves, RBC reported Wedne...
We have all been there. Two weeks before the winter holidays, three gifts left to buy and zero dollars left in the holiday budget. For many, this is the point where we either stop shopping or cross that thin financial line and set ourselves up for a nasty holiday debt hangover. So, what do you do when the holiday well has run dry and you still have a few gifts left on your shopping list?
TORONTO - A RBC holiday outlook suggests Canadians may be a little more frugal this festive season.The RBC Canadian Consumer Outlook found that while the majority of Canadians appear to be in a gift-g...
TORONTO - A BMO holiday outlook suggests Canadians' spending spirits have improved this season, with the bank projecting an average 15 per cent jump in holiday spending over last Christmas.The Bank of...
Personal finance and debt advisers are asking consumers to consider putting their credit cards on a diet, rather than taking them out for workouts this Boxing Day. Scott Hannah, president of B.C.'s C...