Being in debt feels like you’re always a step behind. It doesn’t help that debt is spoken about as something that’s your fault — too much online shopping, or too many pricey pitchers of mimosas at brunch.
For some travelers, all-inclusive hotels conjure up images of flavorless food served under a heat lamp in lush and vibrant destinations where guests never actually leave the resort grounds. Lower-tier liquor flows freely (the good stuff will cost you more), as the few overindulgers put a damper on the trip. That image is changing.
Emergency funds can provide some peace of mind for those handling obstacles big and small that come up in life. They also ensure that you can maintain any progress you're making on financial goals, even if that's just making ends meet and getting paid on time, said Alyssa Davies, author of the new book Financial First Aid: Essential Tools for Confident, Secure Money Management, who lives in Calgary.
Home Economics newsletter: A gut-check for your investment portfolio, pay increases and the ‘lifestyle creep’ that can come with them and how to change your driving behaviour to save on gas
One financial expert said she often sees lifestyle creep - where discretionary spending increases alongside someone’s pay - with clients. Even after getting a raise or new job with higher pay, they remain stuck living paycheque-to-paycheque.
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