A recent survey by the Financial Consumers Agency of Canada found that money worries top Canadians’ minds – a greater source of stress than work, health and relationships.
Factors like the COVID-19 pandemic and rising cost of living are some of the daily challenges people are facing, clashing with their monthly income.
The study found that 37 percent of people say they are delaying retirement as a result of their financial situation and difficulty saving money.
Stuart Sutton, wealth advisor at Saskatoon Asante Wealth Management, says people should take control of their finances as soon as possible.
“We really feel it’s important to take charge of your finances,” Sutton said. “Many people are under stress because their money is under their control. We believe it should be the other way around – you should be in charge of your money.”
Sutton said that if people take action now, it will help them in the future.
Sutton says he will host a pair of free online seminars later in October.
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