Making Unique Observations in a Very Cluttered World

Tuesday, 6 November 2012

A third of Canadians counting on lottery win to retire -

A third of Canadians counting on lottery win to retire -

One in three Canadians is counting on a jackpot or a large inheritance to secure their financial future, according to a recent survey.

At the same time, more than two-thirds have felt anxious or lose sleep thinking about their financial situation, according to the study  commissioned by Credit Canada Debt Solutions and Capital One Canada

“It’s troubling to see so many Canadians putting more trust in the lottery than sound financial planning – but I see the effects every day in our agency,” said Laurie Campbell, CEO, Credit Canada Debt Solutions.

There’s no magic solution to gaining control of your finances.  It takes hard work and sticking to a budget that’s determined by your income.  More than two-thirds of those surveyed revealed they spend beyond their monthly budget.  Most admitted temptation and reward were the biggest reasons they overspent.

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