Financial Planning for Canadians – How Lone Parents Can Take Control of Their Money
When it comes to financial planning for canadians, Canadians are tackling many different goals – from paying down debt, saving for retirement, and establishing emergency funds. However, a substantial proportion of Canadians struggle to meet their financial goals and stay on track with bill payments. This is particularly true of lone parents, who are more likely than other Canadians to fall behind on their finances.
More than a quarter of lone parents report falling behind on their financial commitments. For this reason, lone parents need to set financial goals that will help them take control of their money and stay on track with their bills and other financial obligations.
Navigating Financial Matters as a Canadian Expat: Key Considerations and Resources
One of the most difficult financial challenges to overcome is establishing an emergency fund. In fact, less than half of Canadians have an emergency savings account that would cover three months of expenses. However, a significant portion of Canadians are trying to save for this goal and the results are encouraging.
It is also worth noting that over the past five years, about four in 10 Canadians have sought to increase their knowledge and skills regarding financial issues. This was done by reading books or other printed materials, conducting online research and pursuing financial education through work, not-for-profits, and community organizations.
When it comes to financial planning for canadians, Canadians are tackling many different goals – from paying down debt, saving for retirement, and establishing emergency funds. However, a substantial proportion of Canadians struggle to meet their financial goals and stay on track with bill payments. This is particularly true of lone parents, who are more…