Fixed Income Seniors Struggle To Learn How To Budget

DON’T LEAVE YOUR FINANCIAL DREAMS SCATTERED ON THE GROUND   Learning how to budget after never using one has caused two seniors we know anxiety over their financial future. If they could do it all over again they would change so much about the way they managed their money. They know they can’t turn back the clock and must face the reality of living on a fixed income with little to no retirement savings and lots of grandchildren. They are not alone as many Canadians on a fixed income struggle to make ends meet and must juggle their money to balance their budget, if they use one. Living on a fixed income is a big deal especially for seniors or individuals who rely on money from sources other than from an employer. Cost-of-living increases can cripple those who live on a fixed income especially if they have no other sources of extra money to take from. People are talking about finance and income so much these days particularly in Ontario because most people are struggling with soaring utility costs and high debt loads. Comparing a Hydro bill to a mortgage payment is not unusual for some homeowners these days. If […]

How a recent car accident opened my eyes

CAR CRASHES CHANGE YOUR LIFE   I was reading statistics on car accidents recently that says most drivers will be involved in at least 2 car accidents throughout their lifetime.   At the age of 31 I now fall into this statistic, being involved in my second car accident just a couple weeks ago now. I am hoping it will be the last. Being an experienced driver with over 14 years on the road neither of the car accidents I was involved in was I behind the wheel. I was the passenger both times and that has changed the way I feel about being a passenger. Read on. My first car crash was when I was 15 and was unavoidable. What happened was that some local livestock got loose from a farm and the dark country roads made for a crummy ending to my mother’s and my day. The most recent car accident I was involved in could have been avoided and was caused due to inexperience and panicking due to poor road conditions. Both car accidents have left me a cautious driver behind the wheel but the lack of control being a passenger in a vehicle has left me […]

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