One result of the coronavirus forcing many Canadians to stay home is a noticeable change in spending habits. With bars, restaurants, and shops closed, many people are noticing a rise in their bank account balance. Discretionary consumer spending is at extremely low levels, and a by-product of the current lock-down may be people taking a deeper look at their needs and wants. Obviously everyone’s situations are different, but for some, this forced-saving can provide an opportunity to adjust their monthly budget and potentially carry these new spending habits forward for when society shifts back towards a semblance of normality. The CBC created a piece illustrating this change in spending / saving habits. For the full article, please click HERE. If you would like to discuss your own monthly budgets, please let us know and we are happy to help.
