Let’s face it, money stress — whether there’s enough to pay the bills, the rising cost of living or mounting debt — keeps Canadians up at night.
Meet Money123, a new newsletter by money and consumer reporter Erica Alini.
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Starting Feb. 17, Erica will send Money123 to your inbox each Saturday morning. All week, Erica has been digging into some of the biggest money questions we all have (How much do I really, realistically need for retirement?) along with some you probably didn’t know you had to ask (A TFSA might be better than an RRSP?).
When it comes to finances, it’s a tricky time of year. The post-holiday debt hangover lingers, but we’re under pressure to make an RRSP or TFSA contribution (with what money!?) before a looming deadline. Couple that with an unexpected home or car repair, and that’s more than enough to cause sleepless nights and family fights.
Just 54 per cent of Canadians say they’ll be able to cover all of their living expenses over the next year without going into further debt, according to an Ipsos poll conducted last month for MNP LTD. More than half (55 per cent) of poll respondents aren’t confident they’ll be debt free after they retire.
“Given all of the attention paid to interest rates recently, Canadians are beginning to understand how in debt they really are,” said Sean Simpson, vice president of public affairs for Ipsos. “With interest rates continuing to rise, the situation is bound to get worse.”
While she can’t promise to solve all of your money problems, Erica will discuss the most-talked-about money stories of the week. From tips on how to reduce debt and save more to explainers on what’s going on with Bitcoin and a wide variety of topics in between, Money123 aims to ensure its readers have all of the information they need to make smart money decisions.
This newsletter is about sharing information that will enable you to make smart decisions with your money. But the conversation is a two-way street. Erica wants to hear what’s on your mind so that she can incorporate it into her weekly newsletter.
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