East coasters have above-average budgets for the holidays
The clock is ticking for holiday procrastinators. Christmas Day is rapidly approaching, and Canadians are hitting the shopping malls and websites in droves. A recent survey from BMO shows that the average budget is around $1,600, covering gifts, travel, entertainment, and other yuletide spending.
The average budget in Atlantic Canada is higher than the national spend, ringing in at $1,733.
Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, recently appeared on CTV Atlantic News, sharing tips to help keep budgets on-track in New Brunswick, Nova Scotia, PEI, and Newfoundland.
Schwartz’s tips include:
- Making a budget and sticking to it.
- Using cash instead of credit.
- Having potluck-style parties.
- Being prepared to pay down holiday debt early in 2016.
Are you worried about the holiday bills destined for your mailbox in 2016? Are you treating the holidays as a ‘buy now’ and ‘pay later’ season? Take control of your finances today by calling a trained credit counsellor at or try our Free Debt Analysis online.