Atlantic Canadians in the Holiday Homestretch

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.

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