Don’t go into debt to show mom you care
Mother’s Day is almost here, and if you have yet to buy a gift, you might be panicking. Surveys show that Canadians spend around $100 on their moms, and if you’re doing a last-minute scramble, chances are that number will rise.
With half of Canadians living paycheque-to-paycheque, with record-high debt levels, Consolidated Credit urges consumers to carefully prioritize their spending and live well within their means. Sons and daughters could easily spend a quarter of the average gift price, then use the rest to help build a savings account or pay down debt.
Jeff Schwartz, executive director of Consolidated Credit Counseling Services of Canada, recently spoke with Global News about some inexpensive gift ideas for mom that will put a smile on her face without putting a hole in your budget.
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