Ask the Financial Planning, Insurance & Investments Expert – Christine Conway, CFP, CHS

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Ask the Financial Planning, Insurance & Investments Expert – Christine Conway, CFP, CHS

It’s nearly Christmas which is a wonderful reminder to cherish and give our time to the things that matter most: our families and loved ones. It is a time of feasting, celebrating, and of course, giving gifts.

There doesn’t seem to be any other time of year that has the awesome power of getting us to open up our wallets quite like Christmas does.  From the sales, to wanting to keep up with the Joneses, or the simple motivation of wanting your children to have nice things, we all seem to part with our hard earned dollars at an alarming rate.

This can cause a great deal of stress for some people, and while the retail cash registers are ringing, those without a proper spending plan in place can see their debt load increasing.

According to the credit rating agency TransUnion the average consumer debt balance for Canadians excluding the mortgage in Q2 2015 was $21,028.

Do you have a plan to deal with your debt once the season is done?  Having a simple and easy system of managing your cash flow can be the difference between paying off your debt quickly as opposed to having your purchases cost far more than they’re worth because of the interest payments charged on the balance your carrying.

Give us a call or 604-521-3778 or send me an email at  christine@braunfinancial.com.  We’re always happy to help, www.braunfinancial.com.