Taking care of personal finances in challenging times

Lesley-Anne Scorgie, founder of MeVest, a financial education company, talks about the importance of taking care of your personal finances during these challenging times.

It's Your Business with Mario Toneguzzi: Lesley-Anne Scorgie, founder of MeVest, a financial education company, talks about the importance of taking care of your personal finances during these challenging times. Click on the icon below to Subscribe to our YouTube Channel

Canadian debt levels on the rise

Calgary’s average debt excluding mortgages was $28,890 which was down 3.64 per cent from a year ago. But the delinquency rate of 1.46 per cent rose by 12.54 per cent

Canadian debt levels on the riseDespite the economic impact of COVID-19, a strong recovery in the Canadian housing market and a slower paydown of existing mortgages helped push total consumer debt to 1.991 trillion dollars in the second quarter, according to Equifax Canada’s most recent report on consumer credit conditions.  The report said consumer debt in Canada has risen by…

Alberta consumer debt levels soar above national levels

In the fourth quarter of 2019, Calgary had the highest average of consumer credit debt, excluding mortgages, of all major Canadian centres at $29,789

Alberta consumer debt levels soar above national levelsSome alarming numbers out on Thursday about the level of consumer credit debt in Alberta. A report by Equifax shows that the province - and its two major cities Calgary and Edmonton - lead the country in average debt excluding mortgages. And the delinquency rates on that debt after 90 days is on the rise.…

Almost 80% of Gen Xers have financial concerns

Study finds 58% of Canadians consider themselves savers, while 37% self-identify as spenders. Boomers most likely to identify as savers (62%)

Almost 80% of Gen Xers have financial concernsA survey released by Edward Jones on Tuesday says 77 per cent of Gen Xers (40-54) have financial concerns while only 47 per cent of Boomers (55-75) state they do not have any financial worries. While Millennials (25-39) and Boomers (55-75) are more likely to spend their money on experiences such as dinners, concerts, and…