Are you feeling financially stressed?

Nov 25, 2019 | 10:50 AM

Did you know that 48% of Canadians say they’ve lost sleep because of financial worries? Financial stress can be detrimental to mental and physical health, families, relationships and even productivity.

Sources of financial stress can stem from many places like living paycheck to paycheck, dealing with high levels of debt, and the increases in household expenses such as heat, power and groceries. This can make it difficult to save for children’s education or retirement. You can really become stressed with an unexpected expense like a major car repair or household breakdown such as a furnace or water heater replacement or repair.

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Consider these tips to relieve that financial stress during this holiday season: budgeting, paying down debt, planning an emergency fund, starting a savings plan and protecting yourself with insurance. Even just putting a few dollars aside from each pay can begin to help. It may be time to reach out to a professional to help you alleviate financial stress.