Only On The Walters Post

It’s no surprise that 83%…? of Canadians are looking to change their spending habits. The economy is shaky, prices are climbing, and people are finally waking up to the reality that a lot of what they’re spending money on just doesn’t make sense.

Take housing, for example. How many couples are living in giant houses with rooms they never use? They’re paying a fortune in taxes, heating, and security for space they don’t need. Then there’s eating out, restaurants charging outrageous prices for meals you could cook at home for a fraction of the cost. And let’s talk about clothes, as some folks are dropping hundreds of dollars on designer brands, yet the cheap and expensive clothes are probably made in the same factory, just with a different label slapped on.

But this one takes the cake… literally. My son was in Toronto the other day and stopped by a coffee shop. They were selling six cookies for $27. Twenty-seven dollars!!! For cookies! My wife could make those at home for two dollars, if that. And they’d probably taste better too.

And here’s the kicker, the place was packed. People were lining up, happily handing over their money for in my mind, overpriced cookies, meanwhile, 45% of Canadians are struggling with day-to-day expenses. It should also be noted that over 60% are spending more than a third of their income on housing, and half of young Canadians feel like they’re living beyond their means just to get by.

The good news? More and more people are stepping back and asking, “Do I really need this?” They’re cutting back, making smarter choices, and realizing that financial security is more important than keeping up with appearances. Maybe this economic uncertainty will be a wake-up call. one that helps Canadians take back control of their money instead of letting their money control them.

Until the next time; Keep Your Minds Open & Your Stories Alive! GW