Don’t Get Mad Over Money

Canadians Fight Over FinancesSeptember 7, 2012

Get ready – here come the Friday night money fights. When it comes down to getting contentious, Canadians have no shortage of qualms over their cash – and no one is spared the wrath as family members and significant others alike come under fire over financial squabbles.

If you’re finding yourself in the midst of an inheritance dispute, or nursing a broken heart over a wayward budget, read on for ways to clear the air.

Issues With Inheritance

Leaving a financial cushion for bereaved loved ones may be a nice sentiment, but depending on a windfall from a will is becoming less of a reality. As economic conditions have rocked pensions – and as Canadians are living longer than ever – there are fewer golden nest eggs to go around.

Inheriting money is never straightforward. From family feuding to the ensnaring tax trap, we’ve got ways to help you cope.

Read Allan’s Blog | Issues With Inheritance

Money and Marriage

All may be fair in love and war, but when it comes to the finances, many Canadian couples just can’t see eye to eye. With 86 per cent of couples admitting to dueling over dollars, we have to wonder – what is it about money that makes us so mad?

We have a few communication tips to help couples get on the same page with their financial priorities – and how to resolve their money issues without the tears.

Read Melanie’s Blog | Money And Marriage

The Lottery: Why You Don’t Want to Win

Dreaming of a big-time lottery win? Sorry to burst your bubble, but… instantly scoring immense wealth won’t solve all of life’s woes. On the contrary, recipients of wealth windfalls find themselves the targets of schemers, opportunists and criminals alike – and completely ill equipped to manage such a large sum. A whopping one third of all winners declare bankruptcy within 5 years!

Read Diane’s Blog | The Lottery: Why You Don’t Want To Win

And in this week’s news headlines:

Back to School Reality CHEQUE

Our new research study found the real costs of getting a post secondary education – and they’ll shock you! According to our findings, it costs a total of $78,817 for a four-year diploma for students not living at home. While conventional wisdom indicates a degree or diploma are necessary for future career success, rising costs and compound interest are major hurdles to future financial security for university and college graduates.

Read Kelvin’s Blog | Back to School Reality CHEQUE

Canadian Economy Poised For A Second Recession

The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.

Read Penelope’s Blog | Canadian Economy Poised for Second Recession

Bank of Canada Stays at One Per Cent

The Bank of Canada has maintained its overnight lending rate at 1 per cent – for the 16th consecutive time. What does this mean for borrowers and investors alike – and will the rate rise any time soon?

Read Rubina’s Blog | Bank of Canada Stays at 1 Per Cent

You Answered!

Answer to Win!

This week we asked Canadians:

What financial topic causes the most conflict?

74.6 per cent of you say it’s cause for trouble when love meets money – failing to see eye to eye on financial goals is a surefire way to start an argument.

14.9 per cent of you say the issues arise most with inheritance – quibbling with family members over a will or estate can cause irreparable harm.

10.4 per cent say too much of a good thing is bad for you – coming across big money poses unprecedented financial complications.

Want to WIN an awesome price? Check out next week’s question: What’s your favourite savvy shopping strategy?

That’s it for this week – be sure to visit us on Facebook and Twitter for even more finance news and money saving tips!

Related Topics

Personal Finance / Personal Finance News

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