The pandemic has proven the importance of staying ahead of the finances
What are you going to do with this extra money?
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Canadians seem to have more savings than ever before because of the pandemic. After all, when you’re homebound for over a year, there aren’t many places to spend your money. And really, there isn’t a whole lot of online shopping you can do. So thanks in part to government grants, coupled with the fact that our closet was all sweats, all of our entertainment went through Zoom and we actually learned to cook – a lot of our bank accounts grew. They have increased, in fact, in the order of $ 5,574 per Canadian on average, compared to $ 479 in 2019. So now what are we going to do with all our money?
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Now that some of us are heading back to the office, we may need to complete our wardrobes, and no doubt we will want to get back to the “real world”. But a better consideration, a wiser consideration, may be to make investments, budget for the future, plan to pay taxes (you know what they say about death and taxes!)
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