Canadians Not Budgeting For Mortgages Survey
Only 39 per cent of Canadians include mortgages in their monthly budgets, even though it’s one of their highest expenses, according to a recent online survey by IG Wealth Management, a financial advisory firm. A survey of 1,590 adults between July 28 and Aug. 8 found that budgeting is popular among Canadians, with 67 per cent of respondents saying budgets are useful for managing their monthly cash flow. Common budgeted expenses included groceries (90 percent), gas (72 percent), and entertainment and savings (54 percent each)....