The push in the new year is to set New Year’s resolutions, and often the focus is on losing weight or earning more money. I would like to advocate becoming more financially fit. We should shed debt that weighs down our energy and bank account. Clarity gives access to action, so having an “accounting” of […]
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Articles & News
Most Canadians don’t feel confident about their financial planning abilities, and the numbers prove it. Over half (52 per cent) of Canadians are only $200 away from insolvency, and 31 per cent don’t make enough to cover their bills, according to a recent poll of 1,500 Canadians by insolvency consultancy MNP.
For much of the 20th century, many economists assumed people behaved rationally and in their own self-interest. If a person goes to the store and is deciding between two otherwise identical kinds of toilet paper? They’ll buy the cheaper one. If someone makes an offer to buy your house? You’ll do the math to figure out if the price is enough to justify the cost of a move, and take or reject the offer. Right?
Well, maybe not…