Dr. Bill Howatt on Financial Health; it was the #1 cause of stress amongst Canadians pre-COVID-19. Hear Dr. Bill’s tips on financial health management, for better mental health.
Before COVID-19, financial health was #1 cause of stress in Canada. It’s very common; approx. 177% of debt load is household debt. 54% of population was concerned about financial debt, ave. Employee spends 1hr/day distracted by finances. 9 million hours a day of workforce productivity lost on financial stress.
Tip: Take a look at your budget. Bills, discretionary and savings. Rule of 3 months of savings, at minimum. Feeling bad about past decisions is not helpful; look ahead. Differentiate want vs need. Use available resources. Avoid taking on debt. Be careful from whom you chose to take advice from (as a financial planner). Protect yourself from fraud.
Learn more at https://www.conferenceboard.ca/covid-19