Pattie Lovett-Reid’s ten tips on managing your finances amid runaway inflation
BNN Bloomberg
Canadians are angry, frustrated and exploring their options in order to make ends meet. Real estate prices have skyrocketed, food prices are soaring and gas prices have been inching higher while salaries haven't kept up with the cost of living.
Young families are increasingly having to make tough decisions, financially speaking.
Nick and Jane are a classic example - eager to start their careers and family, while at the same, coming to grips with the harsh reality that living in a major urban centre isn't going to be part of the plan.
They made the decision to buy in a much more affordable community, just outside of Peterborough, Ont.
As a young couple, they make a great living. He is the chair of physical education in a local high school and she works at a foundation in a major hospital.
They now have one child and are contemplating a second.
However, life has become expensive. Really expensive. They moved to a more affordable community but, now, their commuting costs are going through the roof. In fact, most costs are going higher and the money they did have left over at the end of the month can no longer be redirected to savings as it once was. They are getting by but the frustration is growing and they just don't see a solution any time soon.
