Filed Under:Life Insurance, Life Planning Strategies

Canadians give low priority to finances in summer

Canadians expect to spend an average of $3,978 on non-essential expenses, the report reveals.
Canadians expect to spend an average of $3,978 on non-essential expenses, the report reveals.

One-third of Canadians say they take a mental vacation from thinking about their finances during the summertime, according to a new survey.

BMO Bank of Montreal discloses this finding in a summary of results from “BMO Summer Spending Report,” which polled 1,513 Canadians 18 years of age and over. Conducted by Pollara between May 23 and May 27, 2013, the survey is part of a summer series to determine the spending habits of Canadians during the summer months and how they plan to make the most of their finances.

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Nichole Morford

Nichole Morford
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