Trends

Personal Finance: Where Canadians Stand

Written by Chelsea Dehner
Published Dec 21, 2010
1 min read
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Save more, spend smarter, and make your money go further

WIth the recent launch of Mint.com in Canada it seems there’s no better time to look toward our northern neighbors to see how they manage their money. We surveyed at total of 1,201 randomly selected Canadians 18 years and older, from October 26 to November 1, 2010. Note that these numbers are in Canadian dollars so you’ll want to check the current exchange rate to compare to the U.S..

When it comes to spending, a few facts stand out: Canadians spend $10 a week on coffee and $25 a week on lunch.

Canadians are most likely to spend over $100 on a dinner out or shoes.

And only one-in-three Canadians set and stick to a holiday shopping budget.

Average debt is a staggering $29,000!

Just as in the U.S., younger people 18-34 are finding it harder than older people to save enough or invest in their future.

For more check our latest infographic.

Save more, spend smarter, and make your money go further

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