Quarter of Canadians Have No Savings for Emergencies
Also, according to the survey, 9% said they had more than nothing, but less than a month in emergency savings, 11% had one month, 14% had three months of savings, 9% had four to five months, 13% had six months and 15% had one year or more of savings.
The most glaring fact based on this survey is that quarter of Canadians will have absolutely nothing in the event of emergencies such as accidents, sickness, etc. This shows a clear picture of the financial struggles many Canadians face and how many Canadians do not know how to manage their finances.
Are you one the many Canadians struggling with finances? KD offers many resources to help individuals and businesses manage their finances wisely. KD’s Take Control Your Finances online course is currently ongoing and is now on its 3rd week (of 12 weeks). In this course, participants will learn simple and practical ways to improve their finances. To learn more about KD educational and the resources available to you, please click on this link: http://kdprofessional.ca/kd-educational