Over the last 9 months, Canadians have become world-leaders in saving. This is a nice contrast to the record high household debt-to-earnings ratios that were so prominently written about not even a year ago. However, the new emphasis on saving might simply reflect the absence of opportunities to spend rather than a true sea-change in people’s personal financial habits. This would mean that our pent-up demand could manifest as tremendous spending when restrictions are lifted. This article gives a terrific outline of how to use this unusual (and hopefully never to be repeated) period to reset your personal financial situation and set yourself up for success.


Click here to read the full article on The Globe and Mail