{"id":9382,"date":"2022-01-27T08:47:25","date_gmt":"2022-01-27T13:47:25","guid":{"rendered":"https:\/\/ginsberg-gingras.com\/depenses-familiales-garder-le-controle-peut-etre-essoufflant\/"},"modified":"2022-02-08T14:53:24","modified_gmt":"2022-02-08T19:53:24","slug":"family-spending-keeping-control-can-be-exhausting","status":"publish","type":"post","link":"https:\/\/ginsberg-gingras.com\/en\/family-spending-keeping-control-can-be-exhausting\/","title":{"rendered":"Family spending \u2013 keeping control can be exhausting!"},"content":{"rendered":"

Households were granted instalment payment holidays or payment relief at the beginning of the pandemic, allowing them to save money and even create a cushion.<\/span><\/p>\n

In addition to these measures, others decided to refinance their properties to pay for renovations and home improvements (adding a swimming pool, outdoor furniture for the family, etc.) or to pay off debts (lines of credit, personal loans, credit cards). The number of new vehicle purchases also increased in the first year of the pandemic.<\/span><\/p>\n

Now it is 2022, and studies and news reports show that Canadian household debt has returned to pre-pandemic levels.<\/span><\/p>\n

However, increases in the cost-of-living outpacing pay hikes are now a major factor into family budgets. In the past, cost-of-living increases did not\u00a0 influence decisions with regard to day-to-day spending on groceries, recreation, vacation, housing, etc.<\/span><\/p>\n

Get started<\/b><\/p>\n

When you plan a trip, you set your GPS and follow the directions. Making a budget is as important as entering a trip destination in your GPS. If you turn left instead of right, the GPS will suggest a new itinerary. It\u2019s the same for a budget.<\/span><\/p>\n

If it isn\u2019t possible to increase income, spending has to be reduced. But on what?<\/span><\/p>\n