Less than one-third of Canadians set a budget, and 30% find it difficult to track spending, finds a survey conducted by Leger and commissioned by the Canadian Prepaid Providers Organization (CPPO).
As a result, Canadians are looking for new ways to manage their finances. One-fifth use gift cards to set spending limits, one-in-four want a payment card with a spending limit, and 60% want online services or apps to help them budget.
Meanwhile, three-quarters (74%) of Canadians prefer not to carry a lot of cash and 78% use less cash than they used to. Despite this fact, 65% are concerned about using their debit and credit cards at online retailers, and 45% are worried about the security of their cards.
Here are some articles to help clients with their finances, and keep their personal data secure.
Keep clients out of the red in their golden years
Help clients secure their retirements
Is your private financial data secure?