The new year brings a new round of resolutions, with 69% of Canadians aiming to improve their lives in some way in 2018, finds a Tangerine survey.
Of these Canadians, about one-third (32%) say they plan to improve their financial health. Methods to accomplish this include:
- spending less (45%)
- saving more (41%) and
- paying down credit card debt (31%).
And one-fifth of Canadians (19%) say they want to invest more.
Sure, these resolutions are laudable, but will they have a lasting effect?
Of survey respondents who made money resolutions in the past, 55% said they kept those resolutions for up to 12 months.
However, younger Canadians fared less well: one-quarter (26%) of millennial money-resolution-makers kept their resolutions for a month or less.
About the survey: From Dec. 5 to Dec. 11, 2017, an online survey was conducted among 1,005 randomly selected Canadian adults who are Angus Reid Forum panellists.