Ahlem Girma Estate Manager
Servicing: Halifax (Hollis), New Minas, Bridgewater, Digby, Halifax (Young St.), Yarmouth
- phonePhone: 902-334-2007
- phoneToll Free: 1-888-792-3328
- email [email protected]
- phoneFax: 902-701-3690
Contact Ahlem Today
2024-05-30
How To Budget For Inflation (MNP 3 Minute Debt Break)
Lifestyle Debt
The cost of daily goods has been rising over the past few years, increasing the price of food, gas, clothing, and other essential items Canadians need. According to the Bank of Canada’s Inflation Calculator, costs have increased by 15 percent from 2020 to 2023. This means an item that used to be $1.00 now costs $1.15. If your income hasn’t increased by 15 percent in the same period, you might be feeling the pinch of inflation on your budget. Now might be a good time to revisit your budget to ensure your monthly income covers your expenses.