As the holiday rush starts to slow, stress from holiday spending starts to grow.
Many Canadians are feeling the squeeze post-Christmas and Boxing Day shopping, which financial experts say is compounded by the high cost of living, inflation and debts.
“I feel like it has been way more expensive this year,” said Laurie Nstrashok from Calgary.
“I certainly did not spend as much because the prices were so high.”
It appears she isn’t alone.
According to a new Nanos poll, Canadians were nine times more likely to spend less this holiday season, at 48 per cent, compared to the same time last year.
When it comes to groceries, spending on food at home over the holidays was a wash, with one in two Canadians expecting to spend relatively the same amount as compared to 2023.
If you’re heading into the New Year with a financial holiday hangover, monetary experts suggest making a plan heading into January.
“Pay yourself first. Before …