Posthaste: Canadians are worried about rising mortgage payments, but that doesn't mean they're budgeting for them

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Only 39% of mortgage holders include their mortgage bill in their monthly budget, survey says

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The good news is that a majority maintain a budget to help keep their spending on track each month. The top expenses they account for include grocery bills, filling up at the gas station, entertainment and savings. It’s crucial to have a clear picture of your finances as the cost of living rises. High inflation has pushed the prices of necessities to eye-watering levels, and people are feeling the pinch. For example, food prices were up 9.9 per cent in July from the same time last year,

 

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How on earth can you budget for this with the price of the most basic things going up? I haven’t gone to a movie, eaten a meal at a restaurant or even bought a coffee from a shop.I have cut out what is a luxury just to stay a float.I would love to spend 12k/month like JT on food

Perhaps people don’t have means enough to budget between food and payments to institutions. How about considering that?

What goes up.... 😳

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