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ARTICLE · 04 MARCH 2021

Skyrocketing Savings Have Some Canadians Setting New Goals

Lawyers Financial
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According to Statistics Canada, a surprising side effect of the pandemic is the highest household savings rate in history.

CanadaFinance and Banking
Lawyers Financial
Lawyers Financial
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According to Statistics Canada, a surprising side effect of the pandemic is the highest household savings rate in history. Canadians have stockpiled savings somewhere between $150-billion and $200-billion.1

That has many of us rethinking our financial goals.

If you've been spared the financial fallout of Covid-19 and suddenly find yourself with higher-than-normal savings, remember: Extra cash doesn't change the fundamentals of your financial plan. Instead, it gives you a rare opportunity to fast-track your progress on the goals that mean the most to you.

Here are some ideas that can help you make the most of your extra savings.

STARTING OUT

YOUR GOAL: FIND YOUR BALANCE  

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