ARE YOU READY TO FLATLINE?
According to former CIBC Chief Economist Jeff Rubin we need to prepare ourselves for the economy to flat-line for a few years. For most of us that means knuckling down, paying down debt and easing back on spending. If Mr. Rubin’s predictions are accurate we will not see improvements in our incomes for at least another half decade perhaps even longer.
Are you ready to live on the level? Is your budget projecting growth? Can you restrict your spending? If you need to review your budget the best place to start is with superfluous expenses like eating out, alcohol, smoking and other lifestyle expenditures. If you need help with understanding and managing your budget, give our office a call, we would be happy to spend a few minutes helping you out.
The audio link to the CBC radio show “Ideas” with Paul Kennedy can be found here – the whole episode is almost an hour but it is informative and entertaining.
Here is a second link (not imbeded) to the show: http://www.cbc.ca/ideas/popupaudio.html?clipIds=2342315880