Are You A “Passive” Saver?

Get “Active” Today!

How are Canadians increasing their assets these days? According to Statistics Canada, it’s not by tucking away a few dollars for a rainy day. In fact, Canadians are now spending more than their disposable income but somehow household “net worth” has continued to rise.

How is that possible? The average house price in Canada has risen by almost 50 per cent since 1997. As a result, Canadians are saving their money “passively” through gains in the real estate market and equities, rather than actively making financial savings. But experts are predicting that the real estate boom is due to level off in the near future, so households won’t be seeing such dramatic increases in “passive” savings.

Curbing our appetite for overspending

Many financial advisors agree, young and even middle-aged Canadians are not saving enough. And Canadians of all age groups need to stop overspending and start saving money more actively.

How can The Credit Union help? Talk to us today and we’ll help you “activate” an automatic savings plan. Starting from as little as $50 per pay, it’s the most painless way to put money away and ensure your “net worth” is always on the rise.