Albertans Worst Money Habits

♪ Albertans spend over $12,000 more than any other province in Canada, meaning we are topping the consumer debt charts. I Don't want to see you become a financial statistic. So here are 7 stats to remind you why it's important to stay on track with your finances: Number one: 25% of Albertans say that they could not come up with $2,000 if an emergency arose within the next month. Number two: The average amount spent on a new vehicle in Alberta is over $36,000 Three: Canadians average household spending on all goods and services is $58,600, Albertans topped the list spending an average of $71,430 Number 4: Canadians have an average debt to income ratio of more than 150% Number 5: In one year, over 124,000 Canadians will file for bankruptcy. Number 6: The average number of creditors for each Albertan is seven. Number 7: The average unsecured debt for each Albertan is $25,340 Living within your means is the key to increasing your savings, and decreasing your debt. Looking for advice from a professional? Use Money Mentors the only Alberta based not-for-profit organization to help start you on your journey to financial freedom. ♪