Origination Mortgage Corp.

As the holiday bills begin to arrive, the RRSP vendors gear up their annual pitch and tax-time looms there’s a little unsettling news in a recent survey by one of the country’s big banks. Nearly 20% of the people polled said they did not save any money last year. That may seem like a lot but in 2012 nearly 30% of respondents said they couldn’t save.

The survey also revealed that people intend to save and they hope to sock away more this year than last.¬†Of those who claimed they couldn’t save, fully half said it was because of debt management. Nearly 70% cited insufficient income or high expenses. Some food for thought as you get your financial house in order for 2014.