|By PR Newswire||
|November 12, 2012 07:06 AM EST||
This Credit Education Week, Capital One Canada and Credit Canada Debt Solutions encourage Canadians to make financial resolutions before the holiday madness
TORONTO, Nov. 12, 2012 /CNW/ - A new year brings new year's resolutions, and Canadians are great at resolving to be better money managers in the upcoming year. What we're not so great at is the follow-through. While four out of five Canadians report making financial resolutions, four out of five also admit to cheating on their financial resolutions, according to a recent survey commissioned by Capital One Canada and Credit Canada Debt Solutions. In fact, while men and women both admit to this, women (85%) are slightly more likely to cheat than men (76%).
With the holiday spending spree fast approaching, Canadians need to make financial resolutions in November, not in January, after all the gift-giving is done. Financial freedom is about creating a plan and keeping to it. The sixth-annual Credit Education Week, November 12-16, is dedicated to promoting sound personal money management through money resolutions.
"We weren't surprised to learn so many Canadians fail to keep their money resolutions, because more than half of them are not using available tools to help achieve their goals," said Laurie Campbell, CEO, Credit Canada Debt Solutions. "Credit Education Week is about empowering people with the tools to make financial goals, and the resolve to keep them."
While most Canadians resolve to spend more wisely come the new year, Capital One Canada and Credit Canada Debt Solutions are urging Canadians to make their financial resolutions now, before the annual holiday spending spree. The survey showed that Canadians make resolutions to deal with their financial obligations (53%), to spend less on specific things (48%) and budget more wisely (47%). Excessive spending is driven by - among other things - the social pressure to consume.
"A rear view mirror is a poor financial planning tool, so we're encouraging Canadians to look ahead, consider their holiday purchasing and spending, and choose wisely," says Rob Livingston, President of Capital One Canada. "The pressure to buy things outside our budget can lead to stress and fights with your family or spouse.
That's why it's so important to ignore the Joneses, to find the best deal and, most importantly, to make a good spending plan and stick to it. That's true financial freedom."
According to the survey, Canadians who want to rein in their financial obligations have faced push-back from the closest quarters:
- As a result of attempting to keep a money resolution, 51 per cent of Canadians have felt guilty, had fights, or felt left out of plans with friends and family
- While two thirds of married/common-law Canadians involve their spouse/partner in helping them to achieve their money resolutions, 22 per cent report that an overspending partner is a barrier to achieving their money resolutions
- 23 per cent of married/common-law Canadians report that their money resolution has led to more fighting with their spouse/partner about money, and 25 per cent report that their money resolutions have led to feelings of guilt for not providing well enough for their families
To help Canadians with their November resolutions, Capital One Canada and Credit Canada Debt Solutions are helping Canadians set uncomplicated goals. The best resolutions are simple:
- "I will ignore the Joneses." Your neighbours went beyond their means buying a brand new SUV. That doesn't mean that you have to.
- "I will shop around before I buy." Controlling costs means finding the best deal, every time. Save money by spending less!
- "I will not make resolutions based on spending regret." We've all experienced buyer's remorse. But financial freedom means that you make a plan before you spend - and then stick to it.
"Money problems can be stressful and overwhelming," concludes Livingston. "But four in ten Canadians know the truth: With a lifestyle change and a few simple tools, anyone can achieve financial freedom. So get a financial planning smartphone app, create an affordable budget, and stick to it. And let the Joneses take care of themselves."
To help Canadians make their New Year's resolutions during Credit Education Week, Capital One Canada and Credit Canada Debt Solutions will be hosting a celebration, complete with ball-drop and subject experts. Celebrate early and drop by to make your resolution:
|WHAT:||Credit Education Week Celebration Event|
|WHO:||Laurie Campbell, CEO, Credit Canada Debt Solutions|
|Nancy Icely, Vice-President, Capital One Canada|
|WHERE:||Yonge -Dundas Square (Southeast corner of Yonge St. & Dundas St.)|
|WHEN:||Wednesday, November 14 at 12:00 pm|
|WHY:||To help Canadians make their money resolutions before the holiday season|
To learn more about financial freedom, visit www.cewc.ca today.
About the survey
In September 2012, Credit Canada Debt Solutions and Capital One Canada commissioned a survey of 822 Canadians who have made a resolution regarding their spending behaviours. The survey respondents were equally distributed across the 4 major regions of Canada (West, Ontario, Quebec and East) and the margin of error is +/- 3.4%, 19 times out of 20.
About Credit Canada Debt Solutions
Credit Canada Debt Solutions is a non-profit charitable service that has assisted thousands of people with credit counseling and debt management programs since 1966. Credit Canada is a member of the Ontario Association of Credit Counseling Services and a Charter Member of Canadian Association of Credit Counseling Services.
About Capital One
With offices in Toronto and Montreal, Capital One has offered Canadian consumers a range of competitive MasterCard credit cards since 1996, when the company first introduced the Platinum MasterCard in Canada. Capital One Canada is a division of Capital One Bank, a subsidiary of Capital One Financial Corporation of McLean, Virginia (NYSE: COF). Capital One believes in empowering Canadians to take control of their finances through programs and resources like Understanding-Credit.ca, Credit Education Week Canada, and the Capital One Financial Education Challenge.
SOURCE Capital One
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Jan. 24, 2017 06:30 PM EST Reads: 1,681
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Jan. 24, 2017 06:15 PM EST Reads: 3,829
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walked through how Octob...
Jan. 24, 2017 06:15 PM EST Reads: 3,169
“RackN is a software company and we take how a hybrid infrastructure scenario, which consists of clouds, virtualization, traditional data center technologies - how to make them all work together seamlessly from an operational perspective,” stated Dan Choquette, Founder of RackN, in this SYS-CON.tv interview at @DevOpsSummit at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 24, 2017 04:30 PM EST Reads: 3,667
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Jan. 24, 2017 04:15 PM EST Reads: 2,740
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jan. 24, 2017 02:30 PM EST Reads: 5,931
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Jan. 24, 2017 02:30 PM EST Reads: 5,402
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 24, 2017 02:15 PM EST Reads: 3,282
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Jan. 24, 2017 01:45 PM EST Reads: 3,027
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Jan. 24, 2017 01:30 PM EST Reads: 4,501
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
Jan. 24, 2017 01:00 PM EST Reads: 1,751
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
Jan. 24, 2017 12:45 PM EST Reads: 5,937
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Jan. 24, 2017 12:30 PM EST Reads: 3,748
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 24, 2017 12:15 PM EST Reads: 11,760
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Jan. 24, 2017 12:15 PM EST Reads: 6,541