|By PR Newswire||
|February 13, 2014 07:01 AM EST||
Couples should stop fearing financial planning
TORONTO, Feb. 13, 2014 /CNW/ - With Valentine's Day just around the corner, love is in the air—but for many Canadians, finances are getting in the way. According to a survey conducted by Ipsos Reid on behalf of MNP Ltd., more than 11% of Canadians still keep important financial information from their partners and 21% agree that their finances affect their relationship. The survey results point to a need for better communication about money matters.
Financial management can seem overwhelming with misconceptions often making debt repayment and saving for the future seem impossible. Age and family status play a role. Parents (30%) feel more strain than non parents (17%) when it comes to their relationships because of their financial status. Married and common-law Canadians aged 18 to 34 are most likely to say that their current financial and debt situations are affecting their relationship with their partner.
"Be honest about the debt and assets you carry into a relationship and decide what you are willing to take on financially as a couple," says Grant Bazian, President, MNP Ltd. and bankruptcy trustee "Find a financial advisor or a trustee to work with and become empowered in your financial decision making. When it comes to debt management and saving for the future, there are often more options available to couples than they realize."
Other Survey Highlights:
The lower the income of married or common-law Canadians, the higher the
likelihood they believe that their current debt situation has
negatively affected their relationship (26% of those making less than
$40,000 annually, 27% of those making between $40,000 to less than
$60,000 annually, 19% of those making between $60,000 to less than
$100,000, compared to just 10 % of those making more than $100,000.)
Many Canadians don't know the difference between the various services
available to help with debt and credit problems. Three in 10 married
and common-law Canadians don't know the difference between a credit
counsellor, debt advisor, and trustee in bankruptcy, although most
(71%) say they do.
- Two in five respondents agree that they use credit (like credit cards, lines of credit, overdrafts, etc.) to pay for normal household expenses.
What's right for one couple isn't necessarily right for another, in both love and finances. Bazian encourages couples to be honest about what is best for them. "Large purchases, like a house, can be more of a status symbol than a good financial decision. Jumping into a mortgage could be damaging to a couple's finances and relationship. Make meaningful purchases that reflect your commitments as a couple, and you'll experience far less stress on your relationship," he says.
Regional data - According to the survey, relationships in Ontario appear to be the most affected. Married or common-law Ontarians are most likely to agree that their current financial (25%) or debt (23%) situation has had an impact on their relationships. They are also most likely to acknowledge that they are struggling to make minimum credit or debt payments (24%). To learn more about this research, please visit http://www.mnpdebt.ca/relationships.
Study methodology - This poll was conducted between January 23 to 28, 2014, on behalf of MNP Ltd. A sample of 1,031 married and common-law Canadians from Ipsos' Canadian online panel were interviewed and the poll is accurate to within +/- 3.5%.
About MNP LTD.
For more than 50 years, MNP Limited has helped individuals resolve their financial problems by offering life-changing debt solutions tailored to each person's unique situation. With government licensed Trustees located in more than 70 offices in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, MNP Limited offers an unparalleled depth of Canadian consumer and corporate insolvency expertise to those experiencing financial difficulty. For more information, visit www.MNPdebt.ca.
SOURCE MNP LLP
Image with caption: "1 in 5 Canadians Agree Finances Affect Their Personal Relationships (CNW Group/MNP LLP)". Image available at: http://photos.newswire.ca/images/download/20140213_C9765_PHOTO_EN_36655.jpg
As cloud adoption continues to transform business, today’s global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Aug. 31, 2016 11:52 AM EDT
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Aug. 31, 2016 11:45 AM EDT Reads: 759
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 31, 2016 11:15 AM EDT Reads: 915
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Aug. 31, 2016 11:12 AM EDT Reads: 136
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Aug. 31, 2016 11:00 AM EDT Reads: 451
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Aug. 31, 2016 10:45 AM EDT Reads: 440
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Aug. 31, 2016 10:11 AM EDT Reads: 181
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 31, 2016 09:30 AM EDT Reads: 1,105
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 31, 2016 09:00 AM EDT Reads: 1,016
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 31, 2016 09:00 AM EDT Reads: 957
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Aug. 31, 2016 09:00 AM EDT Reads: 523
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 31, 2016 08:45 AM EDT Reads: 924
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 31, 2016 08:30 AM EDT Reads: 920
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 31, 2016 07:45 AM EDT Reads: 989
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 31, 2016 07:45 AM EDT Reads: 962