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How Canadian Savers Can Protect Their Money in 2026

As 2026 unfolds, Canadian savers are navigating a financial landscape shaped by falling interest rates, persistent living‑cost pressures, and evolving tax‑advantaged opportunities. Experts say this is the year to be intentional, strategic, and proactive with your money. Reevaluate Your Savings Accounts Interest rates have been trending downward, and many high‑interest savings accounts have quietly reduced their payouts. GIC rates remain more stable, but they too are expected to soften as rate cuts continue. What to do now: Check the current rate on every savings account you hold Compare alternatives and switch if your rate has dropped significantly Consider laddering GICs to lock in competitive yields while they’re still available Make the Most of Your TFSA The Tax‑Free Savings Account remains one of the most powerful tools for Canadians. With annual contribution room increasing over time, it’s an ideal place to shelter both short‑term savings and long‑term investments. Why...
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How to Overcome the January Blues After Overspending in December



The festive season is over, and you may be feeling the pinch of your holiday spending. If you overspent in December, you may be facing a tight budget, high credit card bills, or even debt in January. This can lead to stress, anxiety, or depression, also known as the January blues. However, there are ways to cope with this situation and start the new year on a positive note. Here are some tips to help you overcome the January blues after overspending in December:

  • Make a budget and stick to it. The first step to getting your finances back on track is to create a realistic budget that covers your essential expenses and allows you to pay off your debts. Track your income and spending, and cut down on unnecessary costs. You can use apps, spreadsheets, or online tools to help you with this. A budget will help you avoid overspending and plan for the future.
  • Seek professional help if needed. If you are struggling with debt, you may need to seek professional help from a financial advisor, a debt counselor, or a credit counseling agency. They can help you negotiate with your creditors, consolidate your debts, or create a repayment plan that suits your situation. Don’t be ashamed to ask for help, as it can save you from further financial trouble and stress.
  • Find ways to earn extra income. If your budget is too tight, you may need to find ways to increase your income. You can look for a part-time job, sell some of your unwanted items, or offer your skills or services online. There are many opportunities to make money online, such as freelancing, blogging, tutoring, or taking surveys. You can also ask your employer for a raise, a bonus, or overtime pay if possible.
  • Practice self-care and gratitude. Overspending can take a toll on your mental and emotional health, so it’s important to take care of yourself and your well-being. Find healthy ways to cope with stress, such as meditation, exercise, hobbies, or spending time with friends and family. Avoid using alcohol, drugs, or gambling as coping mechanisms, as they can worsen your situation. Also, practice gratitude for what you have, and focus on the positive aspects of your life. You can write down three things you are grateful for every day, or express your appreciation to someone who has helped you.
  • Set realistic goals and celebrate your progress. Finally, set realistic and achievable goals for your financial recovery, and track your progress. For example, you can set a goal to pay off a certain amount of debt by a certain date, or to save up for an emergency fund. Celebrate your milestones, no matter how small, and reward yourself with something that doesn’t cost money, such as a movie night, a walk in the park, or a compliment. This will help you stay motivated and optimistic.
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