From diets to debt: The Manitoba Securities Commission
suggests new twist on New Yearâ€™s Resolutions
Winnipeg, MB, January 11, 2010 - In addition to the usual New Yearâ€™s resolutionsâ€”losing weight, eating healthy and getting more exerciseâ€”The Manitoba Securities Commission (MSC) is challenging Manitobans to set some resolutions that will also improve financial well being.
According to a recent survey, 65% of Manitobans are worried that they do not have enough savings to meet all their financial needs and furthermore, 27% of Manitobans have no investments or savings at all (Canadian Securities Administrators, Investor Index 2009). â€œThese percentages definitely suggest a necessary change in Manitobanâ€™s relationship with investing and finance,â€ says Don Murray, Chair of MSC. â€œThe New Year can be a great time to put your financial blunders of the previous year behind you and focus on proactively improving your personal financial situation,â€ he adds.
Starting the New Year off with a new attitude toward finances may be easier than some think. â€œWhether dieting or reducing debt, getting into financial shape is all about making small conscious choices that will ultimately contribute to a change in your habitsâ€”thinking about your money before you spend it each day, avoiding impulse purchases and trimming un-necessary expenses all contribute to active money management,â€ says Ainsley Cunningham, Manager of Education and Communications with MSC. â€œWe are not suggesting the public become investment experts, simply pick two or three resolutions and focus on implementing these strategies into your daily routine.
Below is a list of some easy resolutions that MSC suggests you consider:
For more information or to order a Free Investorâ€™s Kit go to msced.ca or contact MSC at 945-4733.
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Manager Education and Communications