12 New ‘Necessities’ That Drain Your Cash - S.R. Stack & Company Ltd. Skip to content

12 New ‘Necessities’ That Drain Your Cash

Yahoo Finance article
The Yahoo Finance article below does a great job of pointing out some biggest budget busters that we think we can’t live without but that were not part of every day life even a generation ago.

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It is easy to find yourself in the trap of thinking that you “need” to have something that doesn’t really fit into your budget. Modern life is full of these so-called essentials.

The Yahoo Finance article below does a great job of pointing out some biggest budget busters that we think we can’t live without but that were not part of every day life even a generation ago.

How many of the 12 “necessities” listed do you find yourself needing? What others come to mind when you read the list?

CLICK HERE TO READ THE ARTICLE

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Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]