Manitobans bad budgeters in summer months, survey says
Manitobans are not the most budget-conscious over the summer months.
Silvio Stroescu, vice-president and head of deposits and investments at Tangerine, said 70 per cent of Manitobans surveyed by the company admit to being carefree and not tracking what they spend in summer.
For context, the national average is 49 per cent.
"The challenge there is when we do that we tend to spend more than what we saved, tend to spend more than what we are making,” said Stroescu. “May even go onto credit and carry a balance on a credit card.”
Stroescu speculated one of the reasons Manitobans may be more carefree is they want to have fun after a long cold winter.
The survey said Manitobans spend the extra money mostly on vacations, food and liquor.