What would you do with a Million Dollars?

A new study reveals that 8 out of 10 Canadians said that if they won $1 million in the lottery they would pay off their debts.

The survey from the Canadian Payroll Association was released on Monday.  It showed some troubling signs for Canadians.  The most significant reveals is that the majority of working Canadians today are cash-strapped.  Living in a fragile state of paycheque to paycheque that greatly impacts their personal finances and the ability to put money away for retirement.

Read more here: Globe and Mail

Now may be an ideal opportunity to evaluate and take control of your finances by paying attention to the details:

  • Track and record all of your expenses
  • Review your expenses and make decisions to change your habits.
  • Set and commit to a goal – plan of action.
  • Seek expert advice when needed.