Rising Cost Of Living Worries Nova Scotians

The rising cost of living in Halifax, Nova Scotia, which has the reputation of being relatively affordable, worries Haligonians. The cost of food, fuel, and housing has skyrocketed, but there hasn’t been that same spike in wages.

Statistics Canada states that “more than two in five Canadians report being most affected by rising food prices.” Also, “nearly three in four Canadians reported that rising prices are affecting their ability to meet day-to-day expenses such as transportation, housing, food, and clothing.”

As a result of the rising cost of living, many are adjusting their spending habits and making lifestyle changes.

Ways to save:

  • Purchase food that is on sale.
  • Instead of dining out, cook meals at home.
  • Car pool to save on gas. Check out our blog post on how to save on gas.
  • Buy store-brand or generic-brand name products at grocery stores.
  • Keep an eye out for flyers and potential rewards that will lead to savings.
  • Take a look at your finances and trim unnecessary expenses such as streaming subscriptions that are no longer being used.
  • Purchase clothing and furniture second hand. Not only is it better for the environment, but for your bank account.

One way you may be more cost-effective is to get an insurance broker to shop the insurance market for you. Reach out to us today and we will help you find ways to save on your insurance while getting you personalized coverage. We want you to feel confident your coverage fits your needs.