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Holiday debt hangover: How to get your finances back on track
– moneysense.ca
After the holidays wrap up, many Canadians are left dealing with what’s often called a “holiday debt hangover.” It’s that uneasy feeling in January when the celebrations are over, but the credit card bills loom.
Recent surveys show a growing number of Canadians carry holiday-related debt into the new year and feel more financial pressure because of it. In this article, we’ll explain what’s behind this holiday hangover, why this type of debt has become so common, and provide practical steps to pay it down so you can get your finances back on track.
The state of holiday spending & debt in Canada
According to Spergel’s latest Financial Hangover survey, about half of Canadians (51%) carried new holiday debt into 2026, and nearly three in 10 are starting the year with over $6,000 in holiday-related balances. At the same time, 75% report feeling more financially stressed than in past years, and nearly one in five expect to fall behind on credit card payments.
“These figures show how easily seasonal spending can morph into a long-term debt trap when you’re dealing with 19…
Best robo-advisors in Canada for 2026
– moneysense.ca
But a robo-advisor won’t leave you alone to fend for yourself either; they will place your savings in a generally low-cost, portfolio matched to your circumstances and needs. And they’ll be there should you need to change course.
Made possible by financial technology and the proliferation of their main investment vehicle, exchange-traded funds (ETFs), robo-advisors have been around for more than a decade in Canada. These days there are nine providers available coast to coast. As you’ll find below, some have settled into specific niches, while others continue to actively prospect for new customers, both from rival robos and from banks and mutual fund sales representatives…
