Money is a major stressor; most especially today with how the economy is. The cost of living in Atlantic Canada continues to increase at a rate much higher than income. Speaking with friends and with strangers, I can see it’s a topic of concern for most. I find comfort in knowing my struggle is not unique and that I’m not alone in my worries, under the weight of it all. 

Oftentimes I find myself disheartened when it seems like the moment I begin to get ahead, something occurs that gives my financial state another hit. It’s an endless cycle of saving just enough for the next emergency but not enough to get ahead overall. This cycle highlights the importance of financial resilience – having a safety net that can soften the blow of unexpected expenses.

I do my best to remain hopeful and focused on a goal that helps me power through. When you find yourself in the endless cycle of saving just to struggle again, the mistake is continuing to live within that same budget. I found it helpful to re-evaluate and cut corners where I could to save just a little more money than before. This approach reflects the need for financial literacy – understanding spending patterns and making adjustments to create a more sustainable plan.

It’s hard, especially when your mental health is low and you really want to eat out because you worked and drove all day, or you see something that would give you that rush. This is where keeping your goal in focus and staying strong can help you avoid making those purchases. Overtime, the small savings add up. I’ve also begun to take inventory of things I no longer need and could profit from. These small changes reflect the power of long-term financial planning – incremental progress builds over time into something meaningful.

Even though I am also limiting what I purchase to necessity, I think it’s important to try and make room for a treat every once in a while. It may sound counterintuitive but it can prevent a binge later, it gives your heart a break and can help you continue on through hard times. This approach ties into financial resilience – creating a sustainable balance between saving and maintaining mental and emotional well-being.

My biggest dream is to own a home with my partner. Despite the fact that the housing market is it’s own horror show, I’m making efforts to remain hopeful of my future and take it each day at a time. Those few dollars or even twenty each pay will make a difference over time. With a bit of luck, dedication to goals and spending habits I have been able to save a good amount within the last year. By improving my financial knowledge, budgeting more efficiently, and making informed decisions, I’m working toward my dream step by step.

Continuing to improve my financial knowledge, budgeting more efficiently and making informed decisions are three ways I plan to navigate the world better this year as I continue forward toward my dream. 

With financial literacy, resilience, and a commitment to long-term planning, it’s possible to break the cycle and move closer to achieving your aspirations. This biggest challenge is to not lose hope or faith in yourself, your dreams and your goals.