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Do you know where your money goes? New spending poll A new poll conducted on behalf of TD by Environics Research Group revealed the following results on how Canadians view their ability to track their spending:
49%
13%
37%
Half of people surveyed say they do a pretty good job tracking major expenses, but often lose track of what’s spent on smaller purchases.
About one in ten think they’re doing either a not great or a terrible job.
About four in ten think they’re doing an excellent job.
Top three reasons people find keeping track of their spending difficult:
37%
21%
19%
Feel inconsistent in how often they do it.
Feel it is too tedious and time-consuming.
Feel it is too difficult to keep track of receipts.
People are going over budget on their monthly spending.
40% 32% People who went over budget did so by an average of almost one third.
Four in ten people say they have gone over budget on their spending in the past 12 months.
35% Over one-third do not know how much they went over budget.
Those who are more likely than average to say they have gone over budget in the past 12 months include:
46%
50%
Millennials
Gen X
54% Those with children under the age of 18
44% Those working full-time
43% Those who set financial goals
Stay on top of your spending with the new real-time money management app from TD Bank – TD MySpend – a first in Canadian digital banking. A companion to the TD app for iPhone or Android, TD MySpend makes it easier for customers to track their spending habits from their eligible TD bank accounts and TD credit card accounts with instant notifications on how and where they're spending their money.
About the TD Bank Group poll results TD Bank Group commissioned Environics Research Group to conduct a custom survey of 1,001 Canadians aged 18 and older. Responses were collected between January 29 and February 2, 2016. All respondents are included in this report. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. ™Android and Google Play are trade-marks of Google Inc.
49%
13%
37%
Half of people surveyed say they do a pretty good job tracking major expenses, but often lose track of what’s spent on smaller purchases.
About one in ten think they’re doing either a not great or a terrible job.
About four in ten think they’re doing an excellent job.
Top three reasons people find keeping track of their spending difficult:
37%
21%
19%
Feel inconsistent in how often they do it.
Feel it is too tedious and time-consuming.
Feel it is too difficult to keep track of receipts.
People are going over budget on their monthly spending.
40% 32% People who went over budget did so by an average of almost one third.
Four in ten people say they have gone over budget on their spending in the past 12 months.
35% Over one-third do not know how much they went over budget.
Those who are more likely than average to say they have gone over budget in the past 12 months include:
46%
50%
Millennials
Gen X
54% Those with children under the age of 18
44% Those working full-time
43% Those who set financial goals
Stay on top of your spending with the new real-time money management app from TD Bank – TD MySpend – a first in Canadian digital banking. A companion to the TD app for iPhone or Android, TD MySpend makes it easier for customers to track their spending habits from their eligible TD bank accounts and TD credit card accounts with instant notifications on how and where they're spending their money.
About the TD Bank Group poll results TD Bank Group commissioned Environics Research Group to conduct a custom survey of 1,001 Canadians aged 18 and older. Responses were collected between January 29 and February 2, 2016. All respondents are included in this report. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. ™Android and Google Play are trade-marks of Google Inc.
