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BMO: Personal finance No. 2 on list of resolutions; health and fitness is No. 1

TORONTO, Cananda - Bank of Montreal says personal finance issues is the No. 2 topic for Canadians who are making New Year resolutions for 2014.

It says only health and fitness is a higher priority among Canadians who are making New Years resolutions this year.

A study released Friday by BMO found 80 per cent of those surveyed in November planned to make some sort of resolution.

Of those, 36 per cent resolved to become financially fit — compared with 51 per cent focused on their physical health and fitness.

BMO says the survey found that 59 per cent of the respondents had a financial plan, and 82 per cent of them believed it helped.

For those without a financial plan, the top reason given (37 per cent) was lack of enough money.

BMO's study is based on a Polaris online survey of 1,010 Canadians aged 18 years and over, conducted between Nov. 21 and 25.

The Canadian Press

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