Two-thirds of Working Canadians Are Stressed
If your job is stressing you out, then it’s time to dedicate time to yourself and perhaps go on a vacation.
Whether it’s from back-to-back meetings or being assigned too many tasks, many Canadians find themselves stressed at their jobs. According to a recent TD survey, two-thirds of working Canadians admit to experiencing high or moderate levels of stress at their place of employment. And those who work in the health care and social assistance fields, or finance, insurance and real estate industries are more likely to admit to these elevated levels of stress over those who don’t.
A Complicated Situation
The vast majority of Canadians know they need to pay attention to their after-hours life more, but struggle to do so. Ninety-five per cent of respondents in the survey consider investing in themselves to be important but 53 per cent don’t do it as frequently as they would like.
Jennifer Diplock, Associate Vice President, Personal Savings and Investing, TD Canada Trust, says money often gets in the way.
"Canadians recognize the importance of taking a break and doing something good for themselves, but often don't because of the associated cost," Diplock said in a press release. "It's important to strike a balance in life, and one way to do that is for Canadians to view these expenses as an investment in their well-being."
To help save for these investments, Diplock suggests setting up a “me” fund and regularly contribute to it whatever amount you can comfortably afford. She also suggests using your tax refund, if you’ll be getting one, to kick-start your savings plan.
Personal Investments to Consider: Vacations Top the List
There are many activities or hobbies Canadians can do to recharge, but 81 per cent of survey respondents say they'd rather take a vacation to decompress. For many people this means travelling and the following tips can help you save on the holiday you need:
- Pack only the essentials
Travellers may get carried away when they pack for a trip but it’s important to only bring the items you reasonably expect to need. Try to keep all your items to one bag as some airlines still offer one checked bag free of charge.
- Be mindful of your luggage’s weight
Remember to keep your luggage weight under 23 kg (50 lb), as fees will be added if your luggage exceeds the weight allowance. Expect to spend up to $100 more, each way, if your luggage is extra heavy.
- Limit your device’s use
Vacation should be spent enjoying your time away from work so resist the urge to check in. However, to keep in contact with your family and friends, consider buying a travel bundle plan from your service provider. If you intend to use Wi-Fi there are precautions you should take. Open or public Wi-Fi connections are insecure because people can dupe you into connecting to a fake network, giving them access to your personal information. Make sure to verify the network before connecting and turn off your Wi-Fi connection when you’re not using your device.
- Bring food and snacks to the airport
Whether the duration of your flight is short or long, consider bringing snacks with you to keep your hunger in check. Granola bars, crackers, chips, fresh fruit and vegetables are just some of the snacks you can bring on the plane. However, liquids and any foods that are in liquid, mashed, pureed or in a mixed state are not permitted and this includes mashed potatoes, smoothies, chilli or stews.
- Save money on food even when you’re on a trip
When travelling, one way to save money is on food. Try to book a room with a kitchenette so that you can eat breakfast before you head out, prepare a lunch to take with you and cook the occasional “home-cooked” meal to minimize what you spend on food during the days or weeks you’re on vacation.
- Maximize your weekends
You don’t have to travel outside of your country for it to be considered a vacation. A weekend spent at the park, museum, at the beach, etc., could be just as entertaining. It’s cost-effective too!
- Buy travel insurance
It’s important to buy travel insurance that, at minimum, will cover medical fees in case of emergency. For frequent trip-goers, an annual multi-trip travel insurance policy will usually save you money. It provides emergency medical health insurance coverage for each trip you take within a 12-month period so long as the trip does not a set amount of days, usually one week, two weeks, or one month depending on the policy.
Your job is important but it’s also important to take care of yourself. Going on a vacation or a quick trip is a great way to relax and refresh so that you’re ready to take on your work day.