We’re Canadian. We can’t let something like sub-arctic temperatures or blizzards stop us. We’d never get anything done if we did! But that doesn’t mean we all love the wintertime. Seasonal white outs cause more than dangerous driving conditions. The frosty season can bring with it many expensive bills and appliance repairs that put strain on our budgets. For some of us, the combined cost can surpass what we can cover on our own.
Heating your home is a costly addition to the season. In 2006, Stats Canada conducted the Survey of Household, a sweeping study of energy consumption in the country. Their research revealed the average household spent roughly $1,900 in order to keep their spaces cozy and warm during the winter. That figure is equal to approximately 15% of the total of what Canadians spend on shelter. This number is probably an outdated estimate for 2016. Every province is dealing with rate increases, but Ontario electricity rates are skyrocketing faster than anywhere else in North America.
And that’s assuming your furnace is working as it should. If something goes wrong with its internal mechanisms, you can be looking at anywhere between $50 and $800 to get it repaired. Unfortunately, you can’t exactly ignore a faulty furnace when the mercury drops to 40 below. This combined with the cost of snow tires and other wintertime necessities can push you over your tipping point.
You wouldn’t be alone. Plenty of Canadians are in debt and end up spending beyond their means during the winter in order to stay safe. If your repair technician’s visit is the final straw to break your budget, then consider using a payday loan to help cover such a necessity. Payday loans from financiers like GoDay were designed for these situations in mind. Their low value limits and short terms act as the perfect stopgap for non-recurring bills or repairs. You can use them to help cover a surprise furnace check-up when your paycheque doesn’t quite cut the mustard.
Seeing if you qualify for this kind of assistance is as easy as going online and filling out an application form. At GoDay you only need basic contact and financial information to complete this form, and you’ll receive word back about your application in as little as 5 minutes. Their internal servers are working hard 24/7 in order to provide assistance whenever you need it.
Winter, despite being the True North’s season, isn’t kind to most of us. It can be an expensive time of the year for many individuals and families as they try to heat their homes. If your budget has gone up against Old Man Winter and lost, it’s time to explore your options for fast and easy cash flow solutions. There’s a loan that can help.