Halloween teaches us valuable financial lessons like budgeting candy, but it’s not all gum drops and lollipops. A retailmenot.ca survey found that Canadians spent $1 billion on Halloween in 2015. In fact, the Halloween industry is so large that it can support retailers who are only open for the season.


According to Global News, the average Canadian spends $52 per person on costumes.T he cost of costumes rarely reflects the quality. So why shell out so much money? Save yourself from the frightening cost of a costume by dressing up as an iconic movie or TV character in plain clothes. Don’t let the cost of Halloween costumes scare you away this year.


4 Cheap Halloween Costume Ideas from Your Closet


For men:


Marty McFly from Back to the Future

You will need white sneakers, a jean jacket, blue jeans, a white buttoned shirt, an orange vest and a red t-shirt.

Quote: “Wait a minute, Doc. A… Are you’re telling me you built a time machine… Out of a DeLorean?”


Ace Ventura from Ace Ventura: Pet Detective

You will need to style your hair up and back in the iconic Ace Ventura style, a pair of black converse or boots, red striped pants or something similar, a floral pattern shirt, a white tank top and an ID card reading “Ace Venture Pet Detective”.

Quote: “That was close one ladies and gentlemen, of course in every contest, there must be, a loser. Lew-Who, Za-Her.”


For women:


Wednesday Addams from The Addams Family

You will need dark black mascara, a white collared blouse, a black long sleeve shirt, white stockings, a pair of black shoes and your hair in pigtail braids.

Quote: “I’ll stop wearing black when they make a darker colour”


Sandy Olsson from Grease

You will need red lipstick, a tight pair of black pants (preferably leather), a black shirt that shows off your shoulders and red high heels.

 Hang a leather jacket over your shoulder and do your hair to match Sandy’s to really sell this costume.

Quote: “Tell me about it, stud.”


Bonus: You can have a lot of fun dressing up as yourself in high school. Find an embarrassing photo of yourself and replicate the look.

A DIY costume will show off your creativity and make you the life of the party. Consider a costume from your closet before spending money at a retailer. The key to a great Halloween costume is making it fun, so memorize some movie quotes, dress up as your favorite character this year and save your money.


Do You Have A Plan For Debt Elimination?

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When most people think about retirement planning, they think of building a retirement nest-egg through RRSP's and pension plans.  While these are key pieces of the puzzle, it's important not to forget about another important element of retirement planning - debt elimination.  After all, the less you spend on interest payments, the more you can allocate to your retirement savings.


A debt-elimination plan doesn't have to be complicated.  But you should have one or you'll likely be in debt longer than you have to.  There are a few simple strategies for getting out of debt sooner such as:

  • Building extra debt payments into your budget
  • Consolidating all of your debts at the lowest rate possible
  • Using your income and savings to automatically reduce your debt (without giving up access to that money)

When you're planning for retirement, don't forget about the impact that your debt has on those plans.  With a strategy for becoming debt-free sooner, you amy even be able to retire earlier than expected.  We'd be happy to help you develop a debt-elimination strategy that complements your overall retirement savings strategy.


Give us a call to discuss how you can become debt-free sooner