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.


Before You Say "Yes" to Mortgage Insurance, You Have Options

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When you're approved for a mortgage, your lender will offer to sell you mortgage insurance.  It may seem convenient at the time but you have options - options that help protect you and your family, not your lender.  Protecting your mortgage with an individually-owned term insurance policy plan offers you and your loved ones better guarantees and greater choice and in most cases at a lower cost.


                                                             With Term Insurance                         With most lender's mortgage ins.


I pay the premiums, so I                    YES.  You own the policy and             NO.  You're pare of a group policy 

would own the policy right?              you name your beneficiaries.              owned by the lender.  Your lender

                                                                                                                          is the beneficiary.


Is the coverage flexible?                    YES.  You choose from the                NO.  Your lender will insure you

                                                              coverage and the amount of              only for the amount of your

                                                              coverage you want, regardless of      mortgage.  You can't alter, renew or

                                                              your mortgage balance.  You can      convert the policy.  If you choose to

                                                              increase or decrease, renew, or        move your mortgage to another

                                                              convert your coverage to                   lender, you can't transfer the policy.

                                                              permanent protection                        Coverage ends when mortgage is

                                                                                                                        paid off or ends


Circumstances change.  If it's           YES.  Upon death, the benefit           NO.  Upon death, the benefit goes

better for my beneficiaries to            goes directly to your beneficiaries     directly to your lender to pay off the

use the proceeds from the policy     They decide how to best use             mortgage

for something other than paying      the money

off the mortgage, will they have

that option?


Is the coverage guaranteed?             YES.  Your premiums and benefits    NO.  Your premiums and benefits

                                                              are guaranteed for the life of the        are not guaranteed.  The lender

                                                              policy.  Only you can cancel or          can change or cancel the policy at

                                                              make changes to your policy             any time.


I look after my health, and I               YES.  The amount you pay for           NO. Since your mortgage insurance

don't smoke.  Will that make a          your coverage is based on your         is usually provided through a group

difference in the amount I pay          age, health and smoking status          plan, you pay the same rate for your

for coverage?                                                                                                 coverage as everyone else