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.

 

Why Mental Health Matters For Your Money

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Did you know that 1 in 5 people face mental health issues during their lifetime? That means the odds of you, a family member or someone you know being affected by mental health are high. Issues related to mental health can come in a variety of forms such as anxiety and depression and they don’t only affect a person’s sleep, daily functionality and relationship – they also affect your money.

 

The cost of struggling with mental illness

 

According to Manulife, 44% of long-term disability claims made by employees are mental health related. But while getting help can come with a steep price tag, providing vital care for those who need it is worth its cost in spades.

 

Untreated depression can cause a variety of long-term health complications from chronic illnesses such as heart disease and pain perception to trouble sleeping. The cost to treat long-term illnesses, without health insurance, can quickly add up – and become another source of stress and depression.

 

Symptoms of anxiety include unease and a change in personality traits such as compulsive behavior or panic attacks. Compulsive behavior can lead to impulse purchases and binge-spending. When someone feels out of control internally, it can easily crossover to external actions.

 

How can you help someone affected by mental health?

 

The best way to help someone who is suffering is to be open to the conversation. Unfortunately, even though mental health affects a lot of Canadians, there is still a stigma relating to the condition.  For that reason, some people are reluctant to talk their feelings and express what they’re going through. However, if you’re unable to talk about the causes of stress, anxiety and depression, how will you get the professional help you need to get better?

 

The first step is to encourage your friend or family member to seek professional treatment. According to Depression Hurts “the goal of any treatment is to help you feel more like yourself again so that you are able to enjoy the things you used to. To do so means finding the right treatment to address and alleviate all of your symptoms. Also, the goal of treatment goes beyond just getting better it is about staying better.”

 

Your employer can help too

 

Offering extended mental health benefits is one way that employers can encourage employees to seek help. Employers can also partner with leading mental health organizations to keep employees informed about the causes, effects and symptoms of mental health issues. This will help spot the signs from onset and detection can enhance treatment options.

 

If you believe in positive mental health, review your health insurance policy to see if you and your loved ones are covered. This is the first step in improving your quality of life – physically, mentally and financially. If you have questions about health, critical illness or long-term disability insurance, please contact me anytime, I’m happy to help.