Managing Household Finances Truly A Partnership: Cpa Canada Survey

More than 100 residents delivered more than 7,060 pounds of household hazardous wastes to the collection event that was held at the Solid Waste Facility in October. It was a beautiful day and there were constant residents but no waiting in line, stated Melinda Williams, HHW coordinator. Residents from all over Salem County delivered their household generated hazardous waste during the event at no cost. Residents are reminded to bring only oil base paints to the events. Latex, water-based paints (clean up with soap and water) are not a household hazardous material and can be disposed of with regular household trash once they let the paint dry out in the can, stated Williams. Open up the paint can and add kitty litter, sawdust or a retail paint hardener in the can with the lid off and the paint will dry up. This can of dried up paint can then be disposed of in a trash bag with your regular trash.” Materials to bring are solvents, thinners, turpentine, varnish, metal polishes, nail polish, pesticides, herbicides, rechargeable batteries, fertilizer, weed killers, pest poisons, swimming pool acids, gasoline, antifreeze, used oil filters, kerosene, motor oil, used cooking oil and fluorescent bulbs. Residents are limited to 20 gallons of liquid or 200 pounds of dry material per trip. No small quantity/commercial generators of hazardous materials will be allowed to dispose of their waste at any residential collection events. No need to save those everyday alkaline batteries for the event because they are now regular household trash, stated Williams. Changes in Federal regulations combined with less hazardous battery components mean that the typical alkaline, household AAA, AA, C, D and 9-volt batteries fall below the federal and state hazardous waste standards and can be disposed of with regular trash. Tires and propane tanks will not be accepted at the Household Hazardous Waste Collection events because these are accepted every Wednesday and Saturday at the convenience center at 36 McKillip Road.

Virtually all respondents (96 per cent) are comfortable talking about financial matters with their spouse or partner. In fact, 92 per cent of those surveyed said they trust the money decisions made by their significant other. “It was very encouraging to discover that more than 80 per cent of the respondents discuss household finances regularly with their spouse or partner,” said Nicholas Cheung, CPA, CA, a director with CPA Canada. “Open lines of communication are important to make sure that couples are on the same page when it comes to money management.” Ninety-four per cent of the respondents felt that speaking openly about money signifies a strong relationship. A majority of respondents also cited a number of money matters that were being equally handled: 85 per cent felt making a major purchase was a task equally shared 58 per cent felt the same way about monitoring the household budget 56 per cent had the same opinion about managing financial investments In addition, 50 per cent of respondents felt that managing day to day banking was equally handled and almost half (49 per cent) felt the same way about ensuring the tax returns were filed. Still in line with those findings, 46 per cent of those surveyed felt that ensuring the bills were paid was equally split. “What emerges from the findings is that in so many ways managing the household finances is really a joint effort,” noted Cheung. Sixty-nine per cent of respondents stated their spouse or partner had shared with them the personal identification number (or PIN) for at least one credit or debit card. In addition, 70 per cent of those surveyed said they set a household budget together with their spouse or partner. “It makes sense to work together on establishing a household budget,” explained Cheung. “Not only does it help to keep the lines of communication open but spending time managing your household finances can go a long way in reducing stress and providing some peace of mind.” There are challenges associated with money management and the survey findings reflect that. Almost four in ten (37 per cent) of those surveyed said they had argued over money with their spouse and partner. Background Information TheCPA Canada 2013 Spouse/Partner Financial Surveywas conducted by Harris/Decima via telephone between October 10 to 16, 2013 with a national random sample of 634 adult Canadians aged 18 years and over who have a spouse or partner living in their household. The survey is considered accurate to within 3.9 per cent, 19 times out of 20. A survey summary report is available online at .

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