It's beginning to feel a lot like summer.

And with the Victoria Day long weekend upon us many Canadians have turned their thoughts to adventure and warmer climates.

Even though there's a lot of excitement about upcoming fun in the sun trips, travellers have three top worries while away: the weather, losing something important and requiring medical attention.

According to a study by BMO Insurance, 83 per cent of Canadians are planning on taking a vacation this summer however, only half actually purchase travel insurance.

Life happens.

And with it, so do unforeseen hardships.

That's why it is always good to be proactive and have a plan.

A new report by BMO Wealth Institute reveals that while many Canadians have a financial plan in place, very few have considered what would happen if unexpected life events arose that could cause financial hardships.

Young money.

According to a new report from BMO Economics, Canada's youth will have more spending power than their parents over their lifetime.

Years ago, it seemed the younger you were, the worse off you were.

But now it seems the kids will be all right.

Shopping, reading, gaming, working, researching, banking. 

Today we do just about everything from the convenience of our computers.

As a matter of fact, Canadians spend an average of 30 hours per week connecting to the online world.

So it's no wonder that more and more Canadians are investing online too.

Canadians will be spending a little more on gifts for mom this Mother's Day.

As a matter of fact, they'll be spending an average of $107 to shower mom with love on May 12. That's up 27 per cent over 2012, according to BMO Bank of Montreal's 2013 Mother's Day survey.

And, men are planning on spending a little more than their female counterparts ($119 versus $96).

The Boy Scouts motto says it all: Be Prepared.

It's Emergency Preparedness Week May 5-11 and what better time to make sure you're ready for any emergency to protect your family, your home and your business.

Just think of the devastation from hurricane Katrina. Not only did it cause billions of dollars in property damage but it also resulted in the tragic loss of human lives, as well as years of rebuilding lives and communities.

Swiping, waiting and then having your debit card declined is one of the most stomach churning moments you’ll ever experience. If you don’t have the money in the bank, you’re now exposed as a forgetful idiot ... or worse. 

And even if it’s a bank error, that red-faced "what?" is still going to attract impatient, if not judgmental looks from those behind you -- which can be a problem for some people.

After all, many of us our self-esteem, identity or feelings of self-worth wrapped up in financial matters – all of which makes dealing with awkward money incidents particularly unsettling.

So much so that 48 per cent of consumers admit they've avoided someone or a particular situation that involved money because they knew it would likely get messy.

How do you know you've found the right home? Well, it's love at first sight of course.

According to a new report by BMO Bank of Montreal, 80 per cent of prospective homebuyers are sold on a home when they first set eyes on it.

The Psychology of House Hunting report, conducted by Pollara, also found that while 80 per cent know right off the bat that it's the perfect home for them, another 68 per cent say they are willing to settle for a home that's less than perfect.

While you're teaching your kids about the ABCs and 123s, make sure you throw in some saving and investing tips.

It's never too early to start teaching your children basic money know-how that will give them the foundation to build some financial savvy for the future.

Serge Pepin, vice president, Investment Strategy, BMO Asset Management, says, "The sooner parents start talking to their kids about money, the better prepared they will be when they start saving and investing for the future.

"Even very young children can benefit from learning basic investing skills and the importance of setting financial goals."

Does your life seem like the movie Failure to Launch when your adult child is still living with you at home?

In the 2006 comedy, the reason for the 35-year-old main character's failure to leave home is that he's just too comfortable living with mom and dad where everything is looked after for him.

But today, in reality, it just may be the cost of moving out that's holding junior back.