Life hacks are usually small changes that can make life easier, like mastering how to fold those awkward fitted bed sheets. But when it comes money, hacks can be worth thousands over your lifetime….
A BMO poll finds making a financial plan tops the new year resolution list for many Canadians. Wondering how to get started? You’ve come to the right place.
Working with a financial advisor? Here are six important areas to discuss as you create your own financial and investing strategy.
There’s no way around it – kids are expensive! Fortunately you can counter those first-year costs by begging and borrowing for clothes, toys and equipment. When it comes to saving on stuff for baby, never be afraid to ask for help!
When it comes to planning ahead financially, Canadian young adults are lagging behind. Only 51 per cent have emergency savings of any kind – and starting a retirement fund is often a far off thought. With the state of Canadian pension plans plummeting, it’s more crucial than ever to get on the savings fast track.
For many newcomers to Canada, the initial years are mostly spent trying to establish a new life – one that includes a new job, a new home and new friends. With the focus shifted to the challenges of getting settled, planning for retirement often takes the back burner. Not only that – the concept of retirement in Canada might differ than in their country of origin.
It seems like we spend our lives striving to be debt free, but the reality is, each life stage presents a unique financial challenge to overcome. Whether you’re a student scraping by, or facing retirement with a smaller-than-expected pension, planning for your unique debt stage will help make you more prosperous at any age.
When we look at the financial planning world and the individuals preparing plans, you might be surprised to learn that the overwhelming majority of these individuals are actually working as commissioned sales people or on salary and bonus where almost every one of them have sales targets set by their employers.
Financial planning is something many adults struggle with. How is a kid who’s still in kindergarten supposed to understand where money comes from and where it all goes? Well, if you start early enough, you can teach your kids how to manage their money properly, long before they get themselves into real financial trouble as adults.