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Figuring out how to reach your financial goals takes a lot of planning. This thought may be daunting, but thinking about your goals in the same way you would map out a road trip can make planning easier. Now it sounds a little more fun (Florida? The East Coast?) and you can visualize your financial goals with a clear start and destination. Use these tips to ensure a smooth journey for each of your goals, and get on the right road to reaching them.
Set yourself up for financial success in 2017 with this exercise.
- Define your financial goals or check your progress on existing goals. What are you saving towards and what are your timelines?
- Find out how much you need to save each year to reach those goals. If you need help, work with an advisor and don't hesitate to ask them the right questions.
For many, ringing in the new year represents goal setting and a new chance to revisit existing objectives.
Often, these goals can be achieved within the year, like traveling, completing a course, looking for a new job, or finding a new home.
Now that the New Year has come and gone, it's time to start thinking about how you are going to improve yourself in 2017. Maybe you want to return to a regular gym habit or start eating healthier, but have you considered making a commitment to improving your finances first?
No matter what age you are, it's always a good idea to start investing. You will always benefit from putting money away, whether it's intended for a purchase that's a couple years away, or for your retirement forty years down the road. While it may be ideal to start saving for retirement early, there is no reason you can't start later in life and still maintain a good nest egg. On a similar note, putting money aside on a new-grad salary will benefit you in the long-term, no matter how much you have to start investing.
Being a first-time parent is an exciting time, and the nine months leading up to the birth of your first child are filled with preparations to make sure he or she will have everything they need once they arrive. A large part of this preparation is financial, and it requires some adjustments to your budget.
When it comes to saying I do, love isn’t all you need. When the average cost of a wedding in Canada is $30,000, tying the knot requires a big financial commitment, if you’re going the traditional route. There’s no doubt about it: weddings are expensive. We share 9 tips to save money on your wedding.
The value of saving money was ingrained in me by my parents at a young age. Cash gifts would go into my bank account and chores were happily accepted so I could buy my own treats at the dollar store. When the time came to splurge on an electronic or the hottest new toy, I had my own stash to dip into. Parents are the biggest influencers on their child’s financial habits, so here are our 9 ways to teach kids to save money, and they all start with you!