Blog
Let’s talk our favourite acronyms! RRSP
Registered Retirement Savings Plan (RRSP) - let’s cover the basics as to what it is, why you may or may not need it and how it helps you.
The Effect of Time
An important thing to keep in mind when planning for your financial future is the effect of time.
If you start investing now rather than waiting a decade or 2 can help you significantly in the long run. Evaluating two different scenarios, one with a retirement goal and the second with a monthly investment goal.
It’s Net Worth Time!
Every month, I calculate my net worth and track it. This has been a great tool to keep me motivated on my financial journey. I’ve been able to see the changes in my finances on a monthly basis and compare to where I was last year.
Debt Repayment
Most people have debt. How’s your mindset around debt? What debt repayment strategy works best for you and your circumstance?
Provide a high level overview of the avalanche and snowball methods along with some questions to ask yourself about your relationship with debt.
Emergency Fund
As someone whose been unemployed since the end of July, I can speak from experience that an emergency fund comes in handy. Having this buffer has allowed me to be selective in finding my next position and making sure that I’m looking for something that truly aligns with me, rather than jumping at the first available option.
Sh*t will always happen
Life is often unexpected and can add variability to monthly expenses. It’s better to plan for them to ignore them because they are unavoidable.
