Whether I am busy at work or simply relaxing at home, the one thing that is always by my side is my phone. This is hardly out of the ordinary; over 30 million Canadians currently own a cell phone1. Our handheld devices are now the primary method of communicating with others, entertainment, planning our schedules, and even dealing with our bills.
Let’s talk about the elephant in the room that gets swept under the rug all too often when discussing our finances: personal debt. Our bills for borrowing can suddenly rack up as we establish new lines of credit and loans that are all too easily accessible via mail offers or pre-approvals.
Fall is finally here. The leaves are changing, the days are getting shorter, and your worries seem just a little bit further away. But folks, I’m sorry to say, sometimes storms roll in on the most beautiful of days.
Record keeping doesn’t have to be difficult. Now that tax season is over, we’re sure you can see the value in keeping your records organized (and the stress it causes when they aren’t!) Implementing a file system is very easy. As soon as you receive mail – open it, file it, and POOF! You’re done.
In case you missed part one and the introduction to Millennial Money Mistakes, you can find that blog post here. This post lists common mistakes 6 through 10 and some tips to avoid them or implement them.
Life happens. It’s a fact. Imagine meeting the love of your life, getting engaged, you’re working hard to save for the wedding and suddenly…Life happens. You know, those unfortunate events that occur at the absolute worst time? And they always suck!
One of the most important steps in creating a solid financial plan is to address the “uncontrollable” events in life. Protecting yourself with the proper insurance and legal measures helps create a solid foundation for a financial plan.