Financial Planning

4 Steps to Creating Achievable Goals for the New Year

Alyson Jones | Posted 01.04.2015 | Canada Living
Alyson Jones

As a therapist, I encourage people to set goals that are practical, realistic and attainable. Avoid the disappointment and discouragement of lofty resolutions by being patient and committed. In order to achieve this, I offer some simple and practical points of reflection and planning strategies that can reveal your priorities and assist you in moving forward.

How to Make Sure Your New Years Resolutions Are Accomplished

Coreen T. Sol, CFA | Posted 12.30.2014 | Canada Business
Coreen T. Sol, CFA

Predictably, the success or failure of your plans may be determined even before the strike of midnight. 'Tis the season for peak gym-membership sales and promises of budgeted spending. Whatever your goals are for 2015, there are a couple of safeguards you can implement to ensure that you aspirations are accomplished.

A Financial Plan to Kick the Annual Holiday Spending

Sarah Twomey | Posted 12.23.2014 | Canada Business
Sarah Twomey

The pressure builds as everyone rushes around buying too much stuff that we know we don't really need before the Big Day. Here's how to realign your financial situation with a five-step holistic or 360 degree approach that takes into account every part of your life.

Mapping Out Your 2015 Goals Is the Best Gift You Can Give Yourself

Anita Saulite | Posted 12.19.2014 | Canada Living
Anita Saulite

A new year brings excitement and anticipation of what's to come. It gives us the permission to make changes in our lives or not. With a little orchestration, we can map out 2015, set goals and accomplish more. This might be the best gift you could give yourself. Let me show you how.

Canadians' Plans To Use Home Value For Retirement 'Pretty Concerning'

CP | David Friend, The Canadian Press | Posted 01.31.2015 | Canada Business

TORONTO - Canadians may dream of retiring debt-free, but research done for Manulife suggests nearly 20 per cent of homeowners expect to lean on the va...

Actually, You Might Be Poorer Than You Think

Tim Paziuk | Posted 12.31.2014 | Canada Business
Tim Paziuk

Regardless of what type of investment products you're using, you should always know what it's costing you to have your money managed. If nothing is done to reduce the fees institutions are charging for investment management services most Canadians are going to be poorer then they think.

Tips For Women on How to Handle Their Wealth

Cindy Crean | Posted 12.30.2014 | Canada Living
Cindy Crean

What should women expect in terms of a financial plan? The plan should include a cash flow projection -- this means how much money you earn and spend in a month, a net worth statement -- which are your assets minus your liabilities, as well as a projection of your net worth throughout their lifetime.

Financial Planning for Your Family Vacation This Summer

Sarah Twomey | Posted 10.08.2014 | Canada Business
Sarah Twomey

This summer has been mostly go-go-go for the family. With school just around the corner, Jill and Joey want some adventure away from home. But can the Does afford it, considering all their recent expenditures? There must be activities that will help them stretch their "kid-fun" dollars, right?

Ways for New Graduates to Save

Sarah Twomey | Posted 06.24.2014 | Canada Business
Sarah Twomey

Graduating students have high debts and the chance of finding a good paying job appears to be low, according to the leading pundits. This may all seem very daunting if you're a grad with two or three part-time jobs who's barely scraping enough together for rent. Here are some suggestions on how you can achieve these goals with careful planning and creativity.

A Money-Saving Secret the Taxman Doesn't Want You to Know

Sarah Twomey | Posted 06.24.2014 | Canada Business
Sarah Twomey

Want to know a secret? There's another tax-free way to save for retirement that the Taxman doesn't really want you to know. It's called universal life insurance, a special financial security portfolio that gives you life and health insurance coverage and a tax-deferred saving component.

Advisor, Salesman or Thief?

Tim Paziuk | Posted 06.17.2014 | Canada Business
Tim Paziuk

If you like rants read on... I've had it with an industry that screws young people because of its own greed. Why is it that the government has absolu...

What Most People Don't Understand About Work and Happiness

Sheldon Dyck | Posted 05.31.2014 | Canada Living
Sheldon Dyck

Why is the difference in people's happiness massive when they make $80,000 instead of $50,000, but negligible when they make $200,000 instead of $100,000? Why are some of the unhappiest people in our society the children of enormously wealthy parents?

Highway To The Danger Zone: How To Avoid Spending Money You Don't Have

Posted 03.31.2014 | Canada Living

Most people have a strange relationship with money; even with good budgeting, there rarely seems to be enough to go around. But what do you do when yo...

Time to Get Up Close and Personal...With Your Finances

Cait Flanders | Posted 05.18.2014 | Canada Business
Cait Flanders

As I try to change my own views on money, I thought I'd share some of the insights that have helped me create a more positive relationship with it. In my experience so far, it can be as simple as switching your thought patterns, so you see the glass half-full rather than half-empty. Here are a few examples.

Five Steps To Help You Avoid Investment Fraud

Bob Stammers | Posted 05.11.2014 | Canada Business
Bob Stammers

When the conversation turns to fraud, investors can sometimes forget that tried-and-tested investment management principles still need to be applied. Even though diversification is one of the most fundamental and enduring investment principles, many investors forget to ensure their assets are diversified widely enough.

"How Much Money Should I Put in My RRSP?" Is the Wrong Question

Tom Hamza | Posted 05.03.2014 | Canada Business
Tom Hamza

I'm sometimes asked by the media to comment on how much money Canadians should put into Registered Retirement Savings Plans (RRSPs). There isn't an easy answer -- but there is a better question: How much money do you need to retire comfortably?

How to Painlessly Save For Retirement

Larry Moser | Posted 04.28.2014 | Canada Business
Larry Moser

In my 20 years working in the financial services industry, I have never heard someone say the less money you have at retirement the better. Some people can and will certainly make do with less, but one thing is sure; the more money you have saved when you retire, the more choices you will have in retirement. Follow these steps to start the ball rolling:

How to Talk About Money With Your Partner (and Keep Your Cool)

Anita Saulite | Posted 03.18.2014 | Canada Living
Anita Saulite

Do you talk about money with your partner, better half, significant other? Many of us don't have this conversation and struggle just to address the topic. If we find the courage to reach out and engage in conversations about money how do we keep our emotions in check?

Make 2014 the Year You Commit to Getting Financially Fit and Healthy

Jane Blaufus | Posted 02.28.2014 | Canada Living
Jane Blaufus

This New Year as you make your resolutions, commit to making one that will get you healthy and fit -- financially. While setting personal resolutions have become second nature, the New Year should also be the time each of us sits down with family. Talk about what your financial goals are in 2014 and what you need to have in place to ensure that your family is protected and aware.

Do Your Future Self a Favour and Plan for the Worst

Jane Blaufus | Posted 02.01.2014 | Canada Business
Jane Blaufus

When someone becomes critically ill, it can become very difficult or next to impossible for them to do the day-to-day things they need to in order to run a successful business. However, all is not doom and gloom, there is a solution to this situation but it needs to be in place before someone becomes critically ill not after and it is called critical illness insurance.

Taking Your Finances Into Your Own Hands

Bob Stammers | Posted 01.23.2014 | Canada Business
Bob Stammers

If you want a thing done well, do it yourself. With self-directed investment accounts, discount brokers, free online financial tools and an overabundance of online personal financial advice, it may seem like consumers today are well positioned to manage their own financial path. But access to tools doesn't necessarily mean one has the skills to use them properly.

10 Money Management Tips From Experts

Douglas Hoyes | Posted 01.23.2014 | Canada Business
Douglas Hoyes

This is Credit Education Week, and the theme this year is "Every Dollar Counts." Small expenses can add up to big dollars. So this week I did a survey of my colleagues and I asked them for their top money management tips, and here is their top 10 list.

Does Your Financial Plan Make Any Sense to You?

Tim Paziuk | Posted 01.23.2014 | Canada Business
Tim Paziuk

Is your financial plan just a bunch of numbers crunched to the point of no return? I often wonder if the general public has any idea about what really goes on within the financial services industry. When they take the step towards planning for their financial objectives, are they receiving the best advice available or simply the most available advice?

What Triggers Personal Financial Collapse?

Douglas Hoyes | Posted 01.23.2014 | Canada
Douglas Hoyes

Over the years I have met with thousands of people who "unexpectedly" lost their job. My advice: assume you might lose your job at some point in the next year, and make a plan now to deal with that job loss.

Why Is Talking About Money So Taboo?

Deborah Nixon | Posted 11.24.2013 | Canada Business
Deborah Nixon

My oldest friend and I met in kindergarten. We have gone through everything together -- death, marriage, divorce, job losses, and childbirth. Yet, the one thing we don't discuss is money. How did it get this way? Money is embedded in our culture and in our lives.