Here are five things we need to do to go from money zeroes to hero as a nation.
Why is it that very few of us actually take the time to sit down and actually assess our savings, spending and banking options until we want to buy a home or we begin to think about our retirement savings? Are companies profiting from our ignorance? Are they "banking" on it?
Along the way, you've assembled a trail of savings -- a locked-in retirement account here, a defined contribution pension plan there, a mutual fund account at your bank and some stocks in a discount brokerage. It doesn't take long before your assets start to look like a jigsaw puzzle with pieces in various places.
We list six reasons why it’s important to both save and maximize your hard-earned dollars.
It may seem like you can’t afford to save, but there are daily opportunities to be frugal.
There are many ways to save and invest, and both are important to your financial well-being.
Want to be smarter with your money? Head to the app store to find hundreds of useful programs that help track your spending and organize bills so that you can head down the path toward affluence.
Cleaning out the cupboards, taking stock of items that need to be retired or repaired, and outright purging in some cases, is often what is done as the weather changes. And while it's common to want to get your house in order, it's not so common to do the same with your finances.
The birds and the bees may not be the only difficult conversation you'll be having with your kids, discussing money and finances with your children can be just as challenging. Given the lack of mandated financial literacy courses in Canada, parents can fill the void by teaching financial concepts to their children early on.
Before you opt out of the real estate game entirely, give some thought to the following considerations. Sound financial planning, a realistic budget and a few good habits will go a long way to ensuring your mortgage is affordable.