Do you spend time wondering where your money goes?
Do you feel that you don't have enough money?
Sometimes spending can get out of control. Bad habits can creep up without you realizing it. Those little expenses add up and turn into big ones, and
WHAT TO DO IN YOUR 20’S THAT WILL BENEFIT YOU IN YOUR 30’S AND 40’S
1. Build a habit of eating healthy and exercising.
Your body will thank you….
FINISH UP ORGANIZING BY STORING ALL THIS NEWLY ORGANIZED INFORMATION IN A SAFE PLACE
Consider the following:
• Safety deposit box (accessible by a joint owner or executor)
• Filing cabinet
• Home safe
Now make sure to treat yourself to something for a job well done!
NEXT -
GATHER ANY ADDITIONAL INFORMATION AND CONTACT DETAILS.
• Notices of assessment for recent tax years
• Business of documents if you own or co-own a business
• Real estate deeds
GETTING ORGANIZED - GATHERING YOUR INFORMATION
Start with the personal information for your immediate family members.
Also gather any legal documents
• Full legal name and birth date
• Health card number
• Driver’s license and passport number
• Blood type……….
KEEP ORGANIZING NY GATHERING YOUR FINANCIAL DOCUMENTS, BANKING, INVESTMENT AND INSURANCE INFORMATION
• Mortgage(s)
• Line of credit
• Loans
• Credit cards………..
WHY NOT START WITH YOUR IMPORTANT PERSONAL INFORMATION.
it’s a great way to make sure your loved ones know what to do in case of an emergency.
No one likes to think about it, but if something happened to you, would someone else be able to find your important documents? If you’re inquire - or worse - you’ll want a family member or an executor to be able to locate your financial and personal information, such as estate paperwork or health information, quickly and with the least amount of hassle possible.
Being prepared can help avoid potential delays or confusion during stressful times. Having important paperwork in order simplifies things for your loved ones or your executor, can help ensure that nothing gets overlooked.
The best part is that it doesn’t take much work to organize your documents. Simply creating special binders or folders and keeping it in a safe place will do the trick.
You just have to make sure you tell your loved ones or your executor where they can find it.
Stay tuned for more of this series
Death can be very taxing, in more ways than one. First, there are the emotions everyone goes through. Then all the financial stuff that must be sorted through…..
Read More
Death can be very taxing, in more ways than one. First, there are the emotions everyone goes through. Then all the financial stuff that must be sorted through…..
Read More
How you can help adult children without jeopardizing your own financial future.
With the cost of housing and education continuing to rise in Canada, it’s more difficult for younger generations to get established.
Interest rates are so low, maybe it’s time to look at what the real risk is.
Stop overthinking it and just do it
Read More
Think Globally when it comes to investing
It’s hard to figure out what the next hottest market will be so it’s a good idea to have a geographic mix.
Read More
One of the common questions we receive is “Should I put money in a TFSA or in a RRSP?” Good question and it totally depends on your unique situation.
Read More
CE or continuing education credits are points you earn for keeping updated in various areas of all things financial. When you are a Certified Financial Planner like me
Read More
"𝘼𝙪𝙙𝙞𝙩𝙨 𝙎𝙪𝙘𝙠"
𝐘𝐞𝐬, they do! Who wants to hear that they’re having an audit? In our industry…