The new year is the perfect time to pull back the curtain on your finances and check what’s working, what isn’t, and what could use some more attention. Here are a few key areas worth reviewing as you set yourself up for the year ahead. Reflect on the current state of your finances  If you have a budget in place, now is a good time to evaluate it. Be honest about your progress: have you been able to stick to it or is it proving harder than you hoped? If you’re consistently go

How to accumulate money, spend it, and put it to work in service of our long-term goals are all important questions we face daily. How we go about them will differ from person to person, but there are some common financial goals that we can often map onto each decade of life. Here are just a few. Goals for your 20s This is the time that many people are fleshing out their goals, investing in themselves (think attending university or learning a trade) and starting their careers

A good savings plan is key to getting ahead with your finances, but it won’t be worth its salt if you can’t stick to it. Here’s how to build a sustainable savings system that’s simple, realistic and easy to follow.  Choose a good home for your savings Not all savings accounts are created equal. Some come with multiple conditions, while others offer paltry interest rates that don’t stand a chance keeping up with inflation. To help you reach your savings goals faster, look for

When it comes to investing, advice (both good and bad) is never in short supply. But there’s one piece of advice that most investors can get behind, and that’s don’t put all your eggs in one basket.  This simple idea – known as diversification – has become a cornerstone of smart investing. And for newcomers in particular, it’s a great way to navigate the ups and downs of the market without losing your cool. Below, we explore what diversification is and how you can incorporate

It’s natural to want to help your kids, but if that support continues into their adult years it can be difficult to know when and where to draw the line. If you’re nearing retirement and have unwittingly taken on the role of ATM for your children, here are a few things to consider. Why boundaries matter To start, you’ll need to think about how your assistance might impact your own retirement. Dipping into your savings too much now can leave you less financially secure later o

The thought of putting your working years behind you can be exciting. But that giddy anticipation can give way to panic once all the practical considerations start piling up. Below, we address some of the more pressing questions soon-to-be retirees have, and what you can do to kick off your retirement on the right foot.  Decision #1: The level of risk you’re comfortable with Market fluctuations are part and parcel of investing. But those ups and downs you might have brushed a

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