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 an account with a...

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 into your...

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 on. And if you...