Mortgage News
Getting ready to turn a new financial leaf
Summer is winding to a close, and Canadians are getting back to their normal routines. Vacations are over, the kids are going back to school, and it's time to get organized on finances.
Published
The end of summer tends to bring Canadians' focus to their finances. Whether it's re-organizing a budget after a summer vacation, planning to set aside funds for post-secondary education, or start to plan for retirement, what better time than now?
Some helpful hints to get started:
- Track your spending and create a detailed budget for a typical month, to cut down on consumer credit. If you're putting unnecessary items on credit, it may be time to take a step back and examine what spending practices can be cut down or eliminated altogether.
- To save for post-secondary education, take advantage of a registered education savings plan, and start a monthly contribution.
- Start accumulating an emergency fund for unforeseen expenses.