Author Archive for: Advisorsavvy

On top of looming winter, Canadians have to deal with tax season this time of year. While taxes and dealing with your finances can be bland, we’re here to make it a little easier and understandable. Since finances are already at the forefront of Canadian’s minds right now, it’s an optimal time to review and adjust your general finances as well. In this year-end financial checklist, we offer a comprehensive list of what to consider on an annual basis. The importance of an annual financial check-in Most people have financial goals they’re trying to achieve. These could be short-term or long-term. For example, saving for your next vacation is likely a short-term goal. Whereas saving for a down-payment on a home or retirement may be a long-term goal.  Regardless of your specific goals, an annual financial check-up is important for tracking your progress. By revisiting your finances yearly, you can review how you’re doing and reassess your goals. Perhaps you

Did you know that, according to a HomeStars survey, almost three-quarters (74%) of Canadian homeowners planned on improving their homes in 2021? Many Canadians have transitioned to fully remote work, meaning they’re spending more time enjoying their homes — no doubt coming across rooms and features that need sprucing up. HomeStars found that 54% of homeowners were planning on improving their outdoor space this year, with 29% citing that they want to better enjoy the space. Other top renovation projects include bathrooms (32%), kitchens (23%), basements (17%), and appliance repair/replacement (12%). Even with the pandemic behind us, home renovations can greatly improve your quality of life! Another big reason why Canadians are renovating? The desire to age in place. 79% of respondents said they are planning on staying in their homes as they continue to age, and 50% said they were renovating to ensure they could do so. Homeowners have been sprucing up their homes for decades — and they’ll

We spend most of our lives working and saving our hard-earned money. And we do that so we can retire, comfortably. Therefore, that nest egg is there to help us live our retirement in the way that we want.

Whether you’re saving for the future or a trip, or just trying to make ends meet, a solid budget helps get you there. Actually seeing what you spend and what you owe helps you build a good credit history and score.

How are you supposed to know which credit card is best for travel? Well, it depends on a lot of factors.

It is best to consider consolidation if you have multiple debts with high-interest costs and if you are not paying them off in full every month.