Spend Less by Spending More
No, this is not an endorsement of Costco (although with 4 kids, they do take a lot of my money!). Many years ago I spent more money than I should have on something that, to this day, I still use. Unknowingly, that situation instilled in me a philosophy that our family still believes in now. Read more about it in our most popular article so far this year
Spend Less by Spending More - read time 3 mins
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Interest and Inflation Rates
I feel like I can just leave this heading here for the foreseeable future.
Last week, the Bank of Canada increased interest rates by 0.50%. This instantly made debt more expensive. I did some math on my social channels (follow me for way more fun than I can add here FB | IG) that showed what it could look like for variable-rate mortgages.
Add to that the cost of everything has gone up over the last year (6.1%)...and our incomes have stayed relatively the same, if not lower. It's at this point that the Financial Professional in me screams, YOU NEED A PLAN.
We're not talking about a 45-page manifesto, but even a simple, money-in/money-out, where will you be in a few years quick look. Give us a call, and let's get started. It's what we do.
If you need something done, have a concern, or something is worrying you financially, call the office or email me at email@example.com. If you want to book a meeting, please use our online calendar.