A recent study completed by PWC found that only 24% of millennials surveyed demonstrated basic financial literacy. This lack of financial competence impacts the ability of millennials to attain the financial success they desire. If you are a millennial struggling with understanding where to start with taking control of your financial situation, then this blog … Continue reading Finance Tips For Millennials
Do any of the following appeal to you: High returns on your investment? No questions asked life insurance? Free massages? Have you fully evaluated your employer’s benefits to optimize your participation? Check out my latest blog for tips on what to consider when opting in and out of employer offered benefits.
April 30th is quickly approaching – are you ready to file your taxes? For some, this time of year is overwhelming. The below are some tips to help ease the process and ensure you maximize your return. Tip #1 – FILE your tax return Even if you think you do not owe tax, or … Continue reading 5 Tips For Personal Tax Season
A big misconception about investing is that it takes a lot of money to make a lot of money. What it takes is some money and a lot of time. Time is a crucial component to investing. The time value of money is the idea that money available at the present time is worth more … Continue reading Time vs. Money – Which is on your side?
Self-discipline. What does that mean to you? The dictionary defines self-discipline as the ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it. The irony is most people have no problem doing things they feel like doing. The real issue is doing … Continue reading Are You Self-Disciplined?
As an employee, most think that the only way they can ‘save’ on their taxes is to contribute to an RRSP. However, there are other opportunities to save and benefit! Below are some tips that may be applicable to you to help maximize your tax savings and benefits. Tip #1: Allowable Motor Vehicle Expenses … Continue reading 5 Tax Tips for Employees
We all want trusted financial advice; however, finding it isn’t always easy. I started Savvy Saver Solutions because I myself have encountered the challenge of trying to find trusted financial advice. I want to share my knowledge and experience to help you, my readers, understand your financial situation and guide you towards achieving your goals … Continue reading Where Can We Go For TRUSTED Financial Advice?
Saving is important; however, it doesn’t come easy for everyone. A common challenge is identifying activities or habits in our everyday lives which may seem minimal on an individual basis, but in aggregate account for a significant portion of annual earnings. “Beware of little expenses; a small leak will sink a great ship”- Benjamin Franklin. … Continue reading Do You Truly Know Your Spending Habits?
In my earlier posts, I spoke to the fact that many Canadians lack knowledge when it comes to their finances resulting in financial stress. If you are part of that statistic, the below are some tips to help yourself climb out of debt and live a financially independent lifestyle. 1. Proper Mindset Only you … Continue reading 5 Steps to Achieve Financial Independence
It’s February - have you talked to your financial advisor about your RRSPs? A popular belief among many Canadians is that you should contribute to your RRSP as it provides significant tax savings, while also helping you plan for retirement. While popular, I challenge this. I do believe RRSPs can benefit a lot of … Continue reading To RRSP or not to RRSP