Whether you are new to the entrepreneurial game or a seasoned pro, understanding the common pitfalls (and how to avoid them) will put any business plan on the path to success. In the sections below, we’ll share the top five financial tips for Canadian entrepreneurs. Follow these tips and you’ll be well on your way to enjoying better financial health—not just for your business today, but for your own personal finances, too.
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As you start to earn more money, it is only natural to spend more. You may move into a bigger apartment, go out for dinner more often, or allow yourself to shop at fancier stores. This is referred to as lifestyle inflation.
Lifestyle inflation is the natural response to increase your expenses as your income increases. We work hard to enjoy more, so lifestyle …
All it takes is a little bit of creativity, and you can easily throw a party on a budget that everyone will love (and they won’t even realize that you’re spending less). In the sections below, we’ll give you the best tips on how to host your holiday party on a budget so that you don’t have to sacrifice your savings to have fun this holiday season.
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We all want to get better at managing our finances—but if you don’t know where to begin, financial health can be a goal that feels way out of reach.
Luckily, there are plenty of tried and true rules out there that can work for you. Even better, you don’t have to be a financial genius to understand how they work and to start putting them into practice.
If you feel like your financial health could use a boost but don’t know where to begin, this list is for you. We’ve compiled the top 10 lessons that we’ve learned in 2021 about how to improve your financial health, one step at a time.
Keep this list handy— 2021 could be your year to conquer the financial beast and start using smart financial habits!
If you aren’t a banker, investment broker, or someone who deals with financial topics on a daily basis, you probably don’t have a good grasp of inflation. And frankly, who could blame you? Economies are nothing short of complicated and there are plenty of factors that contribute to inflation.
Understanding the ebb and flow of inflation is a key part of ensuring that your personal finances are set up for success. This is particularly true if you plan on setting up an interest-bearing savings account—but inflation is going to affect your finances one way or another, from your mortgage to your daily cup of coffee.
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Think about the last time that you signed up for a bank account. What made you choose that bank? They probably offered you a free checking account or a free cooler or a sweet gift card as part of the deal (and who doesn’t love free things).
But if banks are offering free checking accounts, giving prizes away, and giving some percentage rates of return to your hard-earned savings, how are they making money? Aren’t they just there to keep track of your cash and ensure that it stays safe?
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There are plenty of tried and true ways to start saving money—and you can start saving money today, all without making huge, stressful sacrifices. In the sections below, we’ll walk you through the best ways to start saving money and show you just how easy it is to take control of your financial health.
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It isn’t easy out there for anyone who is starting at square one with learning about personal finances. Thankfully, there are a ton of valuable resources online to help you start learning about your finances. And without further adieu, here is a comprehensive list of our favourite online resources to guide you along your financial journey.
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For many of us, eliminating all forms of debt sounds like a very good idea. Imagine a life with no worries of paying monthly payments or interest rates. Well, reality is we do live in a world where you have to pay monthly for things and there is a chance you can get in debt. However, you can either be in good debt or bad debt.
Good debt? Yes. Believe …
Even if your plan isn’t to become outrageously wealthy, the path to financial success means understanding how to manage your money, including how to leverage debts. In the sections below, we’ll outline the differences between Good Debt and Bad Debt and show you how to structure your finances for success.
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