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Financial Literacy Links
For many years, I've been having conversations with clients about planning for the rest of their life, no matter what age. This isn't to sell products, although I do sell an e-Book/fillable forms to facilitate the process
See my shopping cart for the book/e-book, fillable forms, etc. titled How to walk in someone else's shoes...without wallowing in their shoe box
I facilitate conversation about planning and tax consequences. Sometimes we find one of the spouses/partners has very different expectations about retirement... that's always fun!
If such a session interests you contact me at 604-943-7414
We can meet in person or online through GoToMeeting
Click here for PDF of PowerPoint presentation to Vancouver CGA Computer User Group at Hycroft House April 14, 2011
Canadians had a chance to have their say to a Task Force on financial literacy during 2010 ...
Click here: Financial Literacy in Canada
Below are links to websites offering information, education and tools to aid in financial literacy.
Notice that each of these groups have a vested interest in their own profitability and it may be at the expense of yours...
My ten tips for financial health
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Evaluate your spending habits for a month, list all of your regular commitments or contracts that are annual or monthly, your debt service payments, interest rates on debts and essentials like groceries and gas or medical. How much is left over and who is entitled to spend the remainder? Is it split 50/50 or 80/20 between you and your spouse or partner? Is that fair?
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Know what you have, how many accounts, what assets you own, what debts you owe, what you insure and what's valuable, and where it's stored, check your will, power of attorney and representation agreements are current, review beneficiaries on insurance, RSP or RIF contracts ....This is where my book comes in handy
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Evaluate financial contracts to determine if they are necessary and cancel any that are not (cell phone, internet, phone, cable, debt, mortgage, credit, bank & investment accounts, organic grocery delivery, lawn, building, sprinkler, spa or pool maintenance, gym memberships, insurance plans)
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Develop a plan to manage your paperwork, and this is most people's biggest stress
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is where my book comes in handy Create a budget and a plan to live within that budget. Sort your cash out into five major categories with sub-categories. The five major categories are annual, monthly, essential, debt service and remainder.
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Refinance debt at a lower rate of interest, investigate lines of credit with credit cards attached instead of credit cards
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Make a long term plan (cash flow till you die requires date of death prediction)
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Prepare some 'what-if' I scenarios, like what if we sold the house and rented, experienced a decline in health , what if we cashed in the GIC's and paid off the credit cards?
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Evaluate what you are invested in, and if it's not growing, get out,consider debt repayment versus savings in tax deferred accounts and definitely consider TFSA's
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Shift your attitude about consumption of everything from water, your footprint on the earth, your food and other consumables from sources within 100 miles, living even more green and within your means
Disclaimer: Eileen Reppenhagen CGA does not research or endorse any product or service appearing in ads posted on this site. Please do NOT rely on or use the information on this website as a basis for a course of action without obtaining appropriate professional advice.Disclaimer: All Apple®, Windows Mobile®, and Android® trademarks remain the property of their respective holders, and are used only to describe the products being provided by The App Code. Any usage of the above-mentioned marks anywhere on The App Code website in no way indicates any relationship, endorsement, or affiliation with the holders of said trademarks.
All Intuit®, QuickBooks® Software,Quicken® Software and Profile® Software trademarks remain the property of their respective holders, and are used only to describe the products discussed on this website.. Any usage of the above-mentioned marks anywhere in this website in no way indicates any relationship, endorsement, or affiliation with the holders of said trademarks other than specifically stated, for example, Certified QuickBooks ProAdvisor.
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