New Year’s is the time that most of us make resolutions, and fitness is not at the top of most Canadians’ lists. In fact, more Canadians are making resolutions to pay down debt.
An annual survey by CIBC shows that paying down debt is the top financial priority for Canadians for the fifth year in a row. Building up savings and planning for retirement are also important along with paying bills and keeping up with day-to-day expenses. (Mortgage Broker News)
Anything you do in your life that involves money, needs to have a plan. A financial plan might sound intimidating, but it actually just outlines your personal and financial goals, and how you’ll go about achieving them. Whether it be buying a home, saving for a trip, retirement, etc., having a plan in place will actually put things at ease.
If finances is a part of your resolutions or goals for this year, it never hurts to talk to a professional to get you on the right track. If you’re looking at homeownership this year, I’m always more than happy to sit down and help you create a financial plan to make that happen. And if you’re looking for guidance in other areas of financial planning, feel free to ask me for some recommendations of financial planners I work with.
Best of luck with your financial goals in 2015!
