6 Steps to Sound Financial Principles Defensive 1- Pay off all your debts If we had the opportunity to review your budget in the last year, we may have built a debt repayment plan, with either a “snowball” or “avalanche” approach. Basically, the snowball approach is where you pay down your smallest debts first regardless of the interest rate, whereas with the avalanche approach you pay down the debt with…
The expense categories are the following. • Housing • Transportation • Personal • Emergency funds Each category has subcategories. For instance, under Housing, we recommend saving the following. • Heating (if not equalized) • Municipal and school tax • Maintenance and renovation (1% of your home value) How it works. We help you determine your projected cost and divide the amount by numbers of pays you receive a year. If…
$100 extra on your child assistance payment!
If you have a child enrolled in private daycare you can receive advance payment for childcare expenses
If you are facing this situation it means you have made good choices during your accumulation years and are now facing a good problem but why pay more taxes than you need to?
Starting an allowance helped elaborate a powerful concept that we all struggle with: needs and wants.
Budgeting does not have to be complicated and a person doesn’t need fancy tools or apps to do it!