Is your marriage ‘financially’ sound?

The merging of two financial lives into one can create havoc on even the strongest of relationships and especially if money talks were never tackled beforehand. Ideally, financial discussions should have happened long before the marriage; however, it is never too late to try to understand your partner’s feelings about money and how compatible they [...]

Are you in shape? Take the ‘Summer Shape-up’ test?

Get the skinny on your financial ‘well being’ by taking the Summer Shape up Quiz.
 Quiz
        1.       I earn enough money each month to pay all my bills? Yes/No 
2.       I have enough money saved to pay for emergency or unexpected costs?  Yes/No 
3.       I have written financial goals?  Yes/No 
4.       I have a written savings and spending strategy that [...]

‘6 things you MUST-DO to ensure your family survives a job loss’

Nobody takes pleasure in suddenly becoming unemployed. Just the ‘prospect’ alone can be very overwhelming and stressful. Often the worry or anxiety comes from feeling you have no control over the situation. This is partially true, you may not be able to control what your employer does but you can control to some extent how [...]

RRSP’s versus your mortgage- the great debate

One of the most frequent questions I am asked is whether one should pay down their mortgage or invest in their RRSP’s. Although I am a big believer that financial freedom is achieved first and foremost by being mortgage free, there are a few factors that play into the equation such as, the return on [...]

A new year, a new start

By the time we have surpassed our late thirties, early forties and ventured well into our mid-life years we will have likely experienced many life defining events.
   ‘We merged our lives with others, married and had children. We’ve survived divorce. We became empty nesters. Or perhaps we stayed single but had meaningful relationships along the way.  [...]

Live by design - how to create the life you want

Are you living the life today that you envisioned you would be living 5, 10 or even 20 years ago? Are you content with most, if not all, of the many components that make up your world: your family, friends, career, health, finances, spirituality and community? If yes congratulations, that is no small feat to [...]

Do you have an emergency plan in place?

 In the last few issues of ‘itsHERmoney’ we discussed the importance of organizing the 5 rooms of one’s financial house; our personal debt room, our savings plan room, our retirement plan room, our estate plan room and our insurance needs room. Last month we tackled the topic of managing and understanding our ‘debt room’. In [...]

Tips to reducing your debt

In the last issue of itsHERmoney, we discussed the importance of decluttering your financial house, as clutter and chaos tend to go hand in hand. Hopefully you have had the chance to tackle the mounds of paper that represent your financial house and separate the ‘must keep’ documents from the ‘shred now’ stuff. And even [...]

Tips to spring clean your financial house

The flowers are blooming and the birds are singing - Spring seems to have finally sprung. It’s a great time to start new and clean out those cobwebs hiding within each nook and cranny of our homes. And although our intentions start off good, somehow we always find an excuse to dodge the hefty job [...]

‘9 important questions to ask before you retire’

If you’re like most, you probably don’t have the time to assess your future retirement needs. However, with increasing life expectancies and concerns over the stability of our health care system and government/private pension plans, early retirement planning is a must.
 To help you get started, here are some questions to think about:

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Essential lifestyle planning tips for your retirement years

When thinking about your retirement, it is important to look beyond just the financial aspects and take some time to think about the kind of life you envisioned having. What makes you happy and brings enjoyment to your life? What would you like to spend more time doing and less time fretting about? How will [...]