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  • Favourite Blogs & Farewell

    By: Candice Hodgins
    3/15/2016 7:14:00 AM

    I’ve been blogging on our website for three years now. It’s been a great experience for me, and I’ve enjoyed sharing my experiences and story with you as I navigated through my post-graduate life.

    As I move into a new role at Libro and a new stage of my life I want to leave you with the knowledge that, no matter how little cash you have or how big your goals are, you can make your money work for you. Use smart saving and spending, and by planning ahead you’ll be able to achieve your dreams without digging yourself a “hole of debt” to get there!

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    Taking a step back

    By: Candice Worsfold
    12/16/2015 7:55:00 AM

    What’s changed in your life since you last thought about your goals? Large and small changes can have an impact. It’s important to re-evaluate your goals when life happens. Get engaged? Change your job? Move to a new city? I tend to get comfortable with my goals and budget and fail to re-evaluate when something changes.

    When something happens, big or small, make sure you evaluate how that impacts your saving, debt repayment, and goals. It’s a great idea to check in with your budget to see how things have changed. The first step is looking at your money in (income) and money out (expenses). The easiest way to do this is to write down all of your fixed expenses (anything that doesn’t change in cost - car insurance, rent, cell phone) and your variable expenses (groceries, entertainment etc.). Once you have your money in and money out, you can prioritize and set goals for the rest – more debt repayment, retirement savings, saving for a home, the future, travel. These goals will change over time, and your situation (money in and money out) will change too. Re-evaluate every few months to make sure your spending plan still works for you.

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    Insurance

    By: Candice Worsfold
    11/24/2015 9:25:00 AM

    November is financial literacy month! Each week I'll be posting about different money smarts topics.

    No one ever worries about insurance until they need it. At which point you become thankful you had your ducks in a row, and covered yourself for the worst-case scenario. Here’s some information you might want to know:

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    Planned Spending

    By: Candice Worsfold
    11/17/2015 7:50:00 AM

    November is financial literacy month! Each week I'll be posting about different money smarts topics.

    Opinions on the suggested savings numbers, percentages and amounts for retirement are everywhere. There are a lot of variables that will change the amount you need, such as your retirement lifestyle, and company pension plans. In general, if you start saving early, dedicating 10% of your income to your retirement is recommended. For simplicity sake let’s say 10% is what your goal is.

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    Avoiding Credit

    By: Candice Worsfold
    11/10/2015 7:55:00 AM

    November is financial literacy month! Each week I'll be posting about different money smarts topics.

    A recent Financial Post article talks about millennials and their resistance to credit cards. I do believe millennials are becoming more frugal, and spending their money on experiences that are important to them, rather than the collection of “stuff”. Any time you talk about a generation, it’s a general statement and by no means applies to everyone in that group.

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