For this month's Canadian Business Make it Make Sense column, Scheherazade Hasan, CIM, QAFP spills the secrets to enjoying summer while sticking to your savings goals.
Wealthsimple’s Post
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If you have more time now that tax season is over, check out one of these great financial books.
Financial Books That Have Stood the Test of Time
bmmria.com
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Looking to expand your knowledge about money and finance? Check out the titles in this article to add to your summer wish list!
Popular money books to add to your summer reading list
advisorstream.com
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In today's ever-changing financial landscape, being strategic with your savings is more important than ever. 💸 Check out this blog from SJP to discover how to strategically manage your cash savings for greater financial growth: https://ow.ly/G5ez50QAyxg
How to be strategic with your cash savings and make your money work harder
gilsongrayfinancial.co.uk
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A New Year is the perfect time to create new habits. Hopefully these tips can help you to get better financially organised in 2024. The beginning of a new year is always a good time to take stock and think about what you want to get out of the next twelve months and beyond that. What realistic steps can you take to help you get on course to achieve a sense of calm when it comes to your finances? Have a think about this list to see if you need to focus on any of these areas. Getting yourself prepared to be organised is often half the battle and January, while the weather is less than ideal, is a great time to plan how you want to make financial progress this year. #getorganised #planuary #finances
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Reader’s Questions: Tips for Managing Finances During Economic Uncertainty
Reader’s Questions: Tips for Managing Finances During Economic Uncertainty
http://darlingkeyzlog.wordpress.com
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Saturday morning, 14th October 2023 we had our 3rd session of The Men's Book Breakfast ~ The MBB. Our #T254 group continued reading 𝐌𝐢𝐬𝐛𝐞𝐡𝐚𝐯𝐢𝐧𝐠: 𝐓𝐡𝐞 𝐌𝐚𝐤𝐢𝐧𝐠 𝐨𝐟 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐫𝐚𝐥 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 b̳y̳ ̳R̳i̳c̳h̳a̳r̳d̳ ̳H̳.̳ ̳T̳h̳a̳l̳e̳r̳. A great discussion through sharing #experiences from #lessons taught by the book in chapters 9, 10, 11, and 12. 𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧: 🔊 Many households, especially those on a tight budget, used explicit budgeting rules. 🔊 The existence of budgets can violate another principle of economics: money is fungible, meaning that it has no labels restricting what it can be spent on. There is an old expression that money burns a hole in your pocket, and cash on hand seems to exist only to be spent. 🔕 A good rule to remember is that people who are threatened with big losses and have a chance to break even will be unusually willing to take risks, even if they are normally quite risk-averse. Watch out! 🔕 The crucial feature of Adam Smith’s conception of our passions in the book “The Wealth of Nations” is that they are myopic, that is, shortsighted. As he framed it, the problem is that “The pleasure which we are to enjoy ten years hence, interests us so little in comparison with that which we may enjoy today.” 🖲 Adam Smith recognized that willpower is necessary to deal with myopia. 🖲 The preference for present consumption over future consumption diminishes over time. 🔔 We all have occasions on which we change our minds, but usually, we do not go to extraordinary steps to prevent ourselves from deviating from the original plan. The only circumstance in which you would want to commit yourself to your planned course of action is when you have good reason to believe that if you change your preferences later, this change of preferences will be a mistake. 🔔 An individual consists of two selves. There is a forward-looking “planner” who has good intentions and cares about the future and a devil-may-care “doer” who lives for the present. The house money effect turns the normal risk-aversion of most people on its head. The “house money effect” refers people to who have won money or somehow received unexpected money. In that case, normal mental accounting goes out of whack and they feel free to throw money around and take risks and bets that they would normally never take with their own money. A vote of thanks for the #leadership to Lawrence Githinji and Andrew Balongo Opere our distinguished lead moderator for this year's 2023 season finale. I moderated today’s session. Great discussion and perspectives on these discussion points from distinguished gentlemen: Andrew Balongo Opere Jason Sentomero, FMVA Charles Maruga Brian Etemesi Bernard Mumo Jesse Nyokabi Andrew Kubo Mlawasi FCCA, CPA(K) Michael Oluoch Nicholas Mbugua (MSc,CPA,CAMS,ACCPA).
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Boost your financial confidence with our latest insights! 💼📈 Explore how this newfound optimism can impact the UK economy. Read more: https://lnkd.in/edTwJFEy #FinancialConfidence #UKEconomy
How Will New-Found British Financial Confidence Affect the Economy? - Questa Financial Planning
https://www.questachartered.co.uk
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Financial Coach | Launching Entrepreneurs to Prosperity | Create Accelerated Business Growth Strategies to Expand Small Businesses
Life's full of ups and downs, especially when it comes to income. But you don't have to ride the rollercoaster. Here are some practical steps to bring stability to your finances: 1. **Track Your Expenses Like a Pro** 📊 ✅ Know where every dollar goes. This clarity is your first line of defense. 2. **Build an Emergency Fund** ⛑️ ✅ A financial cushion can absorb those unexpected drops in income. 3. **Create a Lean Budget** 💪 ✅ Make your budget flexible and adaptable. Cut non-essentials when times are tough. 4. **Diversify Income Streams** 🌊 ✅ Don't rely on a single source. Side hustles and investments can provide a safety net. 5. **Prioritize Debt Management** 💳 ✅ Tackle high-interest debt aggressively. Lower monthly obligations mean less pressure. 6. **Review and Adjust Regularly** 🔄 ✅ Your budget isn't set in stone. Revisit and tweak it as your income fluctuates. Remember, financial stability is about resilience. It's not about avoiding fluctuations but being prepared to handle them. 🌟 What's your go-to strategy for smoothing out income bumps? Share in the comments below! #FinancialStability #Budgeting #SmartMoney
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