https://padlet.com/frank_fernandes/tfj7028li2bk Made with a stroke of good luck en-us 2018-03-20 15:34:23 UTC 2023-05-14 11:06:45 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Alarmclock.png frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244092461 2018-03-20 15:38:47 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244092461 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244109291 https://youtu.be/SciuwKxswr0
Canadian's debt load is high and it continues to rise each year because we are living beyond our financial means. However, one solution to control spending is to have a budget in place. A budget helps you understand where you are financially. This video explains what a budget is, why it is important, and the necessity of having a budget in place. One exceptional point of the video is the suggestion that it is not how much money a person earns that enables her or him to reach the financial goal, but how much she or he saves. The fact is that people think that they need to make a lot of money to save, however, this is untrue. ]]> 2018-03-20 16:02:59 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244109291 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244322320 ^{https://www.youtube.com/watch?v=AEUUZA9Y6bs}
This video, like what we have learned in our Money Matters course, provides sound advise for completing a financial plan. Once you have a budget in place, you still need to have a financial plan. This allows you take a look at your entire financial situation. This includes, assessts, liabilities, retirement and financial goals, such being debt free. It further sets out that a financial plan is similar to a road map which helps you get where you want to go financially. One of the things that I found was very useful was that a financial plan is a living document and is subject to change. It does not have to be ridged or restrictive. It can actually be quite fun to do.]]> 2018-03-21 00:36:20 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244322320 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244328327 Preparing for the inevitable is wise so is having a safety net. This article provides very sound advise and some pros and cons of not having a safety net. There are hurtles to building a safety net as suggested in the article, nonetheless, having at least six months savings to cover your expenses will give you peace of mind when an "event" occurs. Life happens such as car repairs, replacing appliances that no longer work, illness or being laid off or unable able to work. Being prepared just makes sense. If you have children, your chances of an emergency has doubled. What I find useful in this site is that some people may find it difficult to save six months salary, however, it goes on to suggest at least have a minimum, $1000.00, to cover the cost of a car repair. While it may not fully pay for the repair, it will elevate the impact of the repair bill.

https://www.moneytips.com/life-without-a-safety-net]]> 2018-03-21 01:08:46 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/244328327 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248139138 2018-04-03 14:36:25 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248139138 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248265851
_{^{https://www.youtube.com/watch?v=tlE7Pwx5Ehg}}]]> 2018-04-03 18:54:38 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248265851 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248833028 https://www.mymoneycoach.ca/saving-money/saving-tips/how-to-save-money
Now that you have put a financial plan in place now what? You have to save. In this article it provides you with great strategies of saving money. As mentioned earlier, you don't need to have a lot of money to save. The article teaches that by putting away small amounts regularly, paying yourself first, or by having electronic deposits directly into your savings account will enable you to meet your financial goals faster. A useful point is when starting to save money, open an account which is not easy to access or attached to your debit card. If it is easy to get to you may be temped to spend it. ]]> 2018-04-05 12:18:16 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248833028 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248864576  ]]> 2018-04-05 13:36:09 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/248864576 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251616529 http://www.clipartpanda.com/clipart_images/self-discipline-csp22190016-65632142]]> 2018-04-13 15:51:44 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251616529 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251887033 Most people are living from pay cheque to pay cheque. If an emergency was to happen, such as a major car repair, he or she won't have the funds to cover the cost and ultimaly a credit card or possibly even getting a small loan will be necessary to cover the expenses. However, by having a safety net in place, it will help alleviate the financial burden of the needed repair without affecting
your incoming household income. http://www.clipartguide.com/_pages/0060-0807-0913-4557.html]]> 2018-04-15 14:08:33 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251887033 frank_fernandes https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251889727 2018-04-15 14:33:26 UTC https://padlet.com/frank_fernandes/tfj7028li2bk/wish/251889727