Today we’re highlighting visual aids. Do you use visual aids when aiming at financial goals like debt payoff or savings? We found them super helpful and couldn’t wait to colour each step/box in with each payoff/savings milestone.
Have you used or considered using charts as motivation? Comment below and let us know.
Easiest way to keep good books is to have a dedicated bank account(s) where all income and expenses flow through.
The more time your accountant has to spend cleaning up your books, the more the price. Keep it clean, Keep it simple. 🤓
Looking for a why when it comes to managing your finances? Have you ever had a friend or acquaintance who came from old money? How about you be the first to start the old money trend in your family? #Startnow
Make sure you are properly insured and review your coverages at least once a year. Must haves in Canada include: Home, Auto, Life, Short and Long term disability, and Extended Health (coverage for dental, eye care, prescriptions and the like). Which one are you missing today?
There’s lots of love and acceptance available in the world today. Reach out to the right person or people and share your burdens. Please don’t give up on life. Faith, Hope, and Love are still very much available in abundance. Surround yourself with all 3, and remove yourself from news and issues that rob you of any.
P.S. check up on people randomly in this season. You just might save a life. 🙏
Ever heard of the debt snowball?
Write down a list of all debt from the smallest to the largest. Pay the minimum payment on all, add any extra $$ found in your budget to the smallest one until it is paid off. Then the next one, then the next one until #BOOM all are paid! You’ve got this!
Get Term Life insurance now if you don’t already have. Do not fall into the trap of expensive universal or whole life insurance. Husband and wife can be covered for less than $60 a month. The younger you are the cheaper it is so don’t wait!
Anyone notice the vows sound like “Till debt do us part”? What’s your partners affinity for/with money. Are they a natural spender, saver, giver? Do they actually like talking about money or prefer denial. It’s not about being faultless but being false-less with each other. a.k.a be naked and unashamed. If you have debt or other financial baggage, talk about it and come up with an attack strategy together to destroy it. Enjoy the process. 💕
“It’s also like a man going off on an extended trip. He called his servants together and delegated responsibilities. To one he gave five thousand dollars, to another two thousand, to a third one thousand, depending on their abilities. Then he left. Right off, the first servant went to work and doubled his master’s investment. The second did the same. But the man with the single thousand dug a hole and carefully buried his master’s money.
“After a long absence, the master of those three servants came back and settled up with them. The one given five thousand dollars showed him how he had doubled his investment. His master commended him: ‘Good work! You did your job well. From now on be my partner.’
“The servant with the two thousand showed how he also had doubled his master’s investment. His master commended him: ‘Good work! You did your job well. From now on be my partner.’
“The servant given one thousand said, ‘Master, I know you have high standards and hate careless ways, that you demand the best and make no allowances for error. I was afraid I might disappoint you, so I found a good hiding place and secured your money. Here it is, safe and sound down to the last cent.’
“The master was furious. ‘That’s a terrible way to live! It’s criminal to live cautiously like that! If you knew I was after the best, why did you do less than the least? The least you could have done would have been to invest the sum with the bankers, where at least I would have gotten a little interest.
“‘Take the thousand and give it to the one who risked the most. And get rid of this “play-it-safe” who won’t go out on a limb. Throw him out into utter darkness.’”
Matthew 25:14-30 MSG