A few easy financial wins if you’re feeling stuck and aren’t sure where to start:
1. Get a bank account that pays a reasonable interest rate (At least 2-3% rather than 0.02%)
2. Set up an automatic monthly deposit into your TFSA (limit is $7k this year, you can see your available room by logging into your CRA account)
3. If your TFSA is sitting in cash, get it invested in the market (assuming you’re not using it for any short term purchases)
4. If your mortgage is renewing, start shopping around, see what your payments are going to be like, make any adjustments to your budget that might be necessary, and, if you have some equity built up in your home, look into a HELOC as a way to give yourself flexibility and possibly save money in the long run
5. If you don’t own yet own a home but intend to buy one in the next few years, get a First Home Savings Account opened up
6. Get Term Life insurance if you’re currently not insured and have loved ones who depend on you and your income
All things you can definitely do yourself, but if you want help figuring out the details and doing the paperwork, shoot me a message and we can go from there.