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TORONTO, Oct. 17, 2011 /CNW/ - October 17-23 is Canada's third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to hear what Canadians are saying about money.
The resulting video is just a slice of the many comments heard from Canadians of varying ages. And because it's never too early to start talking to your kids about money, FPSC also spoke with some very young people about their views too. To view the video visit Verigo Mortgage Magazine
"Every day is financial planning day at Financial Planning Standards Council and for the 18,000+ Certified Financial Planner® professionals in Canada. But, while many Canadians may have great intentions, they fall into the procrastination trap," says Tamara Smith, V.P. Marketing & Consumer Affairs, FPSC. "We are putting a call out to every Canadian: this Financial Planning Week, it's time to take action — even if in small steps — to do more towards your financial wellbeing."
10 THINGS YOU CAN DO TO CELEBRATE FINANCIAL PLANNING WEEK: THINK, TALK, ACT ON IT!
Even small steps can build momentum and make a difference.
THINK!
1. Reflect on your life goals (Own a home? Travel the world? Or simply get by?). Think in terms of shorter and longer-term goals. As well, consider your needs and wants. Financial planning supports your life and it involves much more than just planning for tomorrow. It's about the continuum of your life, which includes today!
TALK!
2. Talk to your life partner. Money often comes last on the list of relationship conversations but it should be a priority and is an essential part of family life planning. Plan now to prevent money from becoming a stressor on your relationship!
3. Talk to your kids. It's never too early to teach your kids the value of money and the importance of good financial habits.
4. Talk to a financial planning professional who can help you make sense of it all. CFP® professionals are uniquely trained to help you translate your life goals into meaningful financial strategies and in seeing how all these strategies are connected. Before engaging anyone, learn what to look for and what to ask a prospective planner. See 10 Questions to Ask for starters.
ACT!
5. Learn something new. You can start by going to a Financial Planning Week event.
6. Track your spending so you know where that darn money is going. You'd be surprised of how much you can squeeze out in savings when you are accountable for every dollar spent.
7. Create a monthly budget.
8. Pay yourself first and start a savings and/or investment program. Even small amounts add up if you save regularly.
9. Pay off debt — especially credit card debt that can result in high interest fees for late payments. Keep your credit rating healthy and don't forget to pay those bills on time!
10. Get help creating a financial plan that looks at the whole picture. CFP professionals say it's never too early to start, nor do you have to be wealthy to have a plan. Planning is for everyone!
11. BONUS TIP: Brainstorm a few of your own ideas of what you can do to celebrate Financial Planning Week and make them meaningful for you. Remember - it's about your life.
NOTES TO EDITORS:
About Financial Planning Week
Now in its third year, Financial Planning Standards Council (FPSC) and the Institut québécois de planification financière (IQPF) have jointly declared October 17-23, 2011 as Canada's Financial Planning Week. During the Week, each organization will be spearheading industry events and public outreach activities in their respective markets. Financial Planning Week is part of an ongoing effort by both organizations to make financial planning more a part of Canadians' lives. Stay up-to-date at www.financialplanningweek.ca / Twitter @FPWeek, and join us on the LinkedIn and Facebook page for Financial Planning Week.
Article courtesy of www.verigomagazine.com, Verigo Mortgage Magazine
Bank of Canada leaves rates unchanged, acknowledges heightened risks globally, but still hints higher rates to come
Read MoreTORONTO, Oct. 17, 2011 /CNW/ - A report by noted housing economist Will Dunning, entitled Restricted Land Supply and Rising Housing Costs in the GTA, concludes that government-imposed costs and constraints on land supply have caused both the prices of new housing and the level of economic risk to rise.
Read MoreTORONTO, Oct. 17, 2011 /CNW/ - October 17-23 is Canada's third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to hear what Canadians are saying about money.
Read MoreOTTAWA, Oct. 17, 2011 /CNW/ - According to statistics1 released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011.
Read More
According to a new study released by the Desjardins Economic Studies team some industrialized countries are displaying signs of economic weakness, but the report indicates that this is not necessarily a trend.
Read MoreBank of Canada leaves rates unchanged, acknowledges heightened risks globally, but still hints higher rates to come
TORONTO, Oct. 17, 2011 /CNW/ - A report by noted housing economist Will Dunning, entitled Restricted Land Supply and Rising Housing Costs in the GTA, concludes that government-imposed costs and constraints on land supply have caused both the prices of new housing and the level of economic risk to rise.
TORONTO, Oct. 17, 2011 /CNW/ - October 17-23 is Canada's third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to hear what Canadians are saying about money.
Bank of Canada leaves rates unchanged, acknowledges heightened risks globally, but still hints higher rates to come
Read MoreOTTAWA, Oct. 17, 2011 /CNW/ - According to statistics1 released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011.
Read MoreTORONTO, Oct. 17, 2011 /CNW/ - October 17-23 is Canada's third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to hear what Canadians are saying about money.
Read MoreTORONTO, Oct. 17, 2011 /CNW/ - A report by noted housing economist Will Dunning, entitled Restricted Land Supply and Rising Housing Costs in the GTA, concludes that government-imposed costs and constraints on land supply have caused both the prices of new housing and the level of economic risk to rise.
Read More
According to a new study released by the Desjardins Economic Studies team some industrialized countries are displaying signs of economic weakness, but the report indicates that this is not necessarily a trend.
Read More