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Financial Goals Should Be Part of Your Plans For the New Year.

While financial recovery is top of mind for many Canadians only one-in-three are setting financial goals as a New Year’s resolution.

 

A financial advisor for PC Financial, Jackie Porter, elaborates on why this is the case.....

 

“I think there’s a level of anxiety that comes with not knowing what to do.  Even if you have goals it’s like what do I do next.  So the holiday bills have come in, do I feel anxious about them, will I open the bills, will I look at them.  So the first thing is to take action around our fears, open those bills and come up with a plan to pay off the bills sooner than later as we know we’re in high inflation, high interest times and I think tools are really important when it comes to creating a plan, like what tools do you have at your disposal.”

 

Porter adds establishing a “rainy day” fund is important, and says even contributing a small amount of money monthly can make a difference in the long run.

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