"These are things that are going to seriously affect your life and the lives of people after you," said Julia Chung, a financial and estate planner with JYC Financial. "Spend the money." You will likely need both a financial planner and a lawyer that specializes in estates, and possibly an accountant to review tax ramifications.
“Thanks to families, marriages, and other commitments, you may not have as much time as you need,” said Julia Chung, a financial and estate planner with JYC Financial in British Columbia in Canada. “If you’ve been out of school for some time, it may also take longer to adjust to studying and to learning. Allocate more time than you need and then be realistic about how that will affect the balance of your life.” Read more at BBC Capital.
“I’m not the hugest fan of RRSP loans for a few reasons,” says certified financial planner Julia Chung of JYC Financial in South Surrey, B.C. “You’re always working backwards — getting a loan, paying off the loan, and then getting a new loan the following year because you haven’t saved any money towards another year’s contribution, because you’ve been paying off a loan. It’s a vicious circle.”
Business magazines and websites are currently flooded with articles and tips for making this the best year ever! You may be reading all of them, and either feel incredibly empowered or impossibly overwhelmed.
For those of you in the second category who’d really like to get into the first, I hear you. So much on the go, and so little time. We could decide to backburner everything: I’ll get to that next week. Or we could just get it done.
It’s not complicated, but as you well know, it’s hard. Here are the steps you need to take to get where you are going. Need.
Having one baby can be a budgetary stretch — but having multiples requires superhuman financial organization. “It’s brutal, and I think a lot of people don’t realise how much more expensive it is,” said Julia Chung, a financial and estate planner with JYC Financial in Langley, British Columbia in Canada. “You’re looking at at least 50% more in just general costs.”
Want to purchase a new coffee maker this holiday season or tickets to a sports game but you're not sure if it's worth it. Experts say pricing an item in terms of how many hours of work it would take you to pay for it could be a useful tool for those who are looking to become more mindful in their spending.
