Paying down debt, building savings, emergency benefits
This year has been particularly challenging for new graduates of post-secondary schools. Because of the COVID-19 lockdowns, the last semester for most students was likely done online, as were exams and other final submissions. Graduation ceremonies have been postponed. But at least marks and certificates could be mailed out. So congrats to all the new grads! But what’s next? As lockdowns lift and things slowly return to normal, you’ll still have to deal with some “real world” matters – and these are mostly financial.
A (very) short post-graduate course in personal finance
Here’s a commencement speech you won’t hear at most graduation ceremonies: As a new grad, the most important lesson you’ll have to learn after leaving school is to live within your means and not spend more than you earn. You do not need to make a six-figure salary to be financially successful, but you do need to be smart about spending and to set out a diligent savings goal and investment plan. READ MORE
All about risk and robo-advisors
Novice investors looking for better returns than low-interest savings accounts have an embarrassment of riches when it comes to investment choices – ETFs, mutual funds, stocks, and bonds. But where do you begin? Here are a few tips for beginners on building a portfolio. READ MORE