We’ve all made financial mistakes and, odds are, we’ll make a few more. But financial mistakes can be costly over time if we don’t learn from them. Here are some of the most common money mistakes in Canada.
Spending too much, month to month
Overspending can be controlled by creating and committing to a budget and tracking your expenses each month.
There are plenty of online tools that can help, or you can opt for the
old fashioned way: save your receipts, use a calculator and keep a spreadsheet.
Not having a financial plan or budget
It’s difficult to reach any destination without having directions or a good map.
Just like GPS can give you detailed directions and guide you to your journey’s end, a smart financial plan and clear budget can help you reach your financial goals. Not sure where to start? I'm here for you!