Category Archives: Uncategorized

Do You Need Help with Post-Secondary Education Costs?

Life Lessons ScholarshipThe last year of high school is filled with schooling, parties and the pressure of deciding what you want to be when you grow up. For most teens, this is a time overflowing with excitement to start their new identity and future. Unfortunately, some of you have already experienced what real-life can be like and have dealt with the loss of a parent or guardian. You have survived that, or are still surviving, and you’ve made the choice to take the next steps in your future and go to post-secondary school. The challenge of paying for this choice is now your primary concern.

Manulife is proud to announce the Manulife Life Lessons Scholarship Program for Post-secondary Students for those who have lost a parent or guardian and are left with little to no life insurance. The Scholarship Program helps combat the financial burden of paying for post-secondary education during an emotional time and recognizes the perseverance that so many youth show in such adversity.  The Manulife Life Lessons Scholarship Program is committed to student success and helps support students financially, making the decision to attend and finish a college, university or trade school program a little easier.

This is a great opportunity for those who have gone through so much already and provides a chance at a new beginning. If you’re wondering if you qualify, click here for some additional information or contact us and we’ll be happy to walk through the process with you.

Young Boomers Retirement More of a Jingle than a Jangle

Young Boomers-FBA recent article by Joel Schlesinger at the Winnipeg Free Press presented the challenges being faced by a generation known to dance to their own tune. According to the study, there may have been too much dancing and not enough planning highlighted by the stat of 1 in six indicating they will be working until they die.

Our own Doug Buss was showcased in the article and shared his experience that this is not a surprise for those involved in the financial discussions with this demographic. “Growing up in an era of affluence bred complacency among some boomers.” says Doug.

It’s a great article that shows foresight can prevent the chance of getting to your golden years without a parachute. Take a read here.

The Gift is in the Giving. Responsibly.

Budgeting for ChristmasThe sleigh bells are ringing, chestnuts are roasting and Rudolph is working out to prepare for a long night of making children’s dreams come true. The holidays are a time for goodwill, good memories and family fun.

If you’re dealing with debt or trying to stick to a financial plan, Christmas can become a time of financial burden more than a time to be merry. Everyone wants to feel the euphoria of watching someone open that perfectly selected gift, but sometimes you have to find that joy in the intangibles. “The best of all gifts around any Christmas tree: the presence of a happy family all wrapped up in each other.” Burton Hills. Continue reading

November is Financial Literacy Month

Most of us only think of literacy in relation to reading. This month is meant to bring awareness to the term Financial Literacy and what it means to everyone. It doesn’t mean understanding how to look at your bank statement, but rather looking at your entire financial plan and understanding how it fits your stage of life.

For example, when was the last time you reviewed your life insurance policies? Or perhaps you or your partner don’t have an active policy. Or do you even know if you have one?

Financial Planning Winnipeg

Life Insurance is not the one trick pony of the past, there are now many choices in how you structure it. From Term Life which allows you to choose the coverage period, to Whole Life which provides a lifetime of protection to Critical Illness. Unfortunately, our health is sometimes seriously affected and Critical Illness provides coverage to protect our families from the financial burden of our illness.

If you are at a point where you don’t want to think about end of life, think about beginnings. It’s time to start your own chapter in the form of home ownership. You’ve done your research, found your new haven and negotiated your mortgage. Before you sign the papers, understand how to protect your investment.

Should you decide to add children to your equation, you hope they will move on to post-secondary education. Planning early can provide the financial education they need before they incur the debt which could come with it.

Each stage of life brings an opportunity to review your current financial standing and adjust for the future. It can be hard to know all your options and sometimes even harder to see the forest for the trees when reviewing your own assets. If you’d like some help, we’re here.

 

 

The Convenience of Online Shopping and It’s Budgetary Impact

Online ShoppingThere is nothing better than sitting in your pajamas, sipping on a cup of tea while shopping for your latest must have. You don’t have to worry about driving there, looking for parking, dealing with sales associates, long lines or the disappointment of finding that big win only to realize it’s not in your size. Online it’s as easy as click, click, buy.

The convenience of online shopping combined with the slew of discount opportunities makes it a powerful draw. Sometimes too powerful of a draw. All of the conveniences listed above are triggers for those with compulsive or impulsive buying habits. Online retailers make it even harder to resist with events such as Amazon Prime Day and other enticing reduced-price sales.

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