Financial Life Strategies

The holiday season is upon us! Some of you may have already finished your Christmas shopping, while others are just starting to think about it. Don't worry, you still have lots of time! To best enjoy the gift-giving season without any overspending, it's important to set up a Christmas budget.

Here are some tips to take the stress out of the holidays this year:
1. Set a budget you can afford and stick to it. Include everything you'll spend - gifts, cards, decorations, parties, etc.
2. Make a list to keep your gift giving focused and to avoid impulse buying.
3. Shop early and look for sales. The more time you give yourself to buy gifts, the better chance you'll have at finding the best deals.
4. Looking ahead to next year, you can start setting aside a small amount of money every month. Not only will saving in advance for gifts remove some of the holiday stress, it will also help you to carefully think through how much you truly want to spend on gifts for your loved ones.



Disclaimer: This information has been prepared by Bryan Muir who is a Portfolio Manager for iA Private Wealth Inc. Opinions expressed in this post are those of the Portfolio Manager only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

Happy Thanksgiving from the team at FLS! We hope you have a wonderful long weekend enjoying time with friends and family, and eating lots of delicious food!

Just a reminder to slow down and take a break from the stressful things when you can. Summer especially is a great time to take a step back, unplug from the news and social media, and spend more time doing what you love.