Personal Finance
Better Finances for a Better You
Topic: "Financial Resilience"
← Curating the web to find the most interesting and helpful
information about your money.
Quote of the week
"I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes."
- George Soros
Quote of the week
"Financial security and independence are like a three-legged stool resting on savings, insurance and investments."
- Brian Tracy
Quote of the week
"Save more money than you think you need. Life is unexpected and your future tastes will likely be more expensive. Not worrying about money tomorrow is worth more than whatever you could buy today."
- James Clear
Budgeting
With higher housing, transportation costs and food prices, many Canadians feel the effects of inflation each time they open their wallets.
Budget Busters — The Impact of Inflation on Everyday Life By Amanda Reaume →Serious stuff
Financial stability does not always mean wealth, but financial sufficiency as defined by each person. In order to build financial stability, it normally takes time to collect enough funds for general living in the future and emergency incidents that may occur.
7 Steps to financial stability by CHUBB →Word of the week
Financial Resilience
Financial resilience is the ability to withstand life events that impact one's income and/or assets.
Steps Toward Financial Resilience →Infographic of the week
The Challenge That Financial Vulnerability Brings to Canadians
Financial vulnerability and financial stress are mainstream issues affecting Canadians of all income levels and in particular more vulnerable populations.
Free Financial Resilience Score Tool →Serious stuff
Canadian resources to help improve your financial well-being 1) Budgeting and money management 2) Paying down your debt 3) Smart ways to save 4) Protecting yourself 5) Income taxes and you 6) Planning for retirement 7) Multimedia and interactive resources 8) Financial wellness at work
Use these helpful resources to find more information on the topics that matter to you here →Serious stuff
Financial wellbeing is learning how to manage your money and resources responsibly with an eye toward long-term financial security.
Explore resources to improve your financial wellbeing →Serious stuff
Financial wellness means having a comfortable sense of financial security and having enough money to meet all needs and demands in your life.
What is financial wellbeing? →Infographic of the week
Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State by the Visual Capitalist
This was originally posted on the Voronoi app. Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably. This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.
The income a family needs to live comfortably in every U.S. State →Budgeting
One in four Canadians are unable to cover an unexpected expense of $500, according to StatsCan.
Budget planning can help you live a better financial life and save for unexpected expenses →Infographic of the week
Charting the Relationship Between Wealth and Happiness, by Country
Throughout history, the pursuit of happiness has been a preoccupation of humankind. Of course, we humans are not just content with measuring our own happiness, but also our happiness in relation to the people around us—and even other people around the world.
Does money really buy happiness? Let’s find out →Infographic of the week
How Gen Z Feels About Its Financial Future
Gen Z is an optimistic and driven generation. Many young people in this generational cohort are turning to entrepreneurship and side hustles as a way to supplement their income and build a brighter future.
Gen Zers have a more positive outlook on their financial well-being than their millennial or Gen X peers →← Curating the web to find the most interesting and helpful information about your money.