This past year has been quite challenging for the community as the pandemic has left a lot of people feeling quite uncertain about their sense of financial security. Now is the time to budget and save your earnings efficiently. Implementing a financial plan is a great start In order to set yourself up for the future.   To start off, a crucial tip is to allocate a sum of money for expected expenses and stick to it strictly. Prioritize your most important expenses and be cautious of your least important expenses. By understanding where your money is going, you can allocate accordingly.   Think ahead and make sure to designate a portion of each paycheque towards your future whether it be your RRSP’s, a TFSA, or your savings account. Your savings will start to accumulate slowly but surely. In dire times, such as now due to the impact of COVID-19 on our economy, it is crucial to save. If you have financial security, you won’t have to worry about struggling to make ends meet or being unable to put a down payment on your first home.   Reduce unnecessary spending, prioritize allocating money towards savings, and pay off existing debts to help you budget and save effectively for the new year. Ensuring that other vital expenses that you should be prioritizing, such as your mortgage, are accounted for and paid for in a timely manner. For more tips, call us today at (416)-621-7501.