Knowledge Base: Finances

SMART Financial Goal Setting Family Law Toronto

SMART Financial Goal-Setting

Last month, we discussed the importance of revisiting your monthly budget after having a significant change in your monthly income or your monthly expenses. We also introduced you to a concept called SMART […]

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How Often Should You Revise A Personal Budget Family Law Toronto

How Often Should You Revise A Personal Budget?

Before I go any further, I want to emphasize the importance of having a personal budget. A budget is the cornerstone for personal financial success. Your personal budget is the starting point towards […]

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RESPs and Divorce Family Law Toronto

RESPs and Divorce

A Registered Education Savings Plan (RESP) is a common vehicle used by many parents to save for their kids’ post-secondary education. Governments provide an additional incentive by matching up to 20% of a […]

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TFSA Versus RRSP: Is One Better Than The Other?

Everyone keeps talking about contributing to RRSPs and TFSAs, but not everyone clearly explains what they are or when you should contribute to these accounts. What is an RRSP? A Registered Retirement Savings […]

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nest egg family law Toronto

Nest Egg – Realistically How Much Should I Have Saved Away?

Okay, we all know we should having something put aside in case of emergencies, but is it really necessary to have a nest egg? Yes, because life is unpredictable. You don’t know if […]

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