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Financial check-up

YOUR GOALS:

What are your main goals? Select up to 3 of these items for your main goals.

Your savings:

When it comes to saving, which of these best describes you?
How do you approach budgeting?
Do you have an emergency fund? Emergency fund helpInformation:

YOUR INVESTMENTS:

What are you primarily doing to save for your retirement?
Do you have any investments outside of a savings account?Investments outside of a savings account helpInformation:

YOUR SPENDING:

What type of spender are you?

YOUR BORROWING:

When it comes to managing debt, which of these best describes your current situation?

YOUR PROTECTION PLAN:

Select all of the following that apply to you.

YOUR FINANCIAL ADVICE:

Which applies the most to you when seeking financial advice?
How often do you discuss your short-/medium-/long-term goals with your advisor?

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RECOMMENDATIONS:

We recommend taking the following steps to improve your financial future.

  1.  
Your goals:
What are your main goals?
  • Pay down my debt
  • Saving for a home
  • Saving for a big purchase (other than a home)
  • Saving for an emergency fund
  • Saving for my child(ren)’s education
  • Saving for my retirement
  • Managing my money better
  • I don’t have any specific goals
YOUR SAVINGS:
When it comes to saving, which of these best describes you?

I regularly ‘pay myself first’ and set aside some money before spending the rest

I only set money aside if I have a specific goal in mind, like a car or a vacation

I set aside money when I can, which isn’t as often as I’d like

I don’t do any regular saving, but I’d like to

How do you approach budgeting?

I keep a detailed list of my spending and update it regularly

I have a rough estimate of my income and expenses

I keep a list of my fixed expenses to make sure I can make all my payments

I don’t track anything – I just hope I have enough to cover my monthly spending

Do you have an emergency fund?

Yes, equal to about 3-6 months of my salary

Yes, but I feel I should have more in there

No, but I do have some general savings set aside

No, I don’t think I really need one

YOUR INVESTMENTS:
What are you primarily doing to save for your retirement?

I contribute to an RRSP (or other retirement investment) regularly

I have an RRSP but don’t contribute to it regularly

I plan on selling my house or other assets to cover my retirement costs

I’m not worried about my retirement yet

Do you have any investments outside of a savings account?

Yes, and I feel knowledgeable about where my money is

Yes, but I’m not sure whether my investments are performing as well as they should

No, but I’m interested in learning about my options

No, and I’m fine keeping it that way

YOUR SPENDING:
What type of spender are you?

A planner – I think through all my purchases, and try to research before I buy

A minimalist – I try to keep my spending low, and only buy what I really need

A bargain hunter – I’ll only buy something if it’s on sale (even if I don’t necessarily need it)

An impulse shopper – if I see it and like it, I’ll probably buy it

YOUR BORROWING:
When it comes to managing debt, which of these best describes your current situation?

My debt is manageable and I’m paying it off comfortably

I often make more than the minimum payment on my credit cards and other debts, but not always

I just make the minimum payments for my credit cards and other debt

I have trouble keeping up with the minimum payments on my credit cards and other debt

YOUR PROTECTION PLAN:
Which of the following do you have?
  • Life insurance (term, permanent, universal)
  • Personal health insurance (health and dental benefits)
  • Critical illness
  • Long term care insurance
  • Disability insurance
  • Mortgage/Creditor insurance
  • Will/Power of attorney
  • None of these
YOUR FINANCIAL ADVICE:
Which applies the most to you when seeking financial advice?

I speak to my advisor or financial planner

I ask friends or family

I research things on my own

I try not to think about it

How often do you discuss your short/medium/long-term goals with an advisor?

On a regular basis

When I have specific goals

Rarely

Never

YOUR NEXT STEPS:

The power of advice

A financial plan will help you meet your needs today and in retirement, and help protect you from the unexpected along the way.

Financial planning and advice

The best strategy for you

Other helpful planning and saving resources:

Financial personality quiz
Five financial products you should own

Get financial advice

An advisor can help you get on track for a strong and healthy financial future.

Speak with an advisor today

START PLANNING YOUR FINANCIAL FUTURE WITH HELPFUL ADVICE

An advisor can help you make well-informed choices for building and protecting your savings.

YOUR GOALS: Taking this assessment about your financial habits is a great start to your financial journey!

YOUR GOALS: It’s great that you’re thinking about your short- and long-term goals. Complete this goals checklist to help keep you on track.

YOUR SAVINGS: You have some great savings habits in place and understand how saving a small amount today can add up in the future. Keep it up!

YOUR SAVINGS: Setting aside money for a specific goal is great, but try setting aside a little extra each month and watch that money grow over time.

YOUR SAVINGS: Great job keeping a detailed budget! This is an important part of financial planning.

YOUR SAVINGS: You’re off to a great start with budgeting. Consider tracking your spending in more detail with this checklist.

YOUR INVESTMENTS: Great job staying on top of your investments! Use this retirement savings calculator to find out if your current investments will help you achieve your retirement savings goal.

YOUR INVESTMENTS: You’re on the right track. Consider meeting with an advisor to review your investments.

YOUR INVESTMENTS: Are you on track to meet your retirement savings goals? Use our retirement savings calculator to find out.

YOUR SPENDING: Planning before spending is a great financial habit to have.

YOUR SPENDING: Spending just on the items you need is a good financial habit.

YOUR BORROWING: You’re doing a great job staying on top of your debt. Remember to pay off debt with higher interest rates first and find out why you should check your credit score from time-to-time.

YOUR BORROWING: You’re doing well by staying on top of your debt. Paying more than the minimum is key to becoming debt-free. Here are some tips to help lessen your debt.

YOUR FINANCIAL ADVICE: Reviewing your goals regularly with an advisor and building them into your financial plan is a great financial habit.

YOUR FINANCIAL ADVICE: Reviewing specific goals is an important financial habit. Be sure to regularly discuss all your goals with an advisor to ensure you’re on track to meet them.

YOUR GOALS: It’s important to start setting short - and long-term goals. Completing this goals checklist is a great way to get started.

YOUR SAVINGS: Your savings strategy can be boosted by paying yourself first. See how saving a little today can make a difference in the long run.

YOUR SAVINGS: You need to get on the savings train! See how saving a small amount can make a big difference over time.

YOUR SAVINGS: You’re doing a good job making ends meet, but if you start tracking your day-to-day spending with this checklist you may find a little extra money to set aside.

YOUR SAVINGS: Perhaps it’s time you began working on a budget. This checklist will give you tips for managing your day-to-day spending.

YOUR INVESTMENTS: There are a lot of different investment options depending on your needs. Meeting with an advisor is a great first step towards building your investment plan.

YOUR INVESTMENTS: There are lots of ways to invest your money. Start by learning about the different investment options available.

YOUR INVESTMENTS: If you brewed your own coffee every workday and invested the money you save in your RRSP you could have $88,471 in 30 years!

YOUR SPENDING: Try to curb spending on things you don’t need – any price is too high for something you’ll never use. You can use that money to build your savings and investments instead.

YOUR SPENDING: Try to reduce your impulse shopping – this can help boost your savings and leave money for other investing.

YOUR BORROWING: Making the minimum payment is typically not enough. Try to work on increasing your debt payments. Here are some other tips to help you lessen your debt.

YOUR BORROWING: Keeping up with debt can be tough. Here are some debt management tips to try.

YOUR BORROWING: Getting control of your debt is a great way to manage your money. Take a look at 5 easy tips to get you thinking even more about your spending and saving.

YOUR FINANCIAL ADVICE: It’s important to review your goals. Think about setting up some regular meetings with an advisor to review your goals and ensure you’re on track to meet them.

YOUR FINANCIAL ADVICE: It’s important to set goals and review your progress. Think about working with an advisor to help make sure you’re on track.

An advisor can provide you with solutions and advice that will help you pay down debt sooner. Speak with an advisor today.

A TFSA is a great way to help you save for a home, a big purchase, an emergency fund,

Open a TFSA to help you save for your home. As part of the Home Buyers’ Plan, you can borrow up to $25,000 from your RRSP to buy or build your first home.

Open a TFSA to help you save for your big purchase.

A TFSA is a great way to save for your emergency fund.

If you have not done so already open an RESP to save for your child’s education and you will automatically be eligible for the Canada Education Savings Grant.

Making regular contributions towards an RRSP is an effective way to save for retirement.

Use this RRSP calculator to find out how contributing even just a little more to your RRSP every month can make a big difference.

Selling assets may not be enough to cover your retirement. Consider opening an RRSP or other retirement investment account.

It’s never too early to start planning for your retirement. Start contributing money towards an RRSP or other retirement investment today.

Building a financial plan is great first step in helping you manage your money better so that you can achieve your longer term goals.

When setting goals, you should also consider building a financial plan that will help you stay on track to achieve those goals.

Read 5 things you may not know about TFSAs to find out why they can be a great way to top up your emergency fund.

Consider other types of insurance such as: life insurance, personal health insurance (health and dental benefits), critical illness insurance, long term care insurance, disability insurance, mortgage/creditor insurance,

Consider putting in place: a will/power of attorney.

Great to hear that you’re already working with an advisor. Financial advice can make a big difference in how your money grows.

Getting sound financial advice and working with an advisor to build a financial plan that revolves around your needs can help you achieve your goals and secure your financial future.

MONEY MASTER

Money Master

Money

master

You save smartly, spend sparingly and invest intelligently. You set your goals, and you do what it takes to achieve them. Stay the course, but don’t ignore new opportunities for saving and investing.

SEASONED SAVER

Seasoned Saver

Seasoned

saver

You're one savvy saver - you've got some effective saving strategies and know how to make debt disappear. With a little advice, a little guidance and a little more discipline, you can achieve financial mastery.

SAVER-IN-PROGRESS

Saver-in-progress

Saver-in-

progress

You’re pretty sure you could be doing better! You’ve got what it takes to master your money – but it’ll take patience, hard work and some good financial advice to get there.

FINANCIAL BEGINNER

Financial Beginner

Financial

beginner

You don’t have a road map – you just take each turn as it comes. That might be fine for today – but what about tomorrow? Maybe it’s the financial advisor in us speaking, but a little advice might be a good place to start.