5 financial resolutions you can’t keep

Home > Learn > Articles > Retirement

Retirement | Articles

Set yourself up for a richer New Year by avoiding these common resolution mistakes

Jan 2, 2012

New Year’s resolutions list with red X through it

Peering at your financial flaws is a lot like trying on a new swimsuit in front of a 360-degree mirror – you probably won’t like everything you see. But if you are serious about trimming the fat from your spending and making this your best financial year ever, you must take a long, hard look at your finances. Unfortunately, many of the most common financial resolutions don’t add up to a well-proportioned financial picture. In fact, many resolutions are bound to fail by design. Find out which ones you should avoid making, and how to make resolutions that will succeed.

→

1 of 7

Additional Articles

Singletons: 1 – Smug Marrieds: 0 (Singletons are the new majority!)

What ‘going it solo’ means for your financial future

Money Media, Retirement

“The only thing worse than a smug married couple: lots of smug married couples.” So said Bridget Jones more than a decade ago. At the time, smug marrieds dominated the population. What with all their dinner parties, couples tennis matches and long-term real estate purchases, singletons have historically felt left out in the cold. read more »

The snowball effect on stocks

What happens to share prices when a news story starts to roll?

Investing, Money Media

Any good Canadian knows what happens when you toss a snowball downhill: that little ball of snow picks up more snow as it rolls, getting bigger, faster and stronger. By the time it crashes into a tree (or a tobogganer!), your little snowball might have grown ten times its original size. Public companies know this feeling all too well. A story that hits the news in the morning might seem like ‘no big thing’, but by the end of the day a CEO could be taking calls from the Prime Minister. Meanwhile, a company’s share price and market value will reflect all the rumours, speculations and announcements that occur – for better or for worse. Let’s look at a few examples… read more »