Ounce of prevention

An once of prevention is worth a pound of cure, or so as the old saying goes. As I was reading through the financial headlines this morning the one that jumped out at me said something like ” if you are reacting the market volatility after it’s happened then you’re too late”. So back to the point of the post is talk about preparation so the market volatility does’t effect you.

Here are a few thing to consider to help insulate your personal finances against any upcoming market volatility:

• Reduce your reliance on unsecured debt
• Maximize your mortgage pre payment privileges
• Create an emergency reserve
• Pay yourself first with every pay check ( put it in your emergency fund or investment before anything else)
• Have a high interest savings account ( where you put your emergency fund) that you can’t access while shopping
• Read up on budgeting programs like YNAB
• If you are one of the unlucky few at an office then pack your lunch
• Be proactive in your household maintenance as well as your vehicle maintenance

Today I am thankful for the long overdue day of rain, the cooler temperatures and the sound of rain through the tree’s.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here