It’s that time of year again. When the dog days of summer are coming to an end and you see the first leaf fall to the ground signalling the upcoming fall season, you know it’s time for back to school. To help you get back into gear, we’ve created a three-part blog post series.
Getting back into the swing of the school routine means shopping for school supplies, new clothes, and other school-related items. So, this is also a good time to take a look at your financial goals to see if they still align with where you want to be in the future – whether it’s for retirement or a rainy day fund. After all, life can get expensive, especially during times such as the back to school season. How are these expenses impacting your financial goals?
Assess Your Financial Goals
To help you assess, or create, your financial goals, here are some questions to consider:
- What are you saving for?
- What are your income and expenses today?
- What do you know about investing?
- Do you have any big expenses or major purchases coming up in the future?
- Do you have a retirement savings plan or a registered pension plan?
- Do you have any dependents? How will their needs change over time?
- Do you have any important income tax considerations?
Talk to Your Investment Advisor
The back to school season presents an opportunity to discuss these and other questions with your registered investment advisor. They will want to ensure they have a clear understanding of your financial situation and your investment goals.
Take a look at our Know Your Advisor section to find out more about working with a registered investment advisor. You can also view the video below to find out what to expect from your registered investment advisor.
The British Columbia Securities Commission (BCSC) has resources to help you get into gear for back to school.
If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.
InvestRight.org is the British Columbia Securities Commission’s investor education website.
With November being financial literacy month, I thought it would be a good time to point out a few things you can do to become a more confident investor. Stay informed Newspapers, magazines, and websites offer an abundance of information on investing and investment products. Even though the information can be overwhelming, staying on top […]
In October, we launched a new campaign in BC’s ethnic communities to encourage people to “Be Fraud Aware”. This campaign will be a three-year effort aimed at increasing people’s knowledge of investment fraud and its impact on tight-knit religious and ethnic communities. Today, the campaign is entering its second phase, with advertising running in the […]