Here in Canada, many of us are fortunate enough to have the resources to afford to buy a wide range of wants and needs. Granted, we are not always dealt the ideal circumstances given the financial challenges we face in this day and age. But we somehow make life work based on what we have and we seek to find ways to help others who are less fortunate.

And so, we buy that vehicle, take that vacation, renovate the home, enroll kids in lessons and help them through school. Some of us also find ourselves looking after elderly parents or we invest into causes that are near to our hearts. And what we bring in from our earnings, usually all goes out according to these priorities.

 After accounting for all these present-day needs, there often ends up being one person we overlook. This is the person you are most closely related to, whom you have known all your life and whom you will get to know better and better as the years go by. The person I am referring to is your future self.

Imagine having a conversation with this person. Will they regret not planning for their current requirements?

Might they face the situation of having to sell their house? What if they lose their job or require costly medical care? Or, perhaps they strongly desire to retire or follow a career passion but are hindered by excessive debt and insufficient savings? What if they have family members who wish to help but are unable to do so?

When making big purchases, consider if they impact future financial security. Evaluate delaying or finding cheaper options. Reallocate funds from discretionary spending towards securing future finances.

Financial goals serve as a pact between you and your future self, creating a partnership where your future self impacts your current spending decisions.

We can assist in a strategy to secure your future, ensuring stability during life changes.