V иметь связь, родственные отношения be related to (with) состоять в родстве, e g
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- NEXT STEPS: Investing
| STEP 4: Monitor your progress
Review your budget each month to find out how well it’s working. The Zussinos treat their budget similar to a business plan, revisiting all expenses each month to see if anything can be tweaked further. For instance, Lina loved special drinks from co ffee houses to the tune of $100 a month. She wasn’t comfortable with spending so much on co ffee, so she learned how to make the drinks at home. They also decided to increase their car insurance deductible (the amount they’ll have to pay out of pocket if they make a claim), saving another $150 per year. Making adjustments is a normal part of the budgeting process. Stay motivated by celebrating small successes, like the fact that you were able to save something, even if it’s just $5 more than you did before the budget was in e ffect. As Holmes-Winton says, “the point is that you are learning to limit your spending.” NEXT STEPS: Investing If you already have a handle on basic savings, consider starting an investment portfolio. For first-time investors, financial adviser Jim Yih recommends: Make an appointment at the financial institution where you keep your main chequing and savings accounts. You’ll be asked to fill out a risk profile questionnaire to determine what type of investor you are. Based on your answers, you’ll be placed into one of five categories: conservative, moderate, balanced, growth or aggressive investor. These categories will all clearly outline what portion of your portfolio should be equities (stocks and mutual funds that hold baskets of stocks), fixed income (such as GICs) and cash. For example, an aggressive investor likely has all her holdings in higher-risk equities, while a moderate investor’s holdings are more equally divided between equities, lower-risk fixed income and cash. While you won’t have to pay a fee to the financial adviser at your bank for this service, keep in mind that you will pay fees through what’s called the “management expense ratio” of any mutual funds you buy through your adviser. The fees are split among the mutual fund company and the advisers who sell the funds. Some mutual funds charge as much as 2.5%, which can eat into any investment gains, so make sure to ask about fees before you buy. If you’d prefer a more hands-on approach to investing at a lower cost, check out the Couch Potato strategy for tips (canadiancouchpotato.com). The plan uses low-cost index funds and exchange-traded funds. жүктеу/скачать 31,52 Kb. Достарыңызбен бөлісу:
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