Financial gym

by Riley

Financial gym offers a one on one service to help you save your money efficiently and effectively. Financial gym has a three step process on help you save. Step 1 is meet your trainer, you sit down 1 on 1 with one of their trainers as they train you on how to save your money. Step 2 is get your plan, you and your trainer will create a plan that fits perfectly to you using simple and achievable tasks. Step 3 is work it out, basically this step is just your trainer keeping up with you to make sure that you are keeping up with your plan and are saving money. I think this is good it is personal and they make sure you are saving your money the whole time and they hold you accountable if you are not keeping up with your personalized plan.

https://www.financialgym.com/

Hardbacon

by Riley

Hardbacon is app for buying and managing stocks. I don’t know how common buying stocks is with people now a days but the app seems simple and easy to use it is an apple devices only app right now. The app is very advanced and claim that it can set you up with something called a robo-adviser I’m not sure how helpful that may be compared to an actual person helping you. I think this app isn’t going to last it may be easily accessible and always with you but I think buying stocks is just too complicated for an app to handle. It is just smarted for people to do this kind of stuff face to face with someone. 

https://hardbacon.ca/

Pay Yourself First

by Riley

Pay yourself first is a phrase commonly used in personal finance and retirement planning it means to automatically route a specified saving contribution from each paycheck to the time it is received. Pay yourself first doesn’t refer to earning money but refers to saving money. Basically you are taking out your own sum of money and putting it into a retirement fund or any kind of fund with no middle man. This method helps with people who don’t save enough for retirement or an emergency fund. Personally I think this is a good method it makes sure you have money in those funds whether it’s emergency or life insurance or your 401k. The pay yourself first simplified is just put money in to your funds before you pay for your bills.

 https://www.investopedia.com/terms/p/payyourselffirst.asp 

Saving is Sexy

by Riley

This article states that men that spend more money on first dates have better dating success but are more likely to go home alone compared to savers who are more desirable romantic partners. The article also says those who are savers are much calmer and more likely not to cheat or drink too much when at bars. This article has zero evidence to prove any of their findings are true.  I didn’t like this article it had zero financial aid it just tells you that if you want a long-term relationship be a saver if you want a short one night stand kind of thing than be a big spender. For me this is not helpful and complete irrelevant to budgeting money.

http://www.humbledollar.com/2018/04/saving-is-sexy/

Retirement

by Riley

When thinking about retirement you have to decide if u are going to save for your retirement or get a pension. A pension plan is a sum of money added up during your employment period, these payments are drawn to help with life after work. A pension is either a “defined benefit plan” or a “defined contribution plan”, a defined benefit plan is a fixed sum is paid regularly to a person, a defined contribution plan is a fixed sum of money invested then becomes available at retirement age. Pensions should not be confused with severance pay. Saving for retirement could just be saving with a bank with a certain fixed number or investment rate of whatever you decide.

https://en.wikipedia.org/wiki/Retirement

https://www.canada.ca/en/financial-consumer-agency/services/retirement-planning/start-saving-retirement.html