Mike Chronowich, Financial Planner

Back to Basics: What are Interest Rates? Understanding interest rates can help you better manage your finances. https://lnkd.in/gNZfFr_Z

Money-saving gifts that keep on giving: MoneySense’s 2024 holiday guide Canadians are seeking budget-friendly holiday gifts this year. Consider practical presents that offer long-term savings, especially in areas like groceries. MoneySense curated a list of 10 affordable gift ideas, discover thoughtful gifts that will be appreciated all year round. https://lnkd.in/g3frtS_Y

Rebound in holiday spending this year despite underlying consumer concerns Canadians are expected to spend more on holiday gifts this year, but with caution. This research from Deloitte shows spending is projected to increase by 10%, and other key findings. Rising inflation and economic uncertainty are driving consumers to seek out the best deals. Despite this, many Canadians remain concerned about their financial health, including housing costs, credit card debt, and the overall economic outlook. https://lnkd.in/gWwXGqQa

Why every parent needs a death binder As a parent managing finances, it's crucial to plan for the unexpected. While wills and power of attorney are essential, they're just the beginning. You need to organize important documents and share their location with loved ones. This ensures your family can access vital information if you're unable to. Here the common items to put in a death binder include. https://lnkd.in/ghHrETYM

Here are the most common mistakes lawyers see in wills – and how to avoid them A will is is a markedly important piece of paper that outlines what happens to your possessions and property, and who cares for your children. This article emphasizes that a DIY approach can be risky, and discusses common mistakes people make, such as outdated wills and unclear beneficiary designations. It also emphasizes the importance of open communication with beneficiaries and having a clear plan for your estate. https://lnkd.in/gb6Udhr5

Guaranteed income supplement The Guaranteed Income Supplement (GIS) is a monthly payment you can get if you are 65 or older. In most cases, we will notify you by letter when you can begin receiving the first payment. This letter will be sent to you the month after you turn 64. However, in some situations, you may need to submit an application. Learn how much you could receive, and how to apply. https://lnkd.in/gsHYeCj

9 natural remedies for calming anxiety without medication Anxiety disorders are common and treatable. They can manifest in various forms, including generalized anxiety, OCD, panic disorder, and PTSD. Treatment options include medication, therapy, and natural remedies like exercise and meditation. Here are some natural remedies, although natural remedies for anxiety can be helpful for many people, these are not always enough to deal with anxiety disorders. https://lnkd.in/gz2TwAFp

3 ways to spend less on food The article discusses strategies to save money on groceries amid rising food prices. It highlights price matching, rescuing surplus food, and utilizing a freezer and slow cooker. Price matching apps and surplus food apps like Flashfood and Too Good To Go are recommended. Freezing food and using a slow cooker are also effective ways to save money and reduce food waste. https://lnkd.in/gW5N_Rqq

Strategically growing your business for a future sale In this interview, Cheryl Zealand, Founder and CEO of Cranked Energy, discusses, how the business came to be; how it’s growing and ways to make it attractive for a future sale. She believes that focusing on growth, cost efficiency, and building a strong brand will make her business attractive to investors. https://lnkd.in/geXEwRi7

How to create a business that can survive a century From initial struggles to sustainable growth, every business has a life cycle. In this article learn about the factors that contribute to business longevity, including finding a profitable business model, managing cash flow, and adapting to changing market conditions. https://lnkd.in/g2ygv-7u