Set your financial goals for the New Year!

By Jane Rooney, Canada’s Financial Literacy Leader

December 15, 2016

The holidays are around the corner, and that means many of us will start thinking about our New Year’s resolutions soon.  Lots of Canadians will make plans to eat healthier, exercise more, or spend more time with family.​

It’s important to have healthy habits, and our financial well-being is a big part of that.

Setting financial goals is a great way to get yourself on track. The New Year is a perfect time to get started. In January, after the holiday rush is over, you can take the time to consider your financial priorities and, most importantly, do something practical to start 2017 on a good financial footing.

To help Canadians, we’ve updated and relaunched our Financial Goal Calculator. This tool will help you develop a personalized plan to get out of debt or reach specific savings goals.

The calculator helps you:

  • Determine your current financial situation.
  • Set realistic financial goals.
  • ​Work out a plan to achieve them.

It’s designed for all Canadians. If you have low savings, high debt levels or both, this calculator is particularly helpful.

​Best of all, it’s easy to use, interactive, and free! We know money is one of the biggest causes of stress. You can reduce stress by setting financial goals. Having a personalized plan will equip you with the knowledge, skills and confidence you need to make wise financial decisions, whether it’s booking a holiday, making purchases, planning for a post-secondary education, or buying a house.

​​The Financial Consumer Agency of Canada also has unbiased, objective information you can use to make financial decisions that are right for you. All year long, and as your circumstances change, use the tools and resources listed in the Canadian Financial Literacy Database​.

​You can also get lots of tips and resources all year long by following our Twitter account and Facebook page​.

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