Net Worth – How Much You Have Saved and How Far You Have to Go

A picture of mountain peaks with the words 'Knowing your net worth is like learning where your map starts'

Calculating your net worth sounds scary but is actually easy and will make a lot of other personal finance calculations and decisions much easier. First, knowing it will give you some credibility and confidence. Second, your net worth is one number that will tell you exactly where you are financially. You need to know where you are in order to make a plan to get to your goal (financial freedom, retirement, you name it).

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Retirement – How Much Do You Really Need?

A picture of a cottage on a lake in the forest and the caption 'Start Saving for Retirement'

It seems like there is a constant flow of articles and news featuring people who don’t know how much to save for retirement. It is easy to sympathize with this problem but even after reading the articles I don’t feel like there is a clear answer on how much to save. There are many ‘rules’ that all seem to have as many pros as cons. I am going to breakdown a couple rules and how I got to my retirement savings goal.
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Your Emergency Fund – Keeping You Out of Debt

Black background with white text 'Count on your Emergency Fund Visit Successtosaving.ca'

Having an emergency fund decreases my stress because I know I have money in case of an emergency and lets me stick to my savings goals even when times are tough. Even with a good budget unexpected events happen.

An emergency fund must be easy to access and large enough to support you through a short period of difficulty. This could vary from job loss to poor health to a family crisis to any other challenge that you encounter. What they have in common – they would have a negative impact on your finances. An emergency fund will reduce your financial stress and decrease your dependence on credit cards when times are tough.

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