Learn.Understand.Empower

Budgeting so the month doesn't outlast the money

This is a life skill that will be useful far beyond your post-secondary years

You suddenly have a lump sum of money in your account from your RESP, OSAP or the bank of mom & dad. You are also living on your own for the first time. The opportunity to live it up and spend is tempting. Your tuition needs to be paid, your residence fees or rent are due and you are now responsible for feeding yourself and paying bills. You thought adulting was going to be fun.

5 Expert Tips for Managing Money as a first-year student

Use these practical pointers to develop smart spending and savings habits when attending university



Going to university for the first time is an exciting leap in life. It’s also when many young people first experience the challenge of managing money independently. 

If you’re just starting your post-secondary studies, here are some tips to set yourself up for financial success.

Why do we call it FrostFin?

The obvious reason is that is combines the Frost name and Fin (short for Financial). Also, a frostfin is an adorable little fish that resembles a goldfish. They are transparent (like our fees) and known for dwelling in the shallows to protect their eggs by keeping them safe in their mouth until they hatch (kind of like you watching over your nest egg).

The other reason is that it allows us to use lots of "fishy" analogies and "school" references-- just for fun!

STAY CONNECTED

Frost Wealth Management®  | iA Private Wealth | 1-855-619-3684

g.frost@iaprivatewealth.ca

This information has been prepared by Greg Frost who is a Senior Wealth Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Frost Wealth Management Team can open accounts only in the provinces in which they are registered.

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.

Insurance products and services are offered through Frost Wealth Management Inc., an independent and separate company from iA Private Wealth Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.

Mortgages provided by referral only