Showing posts with label Common Cents Day. Show all posts
Showing posts with label Common Cents Day. Show all posts

Saturday, November 08, 2014

Common Cents with Gail Vaz-Oxlade and P&G #PGmom #FLM2014 #Giveaway

Did you know that November is Financial Literacy Month? Last month I had the opportunity along with my fellow P&G moms to listen to Gail Vaz-Oxlade, host of Til Debt Due U$ Part, Prince$$ and Money Moron as well as author of  17 books on personal finance.

For anyone who has seen Gail on TV, you know she's very engaging and supports a simplistic approach - but when it comes to money, a lot of people don't see things simply.

Among the tips she shared, there were a few that really stuck with me that I could immediately put in to practice. First was to use apps like Checkout 51 and Flipp to save on the go. Another was to switch my savings account to companies like Tangerine or Manulife which give more interest than the mortar banks. Also, to change your budget once a year - unless you change jobs, get a raise, move, have a child - anything life changing.

The long term tip I found slightly scary is this - for retirement, you should save ELEVEN times your income!