Compressing expenses when income gets tight
Our legal community is feeling the impact of the economic
downturn in many ways, including job losses, layoffs and reduced
revenues. Many families are adjusting to a single income, perhaps
for the first time. However you've been affected, there are
plenty of people ready to offer sound advice and guidance to help
you navigate through the financial challenges that have been
brought about so quickly.
Your Lawyers Financial team is always here to answer any of your
questions. In the meantime, here are a few tips for making your
money go a little further if you're feeling stretched.
Create a budget and forecast for 2020
Take some time to review where your money is going and how your
priorities might need to change in the short term. For example, if
your income has been reduced, you may be better off carrying your
RRSP contribution room forward. The math isn't easy on this
one. So, get professional advice from someone
