Let’s face it, we are all in the middle of a pandemic and our finances become a huge talking point. The pandemic itself has forced us as humans to focus on other aspects of our lives, that we may have otherwise neglected. Personally, I have struggled with my finances during the pandemic but I have not let that stop me from pursuing my ambition and other things I have going on in my life.
At this point, it’s important to always have a back-up plan when it comes to our finances. When in doubt, utilizing online financial calculators is the best way to go. Whether you are planning on buying a house, paying your mortgage, filing your taxes or preparing for upcoming utility bills.
Even if you do not currently pay mortgages or file your taxes yourself, planning ahead and preparing for experiences like this will really set you apart from others and would be very beneficial in the long-run. Personally, I do not fancy surprises so I try my best to stay informed, especially during the COVID-19 crises. The world and the economy itself has shifted and things are definitely not the same. Now, this is where your ability to adapt to the current state of the world comes in.
I recently started getting more insight into how taxes work over here in Canada. Honestly, this is still a learning process for me. However, I love how the online tax savings calculator helps give estimated rates on how you can save on taxes when it comes to buying a house or refinancing it. And even ways you can improve your credit score. This sort of information is very overwhelming but I am so happy there are useful tools like this online to help ease the pain of having to work through our finances alone.
Let’s all continue to prioritize our personal and financial needs this new year. We owe it to ourselves.
Happy new year loves and have a blessed year!