In our second instalment of TPB’s $avvy Family Tips, our contributor, Dan Olson from Sunlife Financial challenges your family to put the plastic away. What do you think of this idea?
Tip # 2: What’s Your Weekly Allowance?
Remember when you received your weekly allowance? The plans
you’d make on what to spend it on, the joy of having coins in your pocket, and
the disappointment when you couldn’t do something because your wallet was empty?
You had limited resources and a built- in spending limit.
Technology has stripped us of these basic money management tools, credit and
debit cards don’t display balances and are rarely “empty”.
How much do you allow yourself for the little things? For a month put that amount in your wallet
each Sunday in cash. Will you spend less this way?
Dan Olson is a Sun Life Financial Advisor. An experienced Dad with three children, now young adults. With everyone under one roof for the Summer, his home is feeling really, really small.
If you have some questions for Dan, or would like some help with your family’s savings, here’s how you can contact him:
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