Setting financial boundaries

We are quickly approaching Christmas and after that, all of a sudden it will be the new year.

So, before the end of the year and holiday craziness ramps up, now is the perfect time to set some financial boundaries. Just like personal boundaries, financial boundaries can help you to prioritize your financial health and set you up for success.

Some examples of healthy financial boundaries you can create or enforce:

·       create a budget and a savings and investment plan centred around your financial goals

·       set clear limits on debt and lending

·       stick to a holiday spending plan

·       let go of any guilt and advocate for your financial health-with family and friends

·       communicate your boundaries and share your wisdom