Have a financial plan in place.
Prepare a budget that sets out your income, benefits and
living expenses.
Understand your insurance needs.
Take precautions to avoid scams and fraud.
Do not give anyone your bank card or PIN.
If you need to write down your PIN, keep that information in
a safe place at home and separate from your cards. Do not carry it with you.
Make a back-up plan in case you are away or unable to look
after your own financial affairs for any reason.
Use direct deposits and automatic bill payments.
If you open a joint bank account with anyone, understand
that the other person may be able to withdraw all of the money; when you die, the
money may become theirs and may not be counted as part of your estate.
Get independent advice when transferring major assets or
before taking out a loan, such as a mortgage of any kind.
Before signing any contracts (e.g., Getting work done on
your house), check with your provincial or territorial consumer affairs
ministry or department
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