Birdsall Wealth Management Group

Happy Father's Day to all the incredible dads out there! 🎉👨‍👧‍👦 Today we celebrate the strength, love, and guidance you provide every day. Whether you're a father, stepdad, grandpa, or father figure, your impact is immeasurable. Thank you for your unwavering support and the countless memories you've helped create. Here's to you!

🌸 Happy Mother's Day to all the extraordinary moms out there! 🌼 Today, we celebrate the incredible love, strength, and endless sacrifices you make every single day. 💖 Whether you're a new mom, a seasoned pro, a soon-to-be mom, or a mother figure in someone's life, your impact is immeasurable. 🌟 Here's to the ones who kiss boo-boos, wipe away tears, and fill our lives with warmth and joy. 🌈 You are appreciated, cherished, and loved more than words can express. 💐 May your day be filled with all the love and happiness you bring into our lives! Cheers to you, amazing moms! 🎉

The notorious credit score…
- It assesses whether you can repay your debts and pay your bills on time
- The most important components that make up the score is payment habits (35%) and credit use (30%)
- It changes depending on how you manage our credit

53% of Canadians have experienced financial difficulties here are 3 tips to keep in mind in this situation:
1. Prepare a budget (knowing your income and expenses is the foundation of healthy finances)
2. Pay by cash or debit: People are less likely to overspend when they don't use their credit card
3. Steer clear of debt: Avoid impulse buying, spend within your means and make your payments

Watch For this Wednesday: Today January 24 the Bank of Canada is announcing the setting for the overnight rate target as well as a press release explaining the factors behind the decision, so keep your eye open!

Recession is when an economic downturn lasts at least 6 months and typically they reduce inflation. Learn more about how to best prepare for these difficult times

Let's Talk RRSPs…
- There is no minimum age for opening an RRSP but you must have filed a tax return the previous year and have declared employment or business income
- There's no minimum contribution amount
- No matter how much you contribute, it reduces your taxable income

Dec. 15, the Business Outlook Survey will be released, it is a summary of interviews with business leaders, in accordance with Canada's gross domestic product. In addition to the Canadian Survey of Consumer Expectations aimed at measuring household views on issues of interest.

48% of Canadians who invest have poor investment literacy (Canadian Securities Administrators). Being investment savvy is more important when the stock market is volatile even if you have an advisor, as our team to help you learn more!

A market downturn is a good time to invest if you have extra money to do so, but never take on debt to invest. A down market may be an opportunity to pick up shares at attractive prices and having sound advice is essential when investing in these times!

🎉 As the year draws to a close, we reflect on the journey and growth we've shared with you. Thank you for entrusting us with your financial aspirations. Wishing you a happy New Year and cheers to a wealthier 365 days ahead! 🥂✨