33 - Financial Habits to Develop and Avoid

Do you have bad financial habits? You are not alone. A recent survey found that two-thirds of Canadians confess that they have personal financial habits that they plan to work on. A financial habit is just the value standards and routine practices that people rely on to move through their day to day financial lives. It supports our ability to effectively manage money and respond quickly to financial decisions and challenges that occur.  

Licensed Insolvency Trustee, Rob Johnsom from Allan Marshall & Associates joins us today to talk about financial habits - the good and the bad. What are some of the basic financial habits that we all should have and what are the ones to be careful to avoid. Rob also discusses:

• The top 5 financial habits for effective money management
• Five financial habits to avoid
• The negative effect of bad financial habits 
• How to avoid the debt cycle and keep on top of your financial obligations
• Budget, budget, budget  

Licensed Insolvency Trustees are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. With their knowledge and expertise you can be assured they will give you the best unbiased advice about debt relief options.  

Rob Johnson joined Allan Marshall & Associates in April, 2010. Prior to joining the practice, he was a Vice President with Ernst & Young Inc.’s Corporate Restructuring Group. Rob holds a Bachelor of Business Administration, is a Chartered Accountant, and a Chartered Insolvency and Restructuring Professional.

Rob enjoys helping people restore balance and improve their quality of life by working together with the goal of solving their financial burdens.

• Allan Marshall & Associates - Licensed Insolvency Trustee
• Bad Money Habits and How to Break Them
• Keeping Track of Your Money