Never stop learning
Dollars and Good Sense provides valuable tips and insight on how to better manage your money. We always want to see our clients grow in their knowledge of their own personal finances.
Please, don’t keep these to yourself. Share with friends, family, and co-workers. And don’t be afraid to contact us—we want to know what you think and what you want to read about next.
How Many Pay Cheques to Retirement?
How many pay cheques do you have left before you retire? To find out, multiply your number of working years left before you retire, by how often you receive your pay cheque; for example 27 years x 12 months = 324 pay cheques. My personal number was my wake-up call and may be for you too.
Why Preference Shares May Be Perfect For You?
Imagine having an investment that provides you with a consistent income stream and beats inflation. Would you be willing to take a little more risk, than that typical of savings accounts, to reap these rewards? If you answered “yes,” preference shares may be your “preference” for investments.
How Much Debt is Okay?
Will you need a loan for your car, home or another major financial goal whether now or in the future? Would you prefer to pay a smaller amount on your current loans so that you can save more money? Your debt service ratio (DSR) is crucial to both scenarios. So today we will explore your DSR and steps you can take to ensure it does not go beyond 45%; as most traditional financial institutions in Jamaica prefer to lend to individuals who have a DSR below 45%.
How Much is Your Time Worth?
How many days of your labour do you spend paying bills vs. the amount that you invest towards your dreams? Today, we are going to do that calculation so that each time you spend, you will be more aware of how much that new item truly costs you and how much work you have done to make this new purchase a reality. You work hard for the money, so treat yourself right in 2018.