21 Day Challenge

Head on over to Borrowell or Credit Karma and obtain a free copy of your credit report. Take some time to review the information they have and check for any errors or discrepancies.

Track your income and expenses, and set a realistic budget that aligns with your financial goals. If you need a helpful tool, check out our budget guide here.

Make a list of all your debts, including amounts owed and interest rates charged.

Determine how much you want to save each month and automate regular contributions to a savings account. Our typical recommendation is 18% of your income directed towards your RRSPs for the tax credits!

Learn about different investment vehicles like stocks, bonds, mutual funds, and ETFS to determine where you should be invested.

Contact service providers to negotiate better rates or discounts on bills such as phone, internet, or insurance. You will be amazed by how often this is possible.

Explore books, podcasts, or websites that offer financial education and guidance. There are so many great free resources out there to step up your literacy in this area.

Review your insurance policies and ensure you have adequate coverage for your needs. This applies to death benefits, living benefits, health/dental, vehicle, and home policies.

Account for occasional or annual expenses by setting aside money each month. It's always a good idea to have an emergency fund that covers 3-6 months of living expenses.

Research different banks or credit unions to find the one offering the best interest rates and lowest fees.

Explore tax credits, deductions, or tax-efficient investment options to maximize your savings. Don't leave anything on the table when it comes to saving taxes.

Assess your retirement savings contributions and adjust them if needed to meet your long-term goals. Remember to make realistic goals when it comes to your retirement funds.

Sort and store important financial documents like tax returns, bank statements, and insurance policies. Ensure that someone is able to access this info if something were to happen to you.

Look for courses or workshops on personal finance to expand your financial knowledge. There are so many great options out there to improve your knowledge in this area.

Calculate your net worth by subtracting your liabilities from your assets, and monitor it regularly. If you need a helpful tool, check out our net worth tracker here.

Review your investment holdings and rebalance if necessary to maintain a diversified portfolio. 

Research side hustles or part-time job opportunities to increase your income. One of our favourites is contracting yourself out on Fiverr or seeking ways to monetize your hobbies.

Look for apps that can help you track expenses, save money, or invest efficiently. There are hundreds out there, so try a few out to see which best fits your preferences.

Assess your progress towards your financial goals and adjust them if needed. Remember, a financial plan is not static, but an ever changing organism that needs attention.

Starting looking ahead and creating some larger goals such as when you want to retire by, what income streams you have planned for retirement, how you'll stay on top of saving plans, and many more considerations. It's never too early to start, and just as money compounds so does knowledge on the matter.

Congrats you made it through all 21 days! But it doesn't stop here. Go back through the list every few months to see where you can improve upon further.