January 22nd, 2023, marked the start of the Lunar New Year – this year, the Year of the Rabbit. Setting goals and creating a plan to achieve them is an important part of the Lunar New Year resolution as people reflect on the challenges and successes of the past year and look ahead to the future. That’s why it’s also an excellent time to revisit your investment strategies and bolster your financial acumen.
If you want to make positive changes to your financial future in 2023 but are unsure where to begin, a TD Personal Banker can help. TD Personal Bankers can help improve your financial confidence and prepare you and your family for the future.
How do they do this? It all starts with a plan.
A TD Personal Banker will work with you to identify your goals and priorities. Whether it’s preparing for retirement, buying a house, or saving for your child’s education, a Personal Banker can offer personalized and confidential advice and create a plan to help achieve them.
With interest rate hikes, inflation, and the increased cost of living, today’s economic environment is challenging. Having a financial plan can help you prepare for both the expected and the unexpected.
For those new to Canada, some of these economic challenges can be even more overwhelming. That’s why TD offers a range of products, designed to help newcomers to Canada with their finances. These include:
- TD offers the TD International Student Banking Package.
- TD also offers a fully digital, no annual fee, TD International Student GIC Program, which allows prospective students to fulfill the GIC (Guaranteed Investment Certificate) requirement of the Federal Government’s expedited study permit processing program.
- Newcomers to Canada (within five years of arrival) can take advantage of the TD New to Canada Banking Package.
- TD Ready Advice Hub provides information and articles on a variety of financial topics, from how to keep track of day-to-day expenses to how to navigate the first-time homebuying process.
However, it’s not just adults who can benefit from financial advice and improved financial literacy. The Lunar New Year is also a great time to talk to your children about finances, as many of them will receive cash in envelopes (hongbao) from relatives during the holiday.
Parents can have an important influence on their child’s financial know-how, and teaching them how to have a long-lasting, responsible, and healthy relationship with money from an early age can be very valuable. From counting coins in a piggy bank to opening a first bank account, there are many ways to involve children in learning how to manage their finances. A TD Personal Banker can also support parents to prepare for the “money talk” with their children by sharing some best practices and resources.
To learn more about how a TD Personal Banker can help you with your financial goals and improve your financial literacy, visit: https://www.td.com/ca/en/personal-banking/personal-investing/.
