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Here’s a secret: your finances are like your lingerie. How so?

In the next four posts, I’m going to give you four principles for understanding how your approach to lingerie and your approach to your finances are related.

I’ve also thrown in four secrets of financial planning designed to, well, uplift and support you in this area of life.

Principle 1: Just like your lingerie, your finances are intimate.

Our current environment is one in which almost anything is fair game for public display and comment. But even in an era of persistent, pervasive TMI (”too much information” - when everyone knows Britney Spears’…um, Read the rest of this entry »

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The Vanier Institute of the Family, a national, non-partisan research and advocacy organization dedicated to promoting the well-being of Canadian families, has published a research report on the financial health of Canada’s families each year for the past ten years.

Readers of The Wealthy Baker may be unlikely to see their families reflected in the 2008 report’s findings, which are drawn from up-to-date census and other data, and reflect national averages, not any one individual family. Nonetheless, I thought it might be interesting to provide a “snapshot” of family financial health across Canada. Where does your family fit?

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A version of this article was originally published in the February 2009 edition of Canadian MoneySaver magazine.

Families face many demands on their financial resources: planning for the future, families often encounter concerns about how they will pay down mortgages, establish retirement savings and save for their children’s future educational requirements.

Today we’ll focus on saving for education - helping you sort out what are the best strategies for your family!

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