Best financial tips

November is Financial Literacy Month, which makes it a pretty important month because of financial literacy is extremely important to everyone’s life.

Thanks to Glenn Cooke at LifeInsuranceCanada.com, a bunch of Canadian bloggers are lighting up the blogosphere with the Blog for Financial Literacy campaign by sharing “My best financial tip” and publishing it today. The intention is to provide financial information to Canadians in a simple and easy-to-understand fashion, thus contributing to financial literacy.

Before I get into my tip, I have also made a list of other “Best Tips” from other bloggers. In case I missed anyone, please send me the link and I would be happy to add you to the list.

My best financial tip

My best financial tip is that the best tip is the implemented tip. Below you will find lots of great ideas from saving, to budgeting to organizing to making more money. The fact remains, there is no shortage of great ideas but an idea that is not implemented is a wasted idea. In fact, I think of it as a wasted opportunity.

There’s an old saying that goes something like this:

If you always do what you have always done,

You will always get what you always got

If you want to improve your financial literacy, one would think more knowledge is the key. In my opinion, knowledge is the start but action delivers the results.

Read through the following tips from different personal finance bloggers and start with the tip that resonates most with you. Then figure out how to implement the strategy. That’s the best tip I can give to anyone!

Good luck!

Other best financial tips

• MapleMoney – Pay off debt
• Blunt Bean Counter – Reconcile the bank
• My Own Advisor – pay yourself first
• Canadian Couch Potato – keep your investment strategy simple
• Michael James on Money – Don’t look for a financial advisor who can steer your savings around stock market drops
• Life Insurance Canada – make sure you have enough insurance
• Boomer and Echo – Make more money
• Canadian budget binder –Budgeting
• Money Smarts Blog – Take a long term view
• Grocery Alerts – Set up a bi-annual checkup
• Finance Fox – budgeting
• Self-Help Happiness blog – Don’t spend more money than you have
• Blonde on a Budget – Get out of debt
• Dividend Ninja – Start investing now!
• Pat McKeough (TSI Network) – Take a sound fundamental approach to investing in stocks
• Mortgage Resource – never pay credit card interest
• Timeless Finance – think critically
• The Loonie Bin – Maximize your TFSA
• The Dividend Pig – avoid mutual funds
• MapleMoney – Pay off debt