2020 October Update

Happy October!

We hope you’re adjusting well to the season and all the ambiguity that comes with it. We know that you have a great deal on your plate and may not have had much time to read about personal finance. Not to worry! Sandi has done all the reading for you.

This month’s Top Reads article features a useful summary of what you can and cannot claim for your home office on your 2020 income taxes – something we know is a concern for a large number of our readers. If you’ve got children in post-secondary school and are starting to doubt whether their major really will get them anywhere, there’s a piece from our friends at Bitches Get Riches on the real value of a college major. Also, if you’d much rather watch a video than read, the folks at Rich & Regular had a great conversation with one of their mothers about the role money played in her life as an immigrant. As always, there’s much more beyond her top three picks (as Sandi can’t really keep it to just three), and you can find all the pieces that got her amped up in the last month right here.

Sandi also took the time to read Financial Intimacy: How to Create a Healthy Relationship with Your Money and Your Mate by Jacquette Timmons. Written while the 2008 financial crisis was unfolding, the lessons within feel particularly relevant in 2020. If you don’t have the time to dedicate to a whole book, Sandi points out the key chapter, paragraph, and sentence that you really don’t want to miss.

If you’re a regular reader, you know that throughout this year, we’ve been sharing stories of the amazing people we’ve had the pleasure of helping figure out what their life well spent really looks like, and how to get there. In the past, we’ve written about single ladies with portfolio concerns, families with renovations, debt, and disabled children – and many more. This month, we’re bringing you Moira, who was pretty tired of her job, ready for retirement, but unsure if she could afford it. Find out what we did to help her feel secure about transitioning to a life of leisure here.

Once you’re done with all that reading, we invite you to stay tuned on our website and social media feeds for the release of Darryl’s Q&A recording from October 19 when he answered questions about investing and provide some useful education as well.

Are there personal finance questions you’d like to have addressed in our next online clinic? Email us at [email protected] to share your ideas.

Spring in the News:

We’re excited to announce that Julia won the Wealth Professional Female Trailblazer of the Year Silver Award! We’re proud to be recognized as pioneers in the financial planning profession.

Keep your eye peeled for the recording of Julia’s podcast interview with Robyn Crane: Helping You Grow Your Financial Business, The Woman’s Way.

Practice Notes:

Our offices will be closed on Wednesday, November 11 for Remembrance Day.

“Free” Fridays remain booked permanently in our calendars (even though Sandi’s are on Wednesdays!). These days are free to us at Spring in the sense that they are our opportunity to work on becoming better planners, whether through collaboration and discussion, education, research, or even a little downtime. It’s been a regular practice since the summer of 2017, and we will continue to set aside the time to become better versions of ourselves every week. Even 1% better is solidly worth it because we know that will be reflected in the work we do for you.

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