How to Achieve Your Goals with a Financial Fitness Checkup

Date: January 19, 2024

A Financial Fitness Checkup is designed to help you see where you are currently and where you need to be to achieve your goals. It’s a visit with a Westoba Financial Consultant to review your financial health and make sure you are heading in the right direction.  

Your first step is to take the Financial Fitness Quiz online and get your results emailed or complete the quiz during your scheduled appointment in person with one of our qualified Financial Consultants. Our Financial Fitness Quiz helps you get an idea of where you stack up with managing your money, and it only takes three minutes to complete! 

Next, we recommend booking an appointment with us to go over your Financial Fitness Quiz results and get a second opinion at your Financial Fitness Checkup. This way you can ask any questions you may have, such as: 

  • Why is an RRSP account important and how can it help me? 
  • What options do I have with a TFSA account? 
  • Is there a better way for me to consolidate my debt? 
  • Do I need a POA? 

By speaking to one of our Financial Consultants, you get the opportunity to go over a financial fitness checklist. Your advisor will help figure out what elements you should consider helping maintain good financial health.  

Our team of experts can help you with the following: 

  • Setting up a financial plan 
  • Providing a second opinion on your financial plan 
  • Long-term savings plans 
  • Investment advice and management 
  • Estate planning and trust services 
  • Pension decisions 
  • Cash flow management 
  • Advice for building your net worth 
  • Make recommendations for improving your overall Financial Fitness 

"Try going through your bank accounts and tracking for 30 days. See where you are spending your money and where you can cut back.”

Why is it important to get a Financial Fitness Checkup? 

Tracy Houck, Westoba Financial Consultant, says, “Nowadays, it’s very important with the rising prices of gas, groceries and overall inflation, things cost a lot of money and it’s smart to start thinking of your future more than the day-to-day expenses. It’s better to begin the process at a younger age so that you can set yourself up for success.” 

Tracy Houck Financial Advisor

Tracy Houck

Westoba can offer you many different options to help get you on the right track. Options include regular savings accounts but also a Tax-Free Savings Account (TFSA). This account has a total contribution limit that is decided each year by the Government of Canada and has higher interest rates than the normal savings account. Book an appointment with our team if you’d like to know more about TFSAs.  

Learn more

Did you know you can start a Register Retirement Savings Plan at any age and can withdraw before retirement to help with the purchase of a house? Ask our Financial Consultant for more information.  

Westoba understands that saving and managing your money can be difficult as a young adult. It’s challenging enough to have money to pay for day-to-day expenses let alone enough money for savings. Instead of not dealing with uncertainty and the stress of your finances, take action by managing your budget and improving your financial literacy. With a Financial Fitness Checkup, sitting down to walk through your budget and spending habits is a great way to gain back control. Feeling uncertain stress about money is common, and ways to combat it can start with adjusting your approach with the help of an expert.  

Try going through your bank accounts and tracking for 30 days,” says Tracy,See where you are spending your money and where you can cut back.” Being prepared is important and starting sooner rather than later is preferred.  

What else can you expect from your Financial Fitness Checkup? “I learnt more about which accounts would be beneficial for me to open and how my overall financial health is,” says Sarah L. “It was time well spent. The financial advisor helped me to understand my financial goals and how I can reach them.” 

If you are new to budgeting it would be best to revisit your budget monthly and keep yourself accountable. It’s worth investing in getting good at budgeting and sticking to one. 

Financial Fitness Checkups are as important as your yearly doctor or dentist visit. We recommend getting one done annually, if not, bi-annually. Book your financial checkup with Westoba today, regular financial reviews are a healthy way to ensure you’re on track to meet your goals. 

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