{"id":1117,"date":"2026-01-20T21:30:26","date_gmt":"2026-01-20T21:30:04","guid":{"rendered":"http:\/\/hykaz.net\/news\/consumer-information\/financial-education\/financial-professionals\/financial-basics\/"},"modified":"2026-03-16T19:39:21","modified_gmt":"2026-03-16T19:39:21","slug":"financial-basics","status":"publish","type":"page","link":"https:\/\/hykaz.net\/fr\/media-centre\/educational-resources\/financial-education\/financial-basics\/","title":{"rendered":"Financial Basics"},"content":{"rendered":"

Why is it that people spend more time buying a new car or planning a vacation than planning for their financial future? Most people know they should play a more active role in managing their finances, but they often don\u2019t know where to start. Understanding the basics is a good place to begin.<\/p>\n\n\n\n

For a more comprehensive overview of consumer information check out\u00a0\u00a0MoneySmartManitoba.ca<\/a>.<\/p>\n\n\n\n

Three tenets of wise money management<\/strong><\/p>\n\n\n\n

    \n
  1. Know who you are \u2013 Everyone has a different idea of what money means to them. It might be personal freedom or a sense of security, or the ability to afford the things they want in life. Whatever it is, it\u2019s important to remember that no one cares more about your money than you. No matter who\u2019s handling your investments, only you will know if you are truly comfortable with the investment choices. It\u2019s up to you to stay on top of your investments and make sure they keep working for you.<\/li>\n\n\n\n
  2. Know your goals -Once you know your personal money values, take a look at the bigger picture. How do you see yourself down the road? Using the S.M.A.R.T. formula, you can set financial goals that are:<\/li>\n<\/ol>\n\n\n\n
      \n
    • S<\/strong>pecific<\/li>\n\n\n\n
    • M<\/strong>easurable<\/li>\n\n\n\n
    • A<\/strong>ttainable<\/li>\n\n\n\n
    • R<\/strong>ealistic and with a defined<\/li>\n\n\n\n
    • T<\/strong>imeline<\/li>\n<\/ul>\n\n\n\n

      3. Know your risk tolerance -Every investment has some
      amount of risk. Knowing your ability to take on risk is
      crucial to understanding what types of investments will
      work for you. Your tolerance for risk may depend on:<\/p>\n\n\n\n

        \n
      • if you would rather keep your money safe or seek higher growth<\/li>\n\n\n\n
      • when you need your money<\/li>\n\n\n\n
      • how you react to the ups and downs of the markets<\/li>\n\n\n\n
      • if you have any debts<\/li>\n\n\n\n
      • if you have other sources of income to fall back on<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"

        Why is it that people spend more time buying a new car or planning a vacation than planning for their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1111,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-child-switcher.php","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1117","page","type-page","status-publish","hentry"],"acf":[],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"trp-custom-language-flag":false},"uagb_author_info":{"display_name":"Manitoba Financial Services Agency","author_link":"https:\/\/hykaz.net\/fr\/author\/manitoba-financial-services-agency\/"},"uagb_comment_info":0,"uagb_excerpt":"Why is it that people spend more time buying a new car or planning a vacation than planning for their […]","_links":{"self":[{"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/pages\/1117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/comments?post=1117"}],"version-history":[{"count":4,"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/pages\/1117\/revisions"}],"predecessor-version":[{"id":4907,"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/pages\/1117\/revisions\/4907"}],"up":[{"embeddable":true,"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/pages\/1111"}],"wp:attachment":[{"href":"https:\/\/hykaz.net\/fr\/wp-json\/wp\/v2\/media?parent=1117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}