Description: Have you ever heard of the minimalist approach? More than that, have you heard about how it might maximize your financial future? If your basement and closets are full of stuff you don’t use, you’re probably not a minimalist. Organize your finances by setting up a budget and making your shopping trips more intentional. As far as your possessions go, columnist Lesley-Anne Scrogie says get rid of things you haven’t used in the last year.
Date: January 20, 2020
1) Do you think you could adopt the minimalist approach?
2) The article notes that accountants can fill an important role as trusted financial advisors. Do you think you would be interested in this aspect of an accounting career?
3) On page 445 of Wiley’s Managerial Accounting: Tools for Business Decision-Making, you can see an important inset box titled “Avoiding Personal Financial Disaster.” How do your own expenditure percentages fit with the Canadian averages presented in the text box?