Welcome to Bewley & Coltman Financial Services
Our commitment is to provide superior financial, retirement and estate planning.
Our integrity provides clients the right choices to plan for their future.
Our expertise, service and loyalty facilitates life-long relationships.
Our Value Proposition
At Bewley & Coltman Financial we seek to understand the things in life that are most important to our clients, and then we translate those opportunities, concerns and goals into a financial plan that meets their needs.
We have an integrated approach in which we evaluate and coordinate needs and goals, manage assets and execute strategies to minimize risks. This includes addressing financial risks such as dying too soon or becoming disabled, as well as constructing portfolios which meet the needs and risk tolerance of our clients.
Bewley & Coltman Financial Services
302-830 Shamrock Street
Toll Free: 1-866-507-8352
5 Cheap End of Summer Activities to Enjoy
We know that all great summers come to an end, but the summer isn’t over just because kids are going back to school. It’s time to make the most of what’s left of summer and the good news is you can enjoy the outdoors without spending your hard-earned savings.
Here are five cheap end of summer activities:
Camping in the Backyard
If you already own the gear, backyard camping can be a cheap summer activity. You can save money and travelling time by setting up a tent in the backyard. Camping at home can be a great way to get outside, spend time away from technology and destress. You can even try building a campfire and cooking your own dinner on an open fire for a true camping experience.
Hike part of the world’s longest hiking trail
In Canada, we’re lucky to boast an abundance of beautiful natural landscapes, one of which is the Trans Canada Trail. With over 22,000 kilometers of trails, Canada’s Great Trail is the longest network of hiking trails in the world. It stretches from the coast to coast, passing many major city centers along the way.
Go to the Drive-In movie theatre
Travel back decades by visiting the drive-in movie theatre. Many drive-in movie theatres keep their vintage 1950s style, so you can take a trip through history while watching new releases. If you don’t have a drive-in theatre near you an alternative is to set up your TV in the backyard and create a family moment any kid would remember.
Have a sunset picnic
Picnics are a popular cheap summer activity in the movies, but when is the last time you had one? Pack a small snack or a portable dinner and go to your local park for a sunset picnic. Bring a board game and a lantern to continue the fun into the evening.
Plan a day trip
Day trips are a cheap summer activity because you save on the cost of hotel accommodations and multiple meals when dining out. Day Trips Canada features indoor and outdoor daytrips within driving distance of your location. It shows local activities and attractions such as museums, heritage sites, parks and city events.
The key to enjoying the nice weather is to spend as much time outdoors as you can without breaking the bank. If you’re looking for local activities, try these end-of-summer activities. The added bonus of indulging in cheap activities is you’re not spending a fortune to have fun. Always remember…a dime not spent is a dime that can be saved.
(Photo from IdPinThat)
Is a RESP on Your Back to School Shopping List?
If not, then maybe it should be. Saving for a child’s education is important because it encourages younger generations to pursue a college or university degree while relieving some of the financial burden associated with higher learning. Investing in a Registered Education Savings Plan (RESP) helps you achieve the financial goal faster.
Now that it’s time for back to school let me ask you a question, how would you spend $26,819? According to The National Post, that’s the amount of debt your child may owe in student loans after graduation.
In fact, debt has become such a source of stress for students that some universities have started to invest in programs to help students deal with the mental health issues that student debt can cause.
Back to school is the perfect time to start a budget
Now is the time to start thinking about money and wondering if your child will have enough for school essentials such as a laptop and textbooks - on top of tuition. A RESP can help plan – and pay for – expenses. Parents and grandparents can open a RESP and supercharge your savings by accessing free educational grant money from the Canadian government and tax-free investment growth.
Here’s how a RESP can help save for back to school:
Starting early comes with savings benefits
Whether you have one year, 10 years or 17 years to save you can always help your child get ahead by giving them a financial opportunity.
If you start saving for your child’s education from birth, you may be eligible to receive up to $8,500 by the time they turn 17 through the Canadian Canada Education Savings Grant (CESG). Additional government assistance is available to modest-income families through the Canada Learning Bond.
It’s also never too late to start saving
If you didn’t have the financial capacity to start saving at an early age, it’s OK because you can carry forward your grant room on contributions up to $5000 per year. It’s important to define your savings goal based on your income. If you can afford it, you will maximize the annual $500 CESG by investing $2,500 per year into a RESP.
If your child is working part-time, consider asking them to contribute their own RESP. This helps ensure you take full advantage of the government grants and teaches your children financial responsibility at the same time.
Money is such a big part of attending college or university and although financial aid may be available, you can ensure your child accepts their acceptance letter by saving for their future with a RESP.
If you want to help your child transition to adulthood without the added stress of debt, let’s talk about saving for back to school with a RESP.
(Photo from I'd Pin That)
At Manulife Securities, we believe there is no better way to serve the needs of Canadian investors than by providing access to independent, unbiased financial advice. Through a network of almost 1,300 advisors located in communities from coast to coast, we can offer an array of solutions and a comprehensive suite of financial products and services to help you invest for your future.
Manulife Securities has $34.4 billion in assets under administration (as of January 31, 2017) and is a wholly-owned subsidiary of Manulife Financial – a leading Canada-based financial services group with principal operations in Asia, Canada and the United States.
For more information on Manulife Securities, click here.