Hashtag: #HSBCAdviceColumns

HSBC: Budgeting To Keep Track Of Your Money

HSBC: Budgeting To Keep Track Of Your Money

[Advice column by HSBC Bermuda] I set a budget for myself every month, but I struggle to keep track of my spending. By the end of the month I don’t know where I spent all of my money. What can I do to better discipline myself? Managing your accounts The first step to tracking your cash is making sure you have access to your accounts. The easiest way... Read more of this article

HSBC: Saving Money To Become A Homeowner

HSBC: Saving Money To Become A Homeowner

[Advice column by HSBC Bermuda] I want to buy a home sooner rather than later. How should I go about saving for the down payment? Also, are there other expenses I need to consider? The key to building your savings is to start saving as much as you can as soon as possible. The more you save now, the more you will benefit when you’re ready to buy a... Read more of this article

HSBC: How To Utilize The Foreign Exchange

HSBC: How To Utilize The Foreign Exchange

[Advice column by HSBC Bermuda] My child is starting university soon and I’ll need to pay for his living expenses and tuition in Canadian dollars. How can I ensure that I get the best possible foreign exchange rate and what are some of the key risks I should consider? Start with the end in mind. Use today’s Bermuda dollar [BMD] to Canadian dollars... Read more of this article

HSBC: Investment Tips And Advice To Live By

HSBC: Investment Tips And Advice To Live By

[Advice column by HSBC Bermuda] I can’t afford to see a financial advisor so I have been making investing decisions on my own for about 6 years. Do you have any tips that can help me make better decisions? It is great that you have taken the initiative to develop an investment strategy on your own. However, not all financial advisors charge a fee.... Read more of this article

HSBC: Identifying & Solving Pension Gaps

HSBC: Identifying & Solving Pension Gaps

[Advice column by HSBC Bermuda] Will my pension be enough to support me when I retire? A pension is designed to provide financial support in retirement, however it is possible that you may have a pension gap. This means that your pension income could be less than what you’ll need in retirement to support your desired standard of living. If this... Read more of this article

HSBC: Tips On Saving & Investing Your Money

HSBC: Tips On Saving & Investing Your Money

[Advice column by HSBC Bermuda] I’ve always heard that I should invest my money instead of allowing it to sit in my savings account. However, I don’t really understand investing. What is difference between the two? When and how long should I invest for? Saving vs. Investing Your Money The challenge with savings accounts With interest rates at an... Read more of this article