Pop culture financial advice: Riverdale

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Money—or a lack thereof—is a big theme in pop culture. From the logistics of how Carrie Bradshaw could afford her New York apartment—not to mention all those shoes—on Sex and the City to the financially driven decisions made by the White family on Breaking Bad, money plays a role in some of pop cultures most beloved story lines.

In honour of the release of season two of Riverdale, we have some financial advice for some of our favourite characters to consider in our second installment of Pop Culture Financial Advice. And if you’re curious, read the first article in the series here.

The Blossoms

Without getting into too many spoilers, the Blossom family had its fair share of troubles in season one. Our main advice? Don’t put all your eggs in one basket. (Or should that be, don’t put all your maple syrup in one barrel?). When it comes to your money, it’s important to diversify—chances are, a variety of investment options will make the most sense for your investment portfolio. Long-term options like RRSPs are great for saving for retirement, but if you need to access your funds, a less locked-in option like a TFSA might be best. Your financial expert can help you find the right mix for you.

The Lodges

Making a lifestyle change can be tough—especially when it means scaling back and watching your pennies a little closer. But moving from the bright lights of a big city to the relative peace and quiet (yeah, right) of a smaller town can also come with its benefits. The best way to keep an eye on your cash flow? Create a monthly budget. Make a list of your expenses and see how they match up with your income. Be honest with yourself, too—if designer threads are a monthly must-have, then make sure you factor that into your spending plan.  

The Andrews

Owning your own business can come with its share of challenges and triumphs. Whether you need to find some capital to make a large purchase—like, say a drive-in theatre sized piece of land—or you need to hire a few extra helping hands, staying on top of your finances is key. One thing to remember is that you never have to do it alone. Find a trusted partner to help manage your finances when you get in a little over your head.