Submitted by: Glen Izzard, CIM; Investment Advisor, Portfolio Manager
As Thanksgiving approaches, many of us look forward to gathering with family and friends, sharing a meal, and reflecting on the blessings in our lives. Giving thanks is at the heart of the season, and it’s also a surprisingly powerful tool when it comes to financial planning.
Taking time to recognize what we already have can lead to better saving, smarter spending, and more thoughtful investing.
In our fast-paced, consumer-driven world, it’s easy to focus on what we don’t have — whether it’s the newest gadget, a bigger house, or more money saved for retirement.
However, studies show that practising acknowledgment of what’s already in place changes how we see our financial picture. When we appreciate the progress we’ve made, we shift from a mindset of scarcity to one of abundance.
This shift can help us:
- Avoid unnecessary spending driven by comparison or impulse.
- Feel more confident in our long-term financial plan.
- Stay motivated to stick with good money habits.
Recognizing what we already have slows us down and help us focus on the bigger picture: security, stability, and the freedom to enjoy life’s moments.
Smart Saving. Celebrating Progress
An attitude of thanks helps us see the milestones reached rather than just the distance left to go. Maybe you’ve managed to put away a few thousand dollars in an emergency fund, or perhaps you’re steadily contributing to your RRSP or TFSA.
Acknowledging these achievements builds momentum and encourages consistency.
Tip for readers
Instead of only focusing on your ultimate savings goal, take a moment to celebrate progress along the way. For example, if your goal is to save $20,000 for a down payment, mark the occasion when you reach $5,000 and again at $10,000.
Appreciation for each step forward fuels the motivation to keep going.
Thoughtful Spending: Aligning Dollars with Values
Thankfulness also helps us be intentional with our spending. When you recognize the value of the basics — your home, your health, your relationships — it’s easier to resist the pull of overspending on things that may not truly matter.
Tip for readers
Before making a big purchase, ask yourself: Will this add long-term value or joy to my life? If the answer is yes, spend with confidence. If not, redirect that money toward something more meaningful, such as a family experience or future savings.
This approach not only reduces financial stress but also ensures your money reflects what you truly care about.
When it comes to investing, appreciation teaches patience.
Markets rise and fall, and while it’s tempting to react to every swing, those who recognize the progress they’ve already made tend to stay calmer. They understand the value of having money invested in the first place and focus on growth over time rather than day-to-day fluctuations.
Tip for readers
Review your investment accounts not just for performance, but also for perspective. Even if markets are volatile, acknowledge the discipline it took to put money aside and keep it invested. That consistency is often the biggest driver of long-term success.
Thanksgiving reminds us to pause, reflect, and give thanks.
By applying that same practise to our financial lives, we can cultivate habits that bring stability, reduce stress, and create opportunities for the future. Recognizing progress doesn’t mean ignoring challenges — it means appreciating the steps already taken and building from there.
As you enjoy your Thanksgiving meal surrounded by loved ones, take a moment to reflect not only on the blessings in your life but also on the financial progress you’ve already made. Then, consider one small action you can take in the weeks ahead — whether it’s saving a little more, reviewing your spending, or checking in on your investments — to keep moving forward.
From my family to yours, I wish you a Happy Thanksgiving filled with appreciation, peace, and financial confidence.
About Glen Izzard
Based in Meaford, Ontario, Glen Izzard is a Chartered Investment Manager (CIM®) and Discretionary Portfolio Manager with over 15 years of experience helping clients navigate investing, cash flow, estate planning, and retirement transitions.
Known for his client-first approach, Glen focuses on building clarity, confidence, and long-term results. An active community supporter, he serves as Treasurer for the Meaford Chamber of Commerce and as Assistant Coach with Georgian Bay Lightning Hockey. Glen’s mission is simple: provide thoughtful guidance, practical strategies, and a steady hand so clients can stay on course — financially and in life.
Please contact: (226) 909-8688
