your-money

Don Draper and his fellow ad men live a mythical kind of life – lush Manhattan apartments, deluxe trips to LA, and cocktails all day long. It’s miles away from the kind of work life most of us have today and that makes a great way to escape to another time every Sunday night. But there are also some important life lessons we can learn from the folks at Sterling Cooper Draper Pryce, especially when it comes to money. No we can’t turn back time and live it up like Don etc., but we can take away these five lessons about how we handle our own finances:

If you’re saving for the long-term, your savings account is not your friend - in fact, it will make you poorer over time. It’s not just the bank fees - it’s inflation, the unavoidable rise in the cost of goods and services over time.

Do you feel guilty leaving the office at five? Do your coworkers give you the cut-eye if power down your computer and take off before 8 p.m.? If so, then send them a link to this video where the super successful COO of Facebook and ex-Google exec, Sheryl Sandberg, talks about how she leaves the office every day at 5:30 so she can sit down with her kids for dinner at six.

Did you earn six figures when you were in your 20s? Did you own a home? If your answer to both questions is no, then you might want to that to tell your kids.

With Father’s Day just around the corner, families across Canada are getting ready to celebrate their dads. But the results of a new survey by ForbesWoman and TheBump.com shows that some of us might be gritting our teeth while we carry that breakfast tray to our partners on Sunday morning.