Financial Literacy Month & Financial Planning Week-BMO's Tip

Financial Literacy Month & Financial Planning Week-BMO's Tip of the
Day: Budget Accordingly When "Expecting" a New Addition to the Family 
TORONTO, ONTARIO -- (Marketwire) -- 11/19/12 -- To mark Financial
Literacy Month and Financial Planning Week (November 19th - 25th),
BMO Financial Group is releasing a series of financial tips. As part
of BMO's commitment to 'Making Money Make Sense', the tips are
designed to help individuals and families save and manage their
day-to-day finances more effectively. 
BMO's Tip of the Day: Parents-to-be should consider their financial
situation before the Big Day.  
If you have a baby on the way, your mind may be more focused on
spending rather than saving. BMO encourages parents-to-be to sit down
with a financial professional to prepare themselves for their child's
arrival. This could start by adjusting budgets and lifestyle.   
"Well ahead of your due date, set your budget to the lower amount of
income you expect to have while you're away from your job. This
provides you a trial run of how far your money will go," said Marlena
Pospiech, Senior Manager of Enterprise Wealth Planning, BMO Financial
Group. "This will give you time to make adjustments if necessary. You
can also save the difference until your parental leave begins, which
can really increase your cash flow while you're away from work."  
"CFEE commends BMO's ongoing efforts to support Financial Literacy in
Canada and promote ways in which Canadians can increase their
competence and confidence when managing their personal finances on a
day-to-day basis," said Gary Rabbior, President, Canadian Foundation
for Economic Education (CFEE). 
To learn more about how financial planning can help you feel
confident about your future or to contact a financial planner visit
www.bmo.com/becomingaparent or call 1-888-389-8030. 
BMO Financial Literacy Month Tips 
November 1: Maximizing TFSA investments annually over 20 years can
save nearly $30,000 in taxes. 
November 2: Utilize rewards to squeeze the most value out of every
dollar you spend this holiday season. 
November 3: Choose an investment advisor who is right for you and
will help you meet your financial goals. 
November 4: Use your RRSP to help make the down payment on your first
home.  
November 5: Space out payments to avoid cash-flow problems.  
November 6: Take advantage of the benefits of preferred shares. 
November 7: Consider investing in a Registered Retirement Savings
Plan (RRSP) and taking advantage of tax incentives when saving for
retirement. 
November 8: Take advantage of Canada's numerous online personal
finance resources. 
November 9: Before you head off on your winter vacation, be sure you
and your family are properly covered in the event of a medical
emergency. 
November 10: Understand what you can hold in your RRSP.  
November 11: Stick to the one-third rule when planning the purchase
of a home. 
November 12: Secure your retirement by opening a Registered
Retirement Savings Plan (RRSP) as early as possible and contribute to
it on a regular basis.  
November 13: As couples prepare for their wedding day, they should
have "The Financial Talk" to help the transition from "my money" to
"our money." 
November 14: Using a combination of a credit card, debit card and
cash will give you convenience, security and flexibility when you
travel or shop in the United States. 
November 15: Give the gift of securities and benefit from tax
savings. 
November 16: To stay on track to reach your financial goals, keep a
well-diversified investment portfolio. 
November 17: Take advantage of spousal RRSPs.  
November 18: Take advantage of credit cards that offer affordable
emergency medical travel insurance. 
For more on financial literacy, Canadians can visit the Government of
Canada's Financial Literacy Month website, as well as BMO's Financial
Literacy online resource.  
About BMO Financial Group  
Established in 1817 as Bank of Montreal, BMO Financial Group is a
highly diversified North American financial services organization.
With total assets of $542 billion as at July 31, 2012, and more than
46,000 employees, BMO Financial Group provides a broad range of
retail banking, wealth management and investment banking products and
solutions.
Contacts:
Media Contacts:
Rachael McKay, Toronto
(416) 867-3996
rachael.mckay@bmo.com 
Valerie Doucet, Montreal
(514) 877-8224
valerie.doucet@bmo.com 
Laurie Grant, Vancouver
(604) 665-7596
laurie.grant@bmo.com 
Internet: www.bmo.com
Twitter: @BMOmedia