Skip to main content

Saving and Budgeting

 

Many people live paycheque to paycheque and find it difficult to save and get ahead. This is a common problem and there is a solution – pay yourself first. 

Don’t wait to save leftover money because there won’t be any. Choose an amount and set up an automatic contribution to a savings account such as a TFSA on your payday. It might be difficult at first and you may have to give up some discretionary spending, but you’ll get used to it. Once in a while, give yourself a raise and increase the amount you contribute. 

Budgeting is hard, so don’t give up too easily. You may be sacrificing a coffee every day or taking your lunch to work more often, but you’ll be surprised how quickly your savings will add up. 

 

Connect with us

Book an appointment or call us at 1-800-616-8878

Investment Manager Shaking Hands with Member