Why small savings goals work best
Turn your savings intention into a saving plan that really works
Does it make sense for a young person to have life insurance?
Think you're too young for life insurance? Buying early can help save on premiums.
Nickel and diming at every turn could turn your savings plan into a savings nightmare. Instead try these three, simple things.
[mp3j track=”https://www.moneysense.ca/wp-content/uploads/2015/11/moneysense-week-report-1-mike.eppel1_.mp3″ title=”Play: 3-step savings plan”]
To recap:
1. Open an account that reflects your time horizon (vacation = TFSA vs. retirement = RRSP)
2. Either decrease your spending in two or three key areas OR increase your earnings
3. Save the difference in the above account
Visit MoneySenseWeek.ca for more great money tips »
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