Let’s be honest; most of us don’t start saving for something until we really want it – by then most of us wish we started saving a heck of a lot earlier. When we’re younger we save for smaller, more attainable things, like CDs, concert tickets and new clothes. As we mature, we start looking at the bigger picture. There are many reasons why you might want to start saving some money.
TFSA versus RRSP. Even without the long acronyms these two money saving products have a lot on common. Both investment vehicles offer tax incentives for savers and encourage you to plan for the future. Here’s how these 2 options measure up against each other.
So you finally went and landed that new job or promotion you’ve been after. Give yourself a pat on the back. But have you thought about what you’ll do with the extra money you’ll be earning? It’s human nature to quickly grow accustomed to what we’ve got, so if you don’t make a plan for your sudden windfall, you’ll find yourself frittering it away on inconsequential items. Here are a few better options for making use of your bonus bucks.