Even in times of uncertainty, there are ways for you to look ahead and save for future goals. Here are four tips to jump-start your savings and help you get the most from your money.
Set up a savings goal
Saving can be hard — but saving with a purpose is easier. By creating a strong vision for the future, it’ll be easier to see the path that gets you there. It also helps to keep your savings in a goal-oriented savings account, which allows you to separate your savings goals and reminds you of the exciting things ahead.
Re-focus your budget
There’s a way to live paycheque to paycheque in a financially healthy way. Add savings as a top-line item in your budget, ahead of almost everything else with the exception of housing, utilities, bills, and food. Commit every dollar to include saving for your rainy-day fund and your short and long-term goals. To help you get started, take a look at our calculators.
Automate your savings
Setting an automatic transfer works because you are committing yourself to saving by transferring money before you even have a chance to spend it. Once you’ve allocated your savings and paid your bills, you can live your life and spend knowing you have also put money aside.
Receive trusted advice
Everyone’s situation is different. That’s why our specialists want to help you to find a solution that works for you. Call us at 1.800.728.6440 to get started, or click on the button below to start your journey.