Back to learn
Become a money-saving guru
Rounding it up
The first step to becoming a stellar saver is acknowledging it’s ok to feel behind.
Second, you need to start setting aside money regularly. Saving money is something you need to incorporate into your daily life like brushing your teeth.
Prioritize setting up a slush fund, then start contributing to medium and long-term saving goals.
Don’t forget, there are some great tools out there to help you achieve your savings goals, like automatic payments and Tax Free Savings Accounts (TSFAs).
Silvi Woods
Silvi Woods is a financial planner at Wealthsimple and holds her CFA and CFP designations. Prior to Wealthsimple, she worked as an Investment Analyst for one of Canada’s largest equity mutual funds and as a Financial Planner at KOHO.
Related articles
Do credit scores matter for retirement?
7 mins
Gaby PilsonWorried that your credit score will complicate your retirement? Here’s what you need to know about credit in retirement.
Do credit scores matter for retirement?
7 mins
Gaby Pilson
Worried that your credit score will complicate your retirement? Here’s what you need to know about credit in retirement.
#Credit score
#retirement
#savings
How much does inflation affect retirement?
3 mins
Ally StreelmanDon’t let inflation cramp your future. Learn how it affects your retirement and what you can do.
How much does inflation affect retirement?
3 mins
Ally Streelman
Don’t let inflation cramp your future. Learn how it affects your retirement and what you can do.
#retirement
#savings
#inflation
What is the best interest rate on savings accounts?
7 mins
Yekaterina GalanovaNot all savings accounts are created equal. Learn here how to pick the one that has your best interest in mind.
What is the best interest rate on savings accounts?
7 mins
Yekaterina Galanova
Not all savings accounts are created equal. Learn here how to pick the one that has your best interest in mind.
#interest
#interest rate
#savings
#savings account
How much is a mortgage downpayment in Canada?
5 mins
Yekaterina GalanovaThe down payment is the amount of money you put down towards a mortgage loan when buying a house. The standard down payment for a mortgage in Canada is 20% but can be as low as 5% or as high as 35%.
How much is a mortgage downpayment in Canada?
5 mins
Yekaterina Galanova
The down payment is the amount of money you put down towards a mortgage loan when buying a house. The standard down payment for a mortgage in Canada is 20% but can be as low as 5% or as high as 35%.
#mortgage
#savings
#budgeting
Can newcomer Canadians qualify for retirement plans?
8 mins
Ally StreelmanNew to Canada and eager to get your financial ducks in a row? Learn how you can start retirement planning today.
Can newcomer Canadians qualify for retirement plans?
8 mins
Ally Streelman
New to Canada and eager to get your financial ducks in a row? Learn how you can start retirement planning today.
#retirement
#newcomer
#RRSP
#TFSA
How are retirement accounts taxed in Canada?
7 mins
Ally StreelmanLearn how — and how much — different retirement accounts are taxed. That way, you can find your best option for retirement savings.
How are retirement accounts taxed in Canada?
7 mins
Ally Streelman
Learn how — and how much — different retirement accounts are taxed. That way, you can find your best option for retirement savings.
#retirement
#tax
#RRSP
#TFSA