Paying yourself first Nov 2nd

There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News

When to prioritize debt repayment over saving Nov 9th

In an earlier story, we introduced you to Lindsay Tithecott, a 29-year-old who is trying to pay down debt, build up savings and buy a larger condo. To help her get her finances in tip top shape, we gave her a series of financial challenges, including a rethink of her budget-busting fitness classes. .... More »
 retirement savings

Should retirees speculate? + MORE Nov 16th

All investors need to know the difference between investing and speculation—often summed up as what you do with “serious money” versus “fun money”—and that’s doubly true for those at or near retirement. While investing is about building wealth you can count on, speculating typically me.... More »

Paying yourself first


There is perhaps no single piece of financial advice more frequently repeated than “pay yourself first.” And with good reason. It’s tough to grow savings if you prioritize all your spending needs and wants ahead of putting money away. While some of us fully intend to stash whatever is left at the end of each month, too often that leaves nothing to save.
This tendency to spend everything we earn is something governments understand well.That’s why they make sure they get their share—income taxes—before you even set eyes on your paycheque. Saving with the “pay yourself first” method follows the same principle. And this step-by-step guide shows you how to do it.
Step 1: Zero in on your savings goals
It’s easier to commit to paying yourself first when you know the purpose of your savings. Are you building an emergency fund? Saving for a down payment on a house? Are you hoping to pay for a wedding? Or fund your retirement? 
Perhaps you are saving for all of these goals, or different ones…

Continue Reading On »


Compare insurance quotes through - save time and money!