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Saving Money: Pay Yourself First

October 20, 2020 | Canada

One method to save money for the future is to pay yourself first. This means setting aside money from your income before spending it on anything else. A convenient way to do this is setting up an automatic transfer to your savings account each month.

How much should you save? Some experts say 10% of your net income, if possible. If that doesn’t work for you, set a realistic target for yourself and stick to it. Every dollar brings you closer to your savings goal.

Visit iiCanada’s Financial Well-Being page for a comprehensive list of resources, tools, courses, and tips to build a strong and secure financial future.

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