Don’t you always keep money aside for your groceries? It could be the same for your RRSP. If you have a regular income, contributing to your RRSP by regular instalments is THE most effective, flexible way to build your portfolio.
Your investment starts bearing fruit from the first day, and your earnings accumulate more rapidly than if you only contributed once a year. Another advantage: your investment is no longer an unforeseen expense. It becomes part of your budget just like your rent or your grocery bills.
With a Desjardins RRSP, you can choose the payment frequency: weekly, every 2 weeks or monthly. To make it even easier to manage, have your contribution withdrawn right after your paycheque comes in.