Sometimes it’s good to be reminded of what they are.
Do you know where your money is going?
To get an idea, figure out how much you’ve earned — from your salary and other income sources — since you started working. If, for example, you’ve been earning $40,000 a year for the last 10 years, your total earnings could easily come to half a million dollars! How much of it is left? Shocking, isn’t it?
First and foremost, save for your peace of mind
Saving helps your peace of mind because it gives you the ability to deal with unexpected expenses without upsetting your financial balance.
- Take a close look at your daily expenses and see where you might have some flexibility to save.
- Deduct from your net income a set amount to deposit each week or month in your emergency fund or in an investment where it can grow.
- Voir article: Constituez un fonds d’urgence
Save for future projects
You can do it. You just need to get started.
|You, too, can save||Change some of your spending habits and see your savings grow.|
|How to save||It’s easy, you’ll see.|
|When it comes to saving, time is money||The earlier you start, the bigger your nest egg.|
|A joint account, for better or for worse||Is a joint account always a good idea?|