3-step savings plan - MoneySense

Why small savings goals work best

Turn your savings intention into a saving plan that really works


Nickel and diming at every turn could turn your savings plan into a savings nightmare. Instead try these three, simple things.

      Play: 3-step savings plan

To recap:

1. Open an account that reflects your time horizon (vacation = TFSA vs. retirement = RRSP)

2. Either decrease your spending in two or three key areas OR increase your earnings

3. Save the difference in the above account
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