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To Save, or Not to Save: That is the Question

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Life comes with a whole string of short-term and long-term expenses. Being ready for those costly times (whether it be a wedding, education costs, or buying your first home) is important.

“To save, or not to save: that is the question”

 It’s nice to buy cool stuff, but putting away money for tomorrow is awesome too!

There are two neat ways that Canadians can save their money effectively. The first way is the Registered Retirement Savings Plan (RRSP) and the second way is the Tax-Free Savings Account (TFSA). The following article clearly unpacks both of these ways to invest and gives reasons as to why you should consider either of them:

 

Making dollars and sense of TFSAs and RRSPs

 

The Value of Advice page on the RMFP website displays a number of informative articles on a variety of relatable topics.