At the time when we receive our T4s, we should have a pretty good idea of how much we made, but do we have any idea how much we saved? And then a bigger question is: Why bother?
When I was 21, I was told to start saving for my retirement. I thought, 'I'm too young to be concerned with funding my retirement I should enjoy some of the money I'm earning and live life a little.'
More than 20 years later, I'm wishing I could turn back the clock and put just a little of that "fun money" away. Why am I bringing this up and what does it have to do with you?
I've learned a couple things through my experience in the financial services industry and I wish I had figured it out earlier. I also realized that I am not the only one who thinks this and it seems like there are a lot of people who could benefit from learning the basics.
How to make money with the money you have and why it is important to start saving sooner rather than later are the first two things I can offer some information on - and it's free!!
If you would like to learn the basic differences between RRSPs and TFSAs, budgeting and how to make wise financial decisions, join me for an hour on Wednesday, April 4, from 6 to 7 p.m. at the First Credit Union in the cove. Even if you think it might be too soon or too late to start saving.
ABIGAIL FISK
FCU
