Make an important purchase
Are you planning a trip, a new car, a return to school? No matter what project excites you, how you choose to fund it matters. Here are some great ideas to make your plans come true.
The Pre-Authorized Contributions (PAC) is an excellent way to save effortlessly, to carry out your projects or to gain financial independence. Here are the main advantages.
Why set a goal?
There are many reasons why you want to save. Good planning is accompanied by a clear and specific objective, including a timeline and the amount you want to save. This will allow you:
- To maintain control and achieve results;
- To persevere and sustain your motivation;
- To be realistic and focus on what is achievable.
Have you been making occasional or regular contributions to your Registered Retirement Savings Plan (RRSP) and your Tax-Free Savings Account (TFSA) for some time now? CHEER! It pays to be consistent! But did you know that these investment vehicles are not only used to provide you with a golden retirement income? Here are five projects that can benefit from these investment accounts.