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Ten Tips for Saving

Written by: Liz Rodriguez, Financial Service Rep. II, Pembina Hwy. Branch

Saving money can be hard, especially around the holidays. That is why we created a top Ten Tips for Saving Money – just for you! If you follow these tips and you will notice a few extra dollars in your pocket!

So what are you waiting for? Check out these awesome tips:

  1. Create a monthly spending plan.

  2. Make a budget, and reward yourself for sticking to it.

  3. Record your expenses. How much are you spending and where?

  4. Plan for the spending you need, but spend wisely.

  5. Cut back on spending on “wants” over needs.

  6. Set savings goals, start an emergency fund.

  7. Control impulse purchasing and maximize your ability to make wise choices.

  8. Set up a separate savings account to keep money away from daily transaction

  9. Only allow deposits to your savings account when doing electronic (ABM) or internet banking – set it up so that you have to go to the teller to make a withdrawal

  10. Set up direct deposit to your savings account for a portion of each pay cheque – out of sight, out of mind

Did you know we have a budgeting tool? Learn more or download our “Adult Budgeting Spreadsheet” today.