Six ways to put your saving on autopilot and pay yourself first

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In his latest personal finance column for CTVNews.ca, Christopher Liew explains how automating your savings and paying yourself has never been easier, thanks to the digital banking tools and apps that are out there.

In his latest personal finance column for CTVNews.ca, Christopher Liew explains how automating your savings and paying yourself has never been easier, thanks to the digital banking tools and apps that are out there ever-increasing costs of livingOnce you put your savings on autopilot, you’ll begin to see the benefits of slow, steady, compounding contributions, without even having to think about it.

This may not seem like much, but over the course of 365 days, this extra $0.63 saved every day would total up to $229.95.If you’re a freelancer, self-employed, or own your own business, you may not have the option to divert a portion of your paycheque to a savings account and may rely on one account where you receive direct payments.

I did this one year and saved over $800 without even realizing it until I broke the bottle open at the end of the year.Investing in a Registered Retirement Savings Plan can be a good option to help you save money for retirement. Although RRSPs may not offer quite the same advantages as investing in aIf your employer is willing to match your RRSP contributions, this can be a great way to take advantage of free money contributed to your future, that you otherwise wouldn’t have.

Ontario Premier Doug Ford suggested immigrants are to blame for the shooting of an empty Jewish school in Toronto over the weekend, despite police saying they have little information on the suspects.A career counselling expert says she has seen an increase among older people, either approaching retirement or already retired, who are getting back into the workforce.

The president of Covered Bridge Chips in New Brunswick is hoping to have his factory rebuilt for late 2025 following a devastating fire last year.Students and staff at Winnipeg’s Westwood Collegiate had a unique problem to solve this month; how do you lead ducks to water from the school’s courtyard when 12 of them can’t fly yet?Ski jumper Abigail Strate getting a buzz out of working with bees

 

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