3 rules to effectively manage your finances
Money is often a delicate subject. Whatever your income, if you don’t know how to manage your money, you’ll likely run into problems. Here are three basic rules to abide by:
1. Make sure you earn more than you spend
2. Save as much as possible
3. Create a realistic budget and respect rules 1 and 2
Our advice to help you take control of your finances
Article: How to make a personal budget
Making a budget allows you to better understand your spending habits and to adjust, if necessary. Beyond structuring your finances, a budget will help you be prepared for the unexpected and save for projects that are important to you.
Tips to reduce your taxes
Do you know the four Registered Retirement Savings Plan (RRSP) strategies to pay less tax? Discover how to make the most of your RRSP.
Looking to save for a short or medium-term project? Learn about the Tax-Free Savings Account (TFSA). It allows you to grow your savings tax-free, whatever your annual income.
Little details that matter
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Those events, articles and videos are provided by National Bank, its subsidiaries and group entities for information purposes only, and creates no legal or contractual obligation for National Bank, its subsidiaries and group entities. The details of this service offering and the conditions herein are subject to change.
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For financial or business advice, please consult your National Bank advisor, financial planner or an industry professional (e.g., accountant, tax specialist or lawyer).
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