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Saving while at the same time managing to get all of your bills paid can be difficult
i think it is important to make sure bills are paid on time because if you
don't there's no point in saving the interest charges on those bills add up
very quickly become very expensive but
once you've managed to be able to get
payments on time
than any access money you should look towards a budget and not just a budget
for all your expenses for your household
but includes savings as part of that budget
how much you can save it will really be determined
on how much excess cash flow you would have at the end of the month
i think it's a great idea to have savings automatically deducted either
from a paycheck automatically come out of a chequing account and maybe go
into a special savings account lots of options depending on what you're saving
for RSPs for retirement
tax-free savings accounts for emergencies
RESPs these for kids education
be sure to sit down with a financial advisor and talk about your own specific
situation and determine the best way that you can manage to save.