Successful financial planning

Lacey Hamilton hopes to attend the 2018 Winter Olympics in Pyeongchang, South Korea to cheer on the Canadian athletes. To save for the trip, the 22-year-old Mississauga resident drops spare change and $5 bills into a 0.9-litre mason jar that she empties into a savings account when it becomes full.

“I live on a cash diet as much as possible,” she says. “I find that’s the best way for me to not spend my money. If I break a $20 and I see a $5, I keep it. When I get home, I put the fives and the change in my jar.”  Read More…


  1. Hey, there’s always new tax heaven tricks one can do like incorporating a small business to help jump start financial success.

  2. I always recommend people just save a little into their RRSP. Since it is intentionally made hard to take out it is the sure way to make your money grow.

  3. I live a bit miserly but sadly i don’t have much i can say in earnings 🙁

  4. Saving in a jar like the lady does isn’t a good idea. I tried and it didnt work for me. It was best if it was in a place that was made more difficult to get at.

    I find pre-auth automatic withdraws to be far better.

  5. Not much i didn’t already know. The hardest part of all is just finding the desire to save. I applaud people for finding the motivation to do so.

  6. Well Eric let’s just hope Trump doesn’t collapse it like other republicans in the past have because it will have a chain reaction up here in TSX.

  7. Easier said than done. But thanks for the share.

  8. That’s why the stock market exists. One has to take risks to make success.

  9. And yet most Canadians are drowing in debt because of easy credit. What is their motivation to grow it if they are more interested in spending it?

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