Saving money is essential to your family’s financial stability, but what’s the best way to save? Where should you put your money and how much risk should you take to get the biggest return?
A simple savings calculator like the one below can help you answer these important questions. You can plug in numbers to see how much of a return you can get on different types of saving options.
Simple Savings Calculator
It can feel almost impossible to save money if you’re carrying too much debt. If saving ten percent of your monthly income isn’t realistic right now, speak to a financial coach or credit counsellor to explore options for eliminating or reducing your debt level.
