We all know money is hard to make, so we want to make the most of it.
There are many simple ways to do so, here are some:
- Keep your money in a high interest savings account. Times are tough, but you can still find a decent interest rate if you shop around.
- Have your employer automatically deduct a portion of your pay into a high interest redeemable savings bond (or GIC) or a separate savings account for emergencies.
- Once you have over $10,000 you should consider setting aside $5000 to buy shares in a few well performing or well priced companies. Tips: High dividends is nice.
- Buy things with value that will increase overtime. If you have enough money to buy and maintain an antique vehicle this could pay off well.
- Follow Wain Roy's advice and open a money market savings account.
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