Pay yourself first

We all know the theory. Now here's how to do it and save it! There are various techniques that may work for you. Try one or several.


  • Opening a saving account and set up an automatic transfer on pay days.
  • Have a portion of your payroll deposit sent to a separate account, or even to a different bank
  • Cancel debit card access to your savings account
  • Use payroll deductions for Canada Savings Bonds/RRSP
  • Make it a habit. If you need to use it, fine, but keep saving & don't get discouraged
  • Above all, set goals. Saving is hard work so find that one thing that really motivates you and use it to propel you when the saving get tough!