I'll be honest, I am not the most financially minded person out there. I've made some of the weirdest mistakes when it come to money saving and I am just learning how to get over that.
So this is my blog. Where is the ceiling? What is the limit ? I want to be financially secure, save as much money as possible, invest in myself, get rid of the boundaries.
I'll be talking about money, but maybe about my lifestyle too? Bear with me, I am still learning.
I am located in Canada, and maybe the advice that I am giving you will not necessary apply to you. Maybe stick to the basics, and let's move on from there?
First thing I did was create myself a Tangerine (Formally known as ING Direct) account. I am the worst at actually putting a certain amount myself every pay check, but I started to follow the 52 week money challenge. What is it? Pretty simply, you save $1 the first week of the year, $2 the second week, $3 the third week...until the 52nd week.
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Great idea right? Well yeah, but I what kind of money wiring can I do every month to a bank account? Wire $1 on January 1st? No.
So I decided to do something else. At the end of the challenge you are supposed to get $1,378. If you averaged that in 52 weeks, it would be approximatively $26.5 a week or $53 a month. Since I get paid biweekly, I set up the a biweekly transfer after my paycheque is deposited in my account, to my ING savings direct bank account.
I highly recommend you to do the same thing if you're like me and you cannot keep up with a weekly deposit. Or you could be organized and wire $26.5 every monday or friday of the week, into your savings account.
Start Saving!
xx
L
Here's where you can read more about the 52 week money challenge
Learn more about Tangerine here
Feel free to comment?
