This is arguably the really fun part of saving – together with watching your savings grow. You probably won’t have any trouble coming up with goals on your own, but here are a few idea starters:
Of course you can change your goal any time; right now getting into the habit of saving is the most important thing.
Once you’ve identified a goal that you’re saving toward, it’s time to open a savings account. An ideal dedicated savings account should offer high interest with no monthly fees – so your money has an opportunity to grow. For example, the RBC High Interest eSavings® account offers you high interest on every dollar with no monthly fee and no minimum balance.
The RBC High Interest eSavings account also lets you set up automatic online transfers through the Save-matic™ Program, so that transfers are made automatically from your RBC® banking account at a regular time, such as just after your paycheque is deposited. You can even give your account a name that will inspire you to save – call it “Caribbean Getaway Account” or “My New Gas Stove”!
Discover how much you’sre spending on everyday items with the Spend-o-meter.
Find out in minutes using the Easy Budgeting Tool.