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Personal Finance

How to Work with Your Bank to Build Your Financial Future

By Royal Bank of Canada

A man sitting with his dog happily checking his mobile banking app.

Published September 5, 2025 • 2 Min Read

Your money matters. It impacts your quality of life, your family, and your overall wellbeing. From managing everyday spending and building savings to tackling debt or planning for the future, your bank can play a key role in supporting your success and financial wellness. Take this quiz to discover the best support for you:

    1. Choose one:
    2. Choose one:
    3. Choose one:
    4. Choose one:

Mostly As – Spend

You’re ready to take control of your day-to-day spending. Small changes in your habits can help reduce stress and boost your financial confidence. Learn more on creating a budget that works for you.

Mostly Bs – Save

Financial wellbeing for you comes from watching your money grow and the peace of mind that comes from having funds set aside. Learn more about the importance of having an emergency fund.

Mostly Cs – Borrow

Debt management is top of mind, but you don’t need to face it alone. A solid strategy can help reduce stress and support your overall financial wellbeing. Learn about strategies for paying down debt

Mostly Ds – Plan

Your financial confidence comes from having a clear plan for achieving your long-term goals and staying on track. Need help with future goals? Learn why it’s never to early—or too late—to plan for retirement.

Banking on Success With your Bank

Financial wellness comes from balancing how you spend, save, borrow and plan for the future. Your bank is here to provide you with the content, tools and resources you need to help build confidence, feel financially secure and reach your goals.

1) Spend

When it comes to spending, the equation is simple—but not always easy to execute: spend less than you earn. Understanding your spending patterns, emotional triggers, and regular expenses can help you manage money more effectively. Using budgeting tools is a great place to start. 

2) Save

Saving provides psychological security and can boost overall wellbeing. From funding a dream trip to buying a home or investing for the future, putting money aside regularly makes your goals more achievable. Digital platforms like MyAdvisor can help you build a plan that meets your needs and helps you reach your goals.

3) Borrow

Whether it’s a home, car, or credit card, having the right borrowing options for your life is crucial. Being smart about how and when you borrow can make your financial journey smoother. Loan calculators and other tools can help you estimate your payments, see the cost savings of a particular borrowing strategy and more.

4) Plan

Studies show Canadians with a well-thought-out financial plan are more likely to reach their goals. Thinking ahead and having a clear roadmap keeps you focused and on track. Many investors credit their financial advisor with helping them build investment habits and avoiding costly mistakes. 

Your financial journey is as unique as you are – RBC is here to help you prosper every step of the way. Explore more on My Money Matters and speak with an advisor to see

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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