How to avoid spending your savings

How to avoid spending your savings

What’s the point of saving if you keep spending the money you put away?

Establish saving goals to give yourself clear and achievable milestones. And don’t touch your savings, so you can keep hitting your goals.

Money and mindset coach Vanessa Bowen shares her tips to avoid spending your savings:

  • Create your savings goals in a dedicated account

  • Don’t touch your emergency fund

  • Have a dedicated emergency account

  • Leverage a TFSA (Tax Free Savings Account)

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