Ways to simplify and enhance your life
This section is designed to help you deal with two challenges
most of us face:
- We have a limited amount of time, and
- Managing money is harder than making it.
these two facts in mind, this section offers suggestions that
will help you make the most of your time and help you manage
your money more effectively.
Start your tour of tips on budgeting and borrowing here:
Making the most of your time
Life is busy and just keeping up with the everyday financial
necessities can be a challenge for most of us. We’d
like to help you simplify those necessities so you can have
more time to do the things you enjoy.
One way is to take advantage of some of the services and
conveniences available to you through your financial institution.
For example, one service that is sure to save you time and
effort is to manage your finances online. You may be surprised
to learn all the things you can do online through your bank.
Managing your money more effectively
If you’re like most people, you can probably identify
many things you can do to make your money go farther. But
there is one simple “secret”, one key thing above
all others that is guaranteed to help you better manage your
money and accumulate wealth at a faster rate.
If you are in or near the top tax bracket, this simple secret
is perhaps one of the most important principles about money
you should know. It is simply this:
“One dollar saved is like two dollars earned.”
Because of your high tax bracket, anytime you can reduce
or eliminate one dollar of spending, it will have the same
effect on your financial well-being as increasing your earnings
by two dollars.
Whether it’s buying a car, going to the supermarket,
shopping for clothes – whatever – every dollar
you can avoid spending is the same as earning two dollars.
There are many ways that you might be able to get ahead financially.
But saving your money (or reducing spending) is just about
the only 100% guaranteed way to improve your financial position.
That’s why you’ll find dozens of tips and suggestions
for saving your money and reducing spending in the topics
below. And if you’d like some help in implementing
some of these tips, just click
here to find the RBC financial planning professional closest
Important information about our financial planning services can be found at the bottom of our