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RBC Financial Planning - Tips on Budgeting and Borrowing

Welcome to Tips on Budgeting and Borrowing

 

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.

With 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:

Strategies to increase your net worth
Tips on budgeting and managing your cash flow
How to save time and effort looking after your finances
Tips if you’re thinking about a new car
Things you should know about buying a home
Taking advantage of credit lines and other personal loan options
Tips on making your travel easier and more secure

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 to you.

Strategies to increase your net worth
Tips on budgeting and managing your cash flow
How to save time and effort looking after your finances
Tips if you’re thinking about a new car
Things you should know about buying a home
Taking advantage of credit lines and other personal loan options
Tips on making your travel easier and more secure

Important information about our financial planning services can be found at the bottom of our homepage.

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financial planning
professional

 

 

 ©Royal Bank of Canada 1995-2017 Last modified: 09/24/2014 09:40:32