Janea Bellay

How do I keep on top of my bills, save for rennovations on the house or an annual vacation, and save for retirement? I can’t do it all!!

Yes you can. Its simple.

Set up 3 accounts for yourself by paying yourself FIRST.

1. Set up a spending account - This should be put into a low interest easily accessible account.
2. Set up a savings account - This should be a low to medium interest account that is accessible within 7 business days. You should be automatically contributing to this account through Pre Authorized Contributions. This means that $50 or whatever amount you choose is automatically taken from your account each year. This is ideal in a tax free savings account. Click here to see more information on Tax Free Savings Accounts.
3. Set up a retirement account - This should be in a medium to high interest account, dependent upon your risk assessment. This money should be available when you retire. Dependent upon your current tax situation, it could be put into non-registered or registered savings thereby deferring the taxes paid on the interest earned until your retirement years when you are in a lower income tax bracket.

How much should I be putting away?

This is all dependent of course on your income and your expenses. The simplest way:

1. Complete this income and expenses worksheet.
2. The final number on the last page can be split

• 1/3 – Spending
• 1/3 – Savings
• 1/3 – Retirement

How do I choose which investments and how do I get this setup?

This is where I can come into help you choose the best investments that will match your risk tolerance and investment objectives. Contact me anytime. I would love to help!