Module 3: Saving

Saving puts you in control—you decide when to spend and when not to. But it does not mean you have to do without the things that are important to you. You can start saving on a regular basis, preparing for emergencies and large expenses. You'll be able to use your savings to get things you could not get otherwise. Saving gives you the ability to make choices, instead of being pushed from one spending emergency to another.

This module will show you how to save steadily over time, without big sacrifices. In it, you will learn:

  • why saving regularly will help you
  • the power of starting to save early
  • some tips to make it easier to save
  • key ways to start planning and saving for your goals.


What about debts? If you have debts with high interest or fees, it's usually best to pay them off first. The Credit and debt management module will help you learn how to manage debts. And if you can save an emergency fund, you will not need as much debt when unexpected costs come up.

Throughout the module, you will find learning tools that you can use now and in the future:

  • an online savings account selector that compares the features and costs of savings accounts in your province or territory
  • a savings calculator that lets you estimate how much you can earn with regular savings
  • videos showing why and how to save
  • an action plan of steps to take to get ready and start saving.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to save successfully in the future. Use the action plan as a roadmap for financial action!

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