Скачать с ютуб How To Save Money In Canada - Save Money In Cash Or Bank Like a Pro 2023 в хорошем качестве

How To Save Money In Canada - Save Money In Cash Or Bank Like a Pro 2023

In this video, we look at a number of ways to save money in Canada, and mainly discuss how to save money in bank accounts in order to consistently save the most amount possible in the shortest possible period of time. 💰👉🏽 Get $20 From EQ Bank By Signing Up Using My Referral Link: https://bit.ly/3GrhK0j 📷 My Instagram:   / shervinhouse   My Equipment: 📷 Camera - Canon EOS 80D: https://amzn.to/3a3tgE0 🔺 Tripod - Geekoto 77" Aluminum: https://amzn.to/3AeB0ha 🟩 Green Screen - Elegato Collapsible Green Screen: https://amzn.to/3nrRLxP 💾 SD Card - Samsung 512 GB: https://amzn.to/3OSE7ja 💻 SSD External Storage - Samsung 1 TB: https://amzn.to/3yvpnkN There are 3 practices that we discuss in detail that will show you how to save money in Canada as efficiently as possible. These 3 are setting savings goals, picking the right place to save your money, and making sure you have the right mindset in order to save money in 2023. To start with savings goals, you would obviously know exactly how much to save if you are saving for a big expense, like buying a car or a house. On the other hand, if you are saving for an emergency fund, it may not be too obvious how much money you would need saved up on your savings account in order to have enough to cover most emergencies. The experts recommend that you save about 6 months to a year worth of your expenses, whatever that number may be for you. The logic behind this is that in case any emergencies arise that put you out of work, things like getting laid off or medical emergencies that prohibit you from working for a prolonged period of time, then you have between 6-12 months of your expenses covered so that you can have enough time to figure out a solution. Now the question is, where should you save your money? In theory, you could just hold your savings in any odd savings account; however, the vast majority of savings accounts in Canada offer a 0.1% or smaller interest rate per year, which is truly abysmal. In fact the only Canadian bank account that offers a decent interest rate on their savings account is a digital bank known as EQ Bank. With their savings account, you will receive a 1.25% interest rate, which is more than 12x higher than what most other bank accounts offer in Canada. As far as the proper mindset for saving money goes, it is best to implement the "out of sight, out of mind" strategy in order to make sure you avoid spending any of the money intended for your savings. This means that you dedicate a portion of your income to your savings, and any time money comes in, you put away that portion into your savings account right away, and pretend it doesn't even exist, almost as if it was a bill payment which is now gone and out of your life. By doing so, you will be able to consistently save towards your goal, and you will never be tempted to spend any of that money on things that you don't even really need anyways.