Saving strategies: Easy concept, difficult reality

Time frame: 60 mins

Learning objectives for participants:

• how to save more to pay down debt
• saving and a reduction in spending often go together to achieve success
• use the power of compounding to make savings grow
• start to invest in the future to realize goals and dreams and prepare for a comfortable retirement

Outline:

• saving definitions
• savings strategies:
  • specific savings strategies pay yourself first
  • do a budget
  • from your investment income
  • expenditure management
  • keeping the momentum
• tools and aids
• Q&A

Learning materials:

• Financial Consumer Agency of Canada Budget Calculator — helps make a budget
• Goal Setting worksheet — helps set SMART goals which are specific, measurable, attainable, realistic, time-framed
• Values Validator worksheet — helps determine what things are most important to help set values-based goals

Questions?

For questions, please email us.

Want a session in your area?

We will provide a CPA volunteer to lead the session with a prepared presentation, activities, handouts and worksheets. Note: If more than one session is needed, please fill out a second form and submit.

Request guidelines:

• 12 weeks’ notice needed to setup a session.
• Requests must be submitted by the request deadline.
• If more than five sessions are needed, please contact us directly.

For more information, visit setting up a financial literacy session.