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Tandia Start Saving Like You Mean It

Start Saving Like You Mean It

Is there such a thing as being too early, or too late, to start saving for your future? Absolutely not! No matter what stage in life you’re in, saving money now is the best way to make those financial dreams of yours a reality. The current economy, along with high interest rates and inflation, may have you wondering how to get started, or worried that you don’t have enough money right now to bother putting a savings plan together. But worry not, it is easier than you think to get started, and saving money now can make a BIG impact on your returns. Any age, any stage: Make the most of your money and start saving like you mean it.

In your 20’s

Your 20’s are for finding yourself and thinking about those future goals – its never to early to get prepared. Whether you’re a student or have entered the workforce, this is a great time to start looking at your ‘big picture’ and get a financial plan together. Budgeting is an important way to help you stay on track while building your savings. What do you want to achieve in the next decade – do you hope to buy a home or car? Further your education? Travel and see the world? By knowing your goals and establishing a budget, you can start setting aside any leftover funds to help you get there. Remember, every little bit helps.

In your 30’s

If you haven’t started already, your 30’s are a great time to start saving for your retirement (it comes quicker than you think!). We all know that interest compounds over time, meaning the longer you save for, the greater the payout at the end. So don’t wait, even if you feel that you can only make small contributions at this busy time in your life. Speak with a representative about setting up an RRSP, the earlier the better. Your future self will thank you!

In your 40’s and 50’s

Taking care of yourself and your family means saving for a healthy future for all. Take advantage of financial checkups with a Tandia representative to make sure you are on the right path. Whether saving for a child’s education, home renovations or travel, working with a financial advisor can help you stay on top of your (many!) savings goals so you can make memories now and build towards your bright future.

In your 60’s and beyond

The ‘Golden Years’ can look different for everyone, and it is always a wise choice to save for your future and that of your loved ones. It’s still a great time to grow your savings - whether you’re planning a rockin’ retirement, travelling to Italy, paying off your mortgage or finally buying that dream sportscar, you’ve got goals to reach! Be sure to identify all sources of retirement income, and plan for any unexpected expenses, such as those due to inflation. Keeping those regular meetings with a financial advisor is an important way to keep you on track to where you need to be.

Remember that you aren’t alone on your financial journey, and Tandia has expert advice to guide you towards wise choices. Let us help you get those plans together, and you’ll be saving big in no time!

For more articles like this one, check out MONEY MINDSET.

Whether you are just starting out in life, saving for your first home, building a retirement nest egg, or planning and protecting your estate, Tandia is here to act as your partner in helping you achieve your financial dreams and goals. We have a range of unique packages and custom solutions that can be tailored to fit your needs.

More about Credit Unions

A credit union is a not-for-profit financial institution that accepts deposits, makes loans, and provides a wide array of other financial services and products.

Credit unions are among the country’s soundest financial institutions. At credit unions your deposits are safe and protected.

Why the fingerprint

Am I unique? We are here to tell you that yes you are and so are your finances! You may or may not have noticed a lot of our branding uses a fingerprint image. Well, that’s because we know how unique you truly are, and we want to make sure we treat your finances the same way.

Each person’s fingerprints are unique and at Tandia we realize your financial picture is as well. We want to celebrate your uniqueness and ensure we find the perfect fit of products and services that work for you.   

Tandia We are here for education

We are here for education

Education is critical to building a strong future foundation. From our Strive for Success Program to our Financial Literacy programs, we aim to make a positive impact. Tandia ​offers scholarships through many schools in the community, along with workshops, grant programs and special account packages just for schools.

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