“The True Secret of getting ahead”

You work hard for your money….and chances are, you work even harder to save.

What is it that seems to prevent you from getting ahead?

Why isn’t the money available when you really need it to repair the transmission, the water heater, the renovations …YOUR RETIREMENT? While you went about the business of living, too busy working hard to save money, it was quietly and steadily being spent on other things; the money sponge in action.

We all do it…the daily latte, lunches out, cigarettes or even a regular chocolate bar. But what if you put the money you spend on those little things aside for your retirement? Let’s say you put that daily expense into an investment that made an average of 8 % a year; Here’s how it would add up.

Your $1 chocolate bar a day…

Over 10 years: $5,499.68

Over 20 years: $17,373.07

Your $3 latte…

Over 10 years: $16,499.04

Over 20 years: $52,119.22

Your $5 lunch…

Over 10 years: $27,498.39

Over 20 years: $86,865.36

You can see how it doesn’t take a lot to make a big difference in your retirement savings. The only way to save money is to take it out of circulation, tuck it away little by little to a saving account or otherwise

Finding it difficult to save? Pay yourself first.

There is no amount too little to save as long as it matches your goal and timeframe. Pay yourself first and put away that share of savings as little as it is.

Consider having even small monthly or bi-weekly contributions automatically made to your RRSP.

This can be set up very easily, and you’ll likely hardly notice it.

Saving for your retirement is easier than you think.

Talk to your Grandview Credit Union investment Specialist to set up a plan that makes sense for you.

See our website at www.grandviewcu.mb.ca for details.