RAGS TO RICHES | Savings: A Gift from You to You

After tackling Personal Budgeting in our last issue, we are back this month to talk about Savings!

Living on our entire paycheck each month can work fine for some months, but only until unexpected expenses or bigger spending goals show up. The minute there’s an emergency or if one simply needs to buy a pair of noise-cancelling headphones in order to work when the neighbour’s renovating, we're immediately spending money we do not have.

As Ragini puts it, "So while present me is comfy, future me is almost definitely living above her means."

This is the problem that Rags to Riches column works to fix this month.

So read on to find out how to start saving so that Future You and Present You are both living joyful lives free of financial angst.