This will help you determine what your future costs will be in retirement. But first, let’s free up some money each month right now!
Step 1: Capture your average monthly expenses. Don’t forget all those streaming services and app subscriptions on your phone along with food delivery memberships!
Step 2: Do the same thing, but this time look at areas you can cut back on or eliminate all together, then set up a reoccurring savings plan into your TFSA or RRSP
Step 3: Same thing, but now you’ll think about what life will be like when you retire. Capture things you’ll need to spend money using all of the key findings you’ve discovered in the pages before this one.
