When it comes to saving money, it can play an important role when you are in your early 20’s and saving in the future.
Patti McKay is a retired financial advisor and has been in the industry for 30 years. “They need to create a financial plan and stick to it, they also need to include their short and long term goals.”
McKay also says its important to pay off a credit card, as some people have no problem swiping but the card but can’t pay it off at the end of the month.
Sarah Barth is a student attending Fanshawe College. “I’ve been trying to budget. I have my own car. It’s a 2015 brand new car so that is something for me that has helped me try to budget my money. Being a student and having to pay tuition and make car payments with insurance can get expensive.”
Banks offer a lot of money saving options that can help manage your money.