{"id":60,"date":"2021-05-12T07:48:00","date_gmt":"2021-05-12T07:48:00","guid":{"rendered":"https:\/\/www.cashwaves.ca\/blog\/?p=60"},"modified":"2026-09-14T09:30:29","modified_gmt":"2026-09-14T09:30:29","slug":"how-can-i-save-money-for-the-future","status":"publish","type":"post","link":"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/","title":{"rendered":"How can I save money for the future?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#How_Can_I_Save_Money_for_the_Future\" >How Can I Save Money for the Future?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#1_Build_a_Budget_Around_Your_Leaner_Months\" >1. Build a Budget Around Your Leaner Months<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#2_Start_an_Emergency_Fund_You_Can_Actually_Build\" >2. Start an Emergency Fund You Can Actually Build<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Separate_Emergencies_From_Predictable_Bills\" >Separate Emergencies From Predictable Bills<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#3_Make_Saving_Flexible_Then_Automate_It\" >3. Make Saving Flexible, Then Automate It<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Use_Percentages_Carefully\" >Use Percentages Carefully<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#4_Reduce_Spending_and_Expensive_Debt_Together\" >4. Reduce Spending and Expensive Debt Together<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#5_Reserve_Income_Tax_Before_Spending_Business_Receipts\" >5. Reserve Income Tax Before Spending Business Receipts<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Check_Whether_Tax_Instalments_Apply\" >Check Whether Tax Instalments Apply<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#6_Keep_Sales_Tax_Separate_From_Your_Savings\" >6. Keep Sales Tax Separate From Your Savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#7_Organise_Business_Records_and_Claim_Expenses_Accurately\" >7. Organise Business Records and Claim Expenses Accurately<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Make_Business_Growth_Pay_Its_Way\" >Make Business Growth Pay Its Way<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Do_Not_Manipulate_Deductions_for_Loan_Applications\" >Do Not Manipulate Deductions for Loan Applications<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#8_Choose_TFSA_and_RRSP_Contributions_You_Can_Afford\" >8. Choose TFSA and RRSP Contributions You Can Afford<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#TFSA_Savings\" >TFSA Savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#RRSP_Contributions\" >RRSP Contributions<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#9_Protect_Your_Income_and_Choose_Advice_Carefully\" >9. Protect Your Income and Choose Advice Carefully<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#10_Use_Better_Months_to_Strengthen_Future_Months\" >10. Use Better Months to Strengthen Future Months<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#What_If_You_Need_Money_Before_Payday\" >What If You Need Money Before Payday?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.cashwaves.ca\/blog\/how-can-i-save-money-for-the-future\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">Trying to save money while covering rent, groceries and debt payments can feel like moving cash between accounts without getting ahead. For freelancers, business owners and people between jobs, unpredictable income adds another complication.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A useful savings plan starts with money you can genuinely leave untouched. It also recognises that taxes, upcoming bills and business expenses already have a claim on part of your income. Here is how to build that plan around your circumstances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Can_I_Save_Money_for_the_Future\"><\/span>How Can I Save Money for the Future?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>To save money for the future, budget for essential expenses, choose an affordable savings amount and build an accessible emergency fund. Set aside taxes where required, manage expensive debt and select suitable savings accounts. Review your plan regularly, especially when your income changes.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Build_a_Budget_Around_Your_Leaner_Months\"><\/span>1. Build a Budget Around Your Leaner Months<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Start with your take-home income and essential costs: housing, utilities, groceries, transport and required debt payments. Add predictable expenses that arrive less often, including insurance renewals and winter tires.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For budgeting with irregular income, use a cautious estimate based on your recent lower-earning months. Keep unpaid invoices separate from money already received. A promising contract cannot cover tomorrow\u2019s debit until the payment arrives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Suppose your available income is $2,600 and essentials total $2,350. After reserving $150 for an upcoming bill, you have $100 remaining. Saving $200 would create a shortfall; a smaller contribution gives you breathing room.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This example is illustrative, not a Canadian cost-of-living benchmark. Our <a href=\"https:\/\/www.cashwaves.ca\/blog\/how-to-make-a-budget-tailored-to-the-canadian-lifestyle\/\">Canadian budgeting guide<\/a> can help you organise the categories.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Start_an_Emergency_Fund_You_Can_Actually_Build\"><\/span>2. Start an Emergency Fund You Can Actually Build<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Choose an initial target that would help with one manageable surprise. Depending on your budget, that might be $100, $250 or another amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FCAC suggests gradually working towards three to six months of regular expenses or income. That is a longer-term goal, not a requirement before small savings become useful. Keep emergency funds accessible and separate from everyday spending. See <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/savings-investments\/setting-up-emergency-funds.html\" target=\"_blank\" rel=\"noopener\">FCAC\u2019s emergency fund guidance<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Separate_Emergencies_From_Predictable_Bills\"><\/span>Separate Emergencies From Predictable Bills<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">An unexpected repair and an annual renewal need different planning. If you expect a $480 expense in six months, setting aside $80 monthly would cover it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using an emergency fund for a genuine emergency is its purpose. Afterwards, adjust your contributions and rebuild at an affordable pace.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Make_Saving_Flexible_Then_Automate_It\"><\/span>3. Make Saving Flexible, Then Automate It<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Automatic savings work best when the transfer leaves enough for upcoming payments. Start small and schedule it after income has arrived.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saving $25 every two weeks for 26 contributions produces $650 before interest, fees or withdrawals. Twice-monthly contributions would produce $600 over 24 payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_Percentages_Carefully\"><\/span>Use Percentages Carefully<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For variable earnings, consider allocating a percentage of money available after business costs, tax reserves and essential commitments. Avoid applying an arbitrary percentage to every client payment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, saving 5% of an available $400 surplus means $20. This is an illustration, not a universal target.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If essentials exceed income, investigate the shortfall first. Pausing a transfer is more sensible than triggering fees to maintain an unaffordable savings routine.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Reduce_Spending_and_Expensive_Debt_Together\"><\/span>4. Reduce Spending and Expensive Debt Together<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Review one recurring cost at a time. Check unused subscriptions, account charges and service plans. Compare switching costs before assuming a cheaper offer saves money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our <a href=\"https:\/\/www.cashwaves.ca\/blog\/money-saving-tips-to-save-money-fast\/\">everyday money-saving tips<\/a> offer ideas you can adapt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">List your debts, rates, minimum payments and due dates. FCAC recommends considering overdue accounts before choosing a repayment strategy. After maintaining required payments, targeting higher-interest debt can reduce interest costs. See its <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/debt\/paying-debt.html\" target=\"_blank\" rel=\"noopener\">debt repayment guide<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A modest cash buffer and additional debt payments may both have a place. Their balance depends on your obligations and income stability. If you cannot afford required payments, contact creditors promptly and consider reputable credit counselling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Reserve_Income_Tax_Before_Spending_Business_Receipts\"><\/span>5. Reserve Income Tax Before Spending Business Receipts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For self-employed Canadians, a client payment is not automatically personal spending money. Account for business costs and expected tax obligations before deciding what is available.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An accountant can help estimate income tax and applicable CPP or QPP contributions. Revisit that estimate when profits change rather than relying on a fixed percentage indefinitely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_Whether_Tax_Instalments_Apply\"><\/span>Check Whether Tax Instalments Apply<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some individuals must pay income tax instalments during the year. Requirements depend on net tax owing and other conditions; they do not apply to every freelancer simply because they work independently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Review CRA reminders, payment calculations and deadlines. Most individual instalment schedules are quarterly, with exceptions. Follow the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/payments\/payments-cra\/individual-payments\/income-tax-instalments.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s instalment guidance<\/a> and obtain help when unsure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Money reserved for taxes should not be counted as emergency savings or retirement contributions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Keep_Sales_Tax_Separate_From_Your_Savings\"><\/span>6. Keep Sales Tax Separate From Your Savings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not every worker or business must collect GST\/HST. Registration depends on taxable activities, revenue and applicable exceptions. Check the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/gst-hst-businesses\/when-register-charge.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s registration rules<\/a> before charging tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If registered, track GST\/HST collected and amounts that must be remitted. Under the regular calculation method, eligible input tax credits may reduce net tax payable. Other accounting methods have different rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A separate reserve can help prevent accidental spending, but reconcile it against your actual return. Do not treat every dollar collected as business profit or assume the entire gross collection is always the final remittance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">See the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/gst-hst-businesses\/calculate-prepare-report.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s GST\/HST calculation guidance<\/a>, and check any additional provincial sales-tax obligations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Organise_Business_Records_and_Claim_Expenses_Accurately\"><\/span>7. Organise Business Records and Claim Expenses Accurately<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Keep business transactions identifiable through dedicated records and, where suitable, a separate account. Track invoices, receipts, operating costs and transfers for personal use.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Make_Business_Growth_Pay_Its_Way\"><\/span>Make Business Growth Pay Its Way<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Independent work is business activity even when it starts between jobs. Review what each project earns after materials, platform charges, travel and other direct costs. Then consider the hours spent finding clients, completing work and chasing payment. More revenue does not necessarily mean more money available to save.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before buying a course or upgrading equipment, identify the problem it solves, the full cost and a realistic way to recover that cost. Better skills can support earning potential, but extra spending does not guarantee extra clients or higher profits. Keep these decisions tied to evidence from your own business records.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A sole proprietorship is not legally separate from its owner. Separate accounts improve recordkeeping but do not create liability protection or change that legal relationship. See the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/small-businesses-self-employed-income\/setting-your-business\/sole-proprietorship.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s sole-proprietorship guidance<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Do_Not_Manipulate_Deductions_for_Loan_Applications\"><\/span>Do Not Manipulate Deductions for Loan Applications<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Claim expenses according to tax rules and supporting records. Personal spending does not become deductible because it passed through a business account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Likewise, do not distort financial information to appear more creditworthy. Ask an accountant about legitimate deductions and provide lenders with accurate information. Consult the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/sole-proprietorships-partnerships\/business-expenses.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s business-expense guidance<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Choose_TFSA_and_RRSP_Contributions_You_Can_Afford\"><\/span>8. Choose TFSA and RRSP Contributions You Can Afford<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Retirement planning matters even without an employer pension. However, maximising every registered account is not automatically appropriate when cash is tight or expensive debts remain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TFSA_Savings\"><\/span>TFSA Savings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The 2026 TFSA annual dollar limit is $7,000. Your available contribution room depends on eligibility, unused room, withdrawals and contributions already made.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Calculate available room using your own records across all TFSAs. Withdrawals generally restore room on January 1 of the following year; CRA records do not update immediately after transactions. See the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/tax-free-savings-account\/contributing\/calculate-room.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s TFSA contribution guidance<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RRSP_Contributions\"><\/span>RRSP Contributions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Deductible RRSP contributions may reduce taxable income. Growth is generally tax-deferred while money remains inside the plan, and withdrawals are generally taxable. Check your individual limits and the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/rrsps-related-plans\/registered-retirement-savings-plan-rrsp.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s RRSP guidance<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Account choice also depends on access needs and the investments held. Our <a href=\"https:\/\/www.cashwaves.ca\/blog\/in-what-manner-to-start-savings-for-retirement\/\">retirement savings article<\/a> provides further reading.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Protect_Your_Income_and_Choose_Advice_Carefully\"><\/span>9. Protect Your Income and Choose Advice Carefully<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ask what would happen to essential bills if illness prevented you from working. Review existing employer benefits and household resources before buying additional coverage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A licensed insurance professional can explain whether disability or critical illness insurance addresses a gap. Compare affordability, definitions, waiting periods, exclusions and benefit limits. Start with <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/insurance\/disability.html\" target=\"_blank\" rel=\"noopener\">FCAC\u2019s disability insurance guidance<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For financial planning in Canada, choose help suited to the task: tax expertise for business filings, planning expertise for retirement, or credit counselling for unmanageable debt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ask about qualifications, services and compensation before committing. The <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/savings-investments\/choose-financial-advisor.html\" target=\"_blank\" rel=\"noopener\">FCAC advisor guide<\/a> explains questions to ask. Professional support should have a clear purpose and an understood cost.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_Use_Better_Months_to_Strengthen_Future_Months\"><\/span>10. Use Better Months to Strengthen Future Months<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When extra income arrives, check whether taxes, operating costs or delayed bills already need it. Decide deliberately how much can support savings goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A fictional freelancer receives $600 beyond the normal monthly plan. After reserving $200 for an estimated tax obligation and $150 for a known expense, $250 remains for other priorities. These figures illustrate allocation, not recommended tax rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Track net worth periodically by subtracting liabilities from assets. Include outstanding loans and credit-card balances, not just savings accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also review accessible cash. Positive net worth does not necessarily mean you can pay an urgent bill, especially when most assets are tied up in a home or business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_If_You_Need_Money_Before_Payday\"><\/span>What If You Need Money Before Payday?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Saving money on a low income can take time. If an essential payment is urgent, ask about a payment arrangement or available lower-cost support before considering expensive borrowing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Payday loans involve high costs and short repayment periods. A quick approval does not establish affordability. Review total repayment against upcoming essentials using the <a href=\"https:\/\/www.cashwaves.ca\/responsible-lending.html\">CashWaves responsible borrowing guide<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashwaves.ca\/\">CashWaves<\/a> describes itself as a referral service, not a direct lender. Approval and funding depend on participating lenders. Do not borrow simply to increase a savings balance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<style>.kt-accordion-id60_1e6034-b1 .kt-accordion-inner-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:10px;}.kt-accordion-id60_1e6034-b1 .kt-accordion-panel-inner{border-top:0px solid transparent;border-right:0px solid transparent;border-bottom:0px solid transparent;border-left:0px solid transparent;background:#ffffff;padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-right:var(--global-kb-spacing-sm, 1.5rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);}.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top:4px solid #7b35c8;border-right:4px solid #7b35c8;border-bottom:4px solid #7b35c8;border-left:4px solid #7b35c8;border-top-left-radius:15px;border-top-right-radius:15px;border-bottom-right-radius:15px;border-bottom-left-radius:15px;background:#f2f2f2;color:#555555;padding-top:15px;padding-right:15px;padding-bottom:15px;padding-left:15px;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:before{background:#555555;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger{background:#555555;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:before{background:#f2f2f2;}.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1 .kt-blocks-accordion-header:focus-visible{color:#444444;background:#eeeeee;border-top:4px solid #878787;border-right:4px solid #878787;border-bottom:4px solid #878787;border-left:4px solid #878787;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion--visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#444444;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger, body:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger{background:#444444;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#eeeeee;}.kt-accordion-id60_1e6034-b1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{color:#ffffff;background:#000000;border-top:4px solid #7b35c8;border-right:4px solid #7b35c8;border-bottom:4px solid #7b35c8;border-left:4px solid #7b35c8;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:before{background:#ffffff;}.kt-accordion-id60_1e6034-b1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger{background:#ffffff;}.kt-accordion-id60_1e6034-b1:not( 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(max-width: 1024px){.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1 .kt-blocks-accordion-header:focus-visible{border-top:4px solid #878787;border-right:4px solid #878787;border-bottom:4px solid #878787;border-left:4px solid #878787;}}@media all and (max-width: 1024px){.kt-accordion-id60_1e6034-b1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top:4px solid #7b35c8;border-right:4px solid #7b35c8;border-bottom:4px solid #7b35c8;border-left:4px solid #7b35c8;}}@media all and (max-width: 767px){.kt-accordion-id60_1e6034-b1 .kt-accordion-inner-wrap{display:block;}.kt-accordion-id60_1e6034-b1 .kt-accordion-inner-wrap .kt-accordion-pane:not(:first-child){margin-top:10px;}.kt-accordion-id60_1e6034-b1 .kt-accordion-panel-inner{border-top:0px solid transparent;border-right:0px solid transparent;border-bottom:0px solid transparent;border-left:0px solid transparent;}.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top:4px solid #7b35c8;border-right:4px solid #7b35c8;border-bottom:4px solid #7b35c8;border-left:4px solid #7b35c8;}.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id60_1e6034-b1 .kt-blocks-accordion-header:focus-visible{border-top:4px solid #878787;border-right:4px solid #878787;border-bottom:4px solid #878787;border-left:4px solid #878787;}.kt-accordion-id60_1e6034-b1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id60_1e6034-b1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top:4px solid #7b35c8;border-right:4px solid #7b35c8;border-bottom:4px solid #7b35c8;border-left:4px solid #7b35c8;}}<\/style>\n<div class=\"wp-block-kadence-accordion alignnone animated bounceInDown\"><div class=\"kt-accordion-wrap kt-accordion-id60_1e6034-b1 kt-accordion-has-6-panes kt-active-pane-0 kt-accordion-block kt-pane-header-alignment-left kt-accodion-icon-style-basic kt-accodion-icon-side-right\" style=\"max-width:none\"><div class=\"kt-accordion-inner-wrap\" data-allow-multiple-open=\"false\" data-start-open=\"0\">\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-1 kt-pane60_ec1160-61\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">How Much Should I Save Each Month?<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Start with an affordable amount after essentials, required payments and known obligations. Review it when income changes. A smaller contribution that stays saved can be more useful than a larger transfer you must reverse.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-2 kt-pane60_8cea71-15\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Can I Save Money With Bad Credit?<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Yes. Saving and rebuilding credit can happen together. FCAC notes that previous bankruptcy does not automatically prevent opening a bank account, subject to identification and applicable requirements. Read its <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/banking\/opening-bank-account.html\" target=\"_blank\" rel=\"noopener\">bank-account guidance<\/a>.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-3 kt-pane60_c8ca43-56\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Should I Save or Pay Off Debt First?<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Maintain essentials and required payments, address overdue accounts and consider a modest emergency reserve. How you allocate additional money depends on debt costs, upcoming expenses and income reliability.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-4 kt-pane60_4b00d8-cd\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Do All Self-Employed Canadians Need Quarterly Tax Payments?<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">No. Instalment requirements depend on your tax situation. Check CRA guidance and notices rather than assuming quarterly payments are optional or universally required.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-5 kt-pane60_42a30f-09\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Should I Maximise My TFSA and RRSP?<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Only when contributions suit your available room, cash needs and broader plan. Contribution limits are ceilings, not savings targets everyone must meet.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-6 kt-pane60_163211-97\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Make Your First Savings Decision Today<\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Choose one goal, review the next month\u2019s obligations and identify an amount you can leave aside. Record when you will check progress.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A savings plan can change with your income. What matters is that each contribution supports your future without creating an avoidable shortfall today.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trying to save money while covering rent, groceries and debt payments can feel like moving cash between accounts without getting ahead. For freelancers, business owners and people between jobs, unpredictable income adds another complication. A useful savings plan starts with money you can genuinely leave untouched. It also recognises that taxes, upcoming bills and business [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":"","_yoast_wpseo_title":"How can I save money for the future? Cash Waves","_yoast_wpseo_metadesc":"Building and retaining savings is important because it provides Cash Waves on which to plan for the future.","_yoast_wpseo_focuskw":"save money","rank_math_title":"How to Save Money for the Future: 10 Tips for Canadians","rank_math_description":"How to save money for the future in Canada with practical budgeting, emergency funds, tax planning and TFSA or RRSP for uneven income.","rank_math_focus_keyword":"save money","_dpc-meta-title":"","_dpc-meta-description":"","_dpc-keyword":""},"categories":[31],"tags":[17,15,18,12,14,16,13],"class_list":["post-60","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-tips","tag-24-7-online-payday-loans","tag-guaranteed-approval-payday-loans-ontario","tag-guaranteed-loans-for-unemployed","tag-loans-for-unemployed-canada-review","tag-payday-loan-guaranteed-approval","tag-payday-loans-canada","tag-rent-loans-for-unemployed"],"uagb_featured_image_src":{"full":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money.webp",1920,1080,false],"thumbnail":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-150x150.webp",150,150,true],"medium":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-300x169.webp",300,169,true],"medium_large":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-768x432.webp",640,360,true],"large":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-1024x576.webp",640,360,true],"1536x1536":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-1536x864.webp",1536,864,true],"2048x2048":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money.webp",1920,1080,false],"post-thumbnail":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-768x432.webp",768,432,true],"color-blog-full-width":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-1160x653.webp",1160,653,true],"color-blog-post":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-600x400.webp",600,400,true],"color-blog-post-auto":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-600x338.webp",600,338,true],"color-blog-slider-post":["https:\/\/www.cashwaves.ca\/blog\/wp-content\/uploads\/2021\/05\/save-money-1200x700.webp",1200,700,true]},"uagb_author_info":{"display_name":false,"author_link":"https:\/\/www.cashwaves.ca\/blog\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Trying to save money while covering rent, groceries and debt payments can feel like moving cash between accounts without getting ahead. For freelancers, business owners and people between jobs, unpredictable income adds another complication. A useful savings plan starts with money you can genuinely leave untouched. It also recognises that taxes, upcoming bills and business&hellip;","_links":{"self":[{"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":3,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":457,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions\/457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/media\/331"}],"wp:attachment":[{"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashwaves.ca\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}