|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Financial Planning -> Save Money -> Save $1 per dayHow Much Will You Have if You Save $1 Per Day?
If you can save $3 per day, just multiply everything above by 3, or if you save $5 per day, multiply the above numbers by 5, etc. If you start saving $1 per day when your child or grandchild is born, and this is continued for 60 years, it is possible they might have enough to retire just from the $1 per day. Note that this table is not referring to RRSPs, but to deposits to a savings, brokerage or other non-registered account. If you're a teen and starting to work part time, you should start to Pay Yourself First, 10% of your gross wages. TaxTips.ca ResourcesAnnual Income Calculator - see what annual income will be provided by your investments. Historical Investment Returns on Stocks, Bonds, and T-Bills How Much Must be Invested Today to Have $1 Million in the Future? Check out all of our ideas for saving money and building wealth! Tax tip: Pay yourself first!
Revised: December 22, 2020 |
Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved. See Reproduction of information from TaxTips.ca Facebook
| Twitter
| Monthly
Newsletter Sign-up
What’s
New E-mail Notification
RSS News Feed |