A Canadian's Guide to Money-Smart Living Quotes

“CPA Canada's CFS survey found that 44% of Canadians save less than 10% of their monthly income and 17% nothing at all. You really need to save before you spend! Do not look upon savings as something left over after you've spent everything else. Save first, then live and budget with the net income. As of August 2018, Statistics Canada reported that Canadians had an average annual salary of about $51,000. If we suppose that is the average salary for 40 years of working life, $2,040,000 will pass through your hands. If you saved just 10% over your lifetime - not even allowing for investment growth - you'd have $204,000 by just skimming a little off the top. Plus, with some investment acumen, that number would be significantly higher.”
― Kelley Keehn, A Canadian's Guide to Money-smart Living