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My personal finances

Turn your ideas into reality with a sound financial plan

Learn to manage your money

All you need is a few simple tools to get your finances in order. Sound financial management can give you the freedom to make your plans a reality.

"A penny saved is a penny earned."

– Proverb

Five tips for healthy finances

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Know what you're spending and prioritize

Take stock of your expenses and compare them against what you earn to figure out if you're living beyond your means.

Next, prioritize your spending. Don't deprive yourself if you really want that daily cappuccino, but think carefully before you buy. A helpful tip is to calculate how many hours you need to work to pay for it.

The final step is making a budget and sticking to it to make sure you're bringing in more than you're spending.

Make a budget 


Further reading

Creating a personal budget that really works

Infographic Set aside 10% of your income

Save, save, save!

Putting money aside in the short term is essential to have a safety net in case of unforeseen events (illness, job loss, etc.); in the medium term to carry out projects such as returning to school or taking a trip; in the long term to have sufficient funds for your retirement.

Are you saving for a project like a trip or a car? In the meantime, grow your money in a high interest savings account at 2%. This offer is valid until August 31, 2018.  

For those who wish to save in the long term, there are other types of financial tools, like the TFSA or the RRSP. Need help figuring out which one suits your needs? Speak with an advisor! 

Meet with an advisor


Further reading

20 Painless Ways to Save Money

Saving: Which method is right for you?

A pension plan for the next generation

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Use credit wisely

Don't be afraid to apply for credit—it can be a great resource when used wisely. For example, a mortgage is considered "good debt" because it allows you to invest in an asset that will gain value over time.

On the other hand, a credit card should be considered a short-term solution since it has a high interest rate. Use your card to earn rewards or cashbacks—just remember to pay your monthly balance!


Further reading

6 smart ways to use your credit card

Video: Should you save or pay off your debts first?

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Stay on top of your daily banking

Set up automatic bill payments to avoid late payments and a systematic savings plan for hassle-free saving.

Get a clear picture of your finances with online and mobile banking —whenever and wherever you want. And don't forget to choose a package tailored to your banking needs.

Discover your online bank

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Woman sitting on a plane
Woman sitting on a plane
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Insure your belongings

Managing your finances wisely also means protecting your savings and investments should the unexpected occur.

Take out the coverage you need: mortgage insurance to protect your home, loan insurance in case you lose your job, or travel insurance for a stress-free vacation.

View insurance coverage


Further reading

Do you have enough insurance?

Solutions to improve your finances

Mastercard® credit cards

Learn more about our credit cards with cashback and rewards plans.

See cards

Savings and investments

Set aside money and invest in your future goals.

See solutions

Insurance

Protect yourself from the unexpected with our insurance solutions.

See insurance solutions

Other ways to manage your finances

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Little details that matter

Legal Disclaimers

® Mastercard is a registered trademark of Mastercard International Inc. Authorized user: National Bank.

Need help managing your finances like a pro?

Meet with an advisor to get tailored advice.

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