When it comes to saving money, there are many options (and acronyms!). So how do you choose the one that's right for you? A lot of it boils down to two things:

  1. What you're saving for – Both short- and long-term goals require planning. Different investment products will be better suited to you depending on your goals, providing you with the support you need along the way.
  2. Your unique situation – The amount you're able to put away, your comfort level for risk and the accessibility of those funds is entirely related to your personal life. There is no one-size-fits-all here, but what we do know is that it's best to start investing as early as possible.
tfsa vs rrsp vs fhsa illustration depicting a piggy bank, an umbrella and a house in Servus brand colours 

Download this flow chart to help guide where you might choose to put your money.

And for your custom-tailored fit, be sure to reach out and one of our wealth experts will help you get started.

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