Saving Christmas green!

So I'm sure many of you got a Christmas present this holiday season that was of the cheque or paper money variety from the Grandparents or your Aunt Ruth. Now the question is, should you save this money or spend it?

We all know, it's easier to spend money than to save it. But, I thought I would give you some advice for some ways you could save your money and get more value out of it than just buying a new pair of shoes.

One of the first (and most obvious) things you could do is to open a Young & Free chequing account. It's free to get one and there are no catches. If you're 17 - 25 and you're getting beaten down with service charges, you seriously may as well take that Christmas money and put it into a Y&F account. Trust me, you'll thank me later!

Something else you could do is take that money and make money with it!

Ask a Servus employee about putting your money into a Tax Free Savings Account (TFSA) and start saving for retirement or school or your wedding! Something that's important to you!

You can even get creative with the money, instead of buying something that will just depreciate in value, but something that plays to your passions and that you can make money with!

If you love making movies, buy a camera and you can get paid for filming weddings or events, or even music videos and the like when you start getting street cred.

If your passion is music, buy some recording equipment and start recording your music so that people can hear your talent! You can in turn use that equipment to record other artists and they may pay you for it.

So, what you should REALLY do with that money you got this Christmas from those near and dear to you is without a doubt up to you. However, I would highly recommend looking at ways to save it or invest it. Because in the end, you can actually make your money work for you, and make you money.

Hope that you all have fun opening new accounts (or whatever it is you decide to do!)

Until tomorrow!

Myles 'Like a boss' Peterman