We want to help you return to a simpler way to save. That means finding ways that are understandable, sensible and above all, consistent. Before you know it, you'll not only make a habit of it, you'll also accumulate savings without even trying.

Start by paying yourself first

One of the best things you can do is take a portion of your paycheque and set it aside in a high interest savings account or long-term investment.

A little money saved regularly and automatically through convenient pre-authorized contributions is the easiest way to save for goals like retirement, children's education, a vacation, or any other financial goal. You set up a plan once, and watch small savings grow into small fortunes - all without you ever noticing.

Turn small savings into a small fortune

If you put aside only $50 from each bi-weekly paycheque, look at how that small savings can add up for you over time†:

The small savings amount really adds up!

† Assumes contributions are made into a registered plan at the end of each bi-weekly period and earn an annual rate of return of 8%, compounded annually. Savings are rounded to the nearest dollar.

Scotiabank's pre-authorized contribution plan is fast and easy to set up. Do it once and you may never have to think about saving for important financial goals again.

Want to see just how quickly your automatic monthly savings can add up? Use our Future Value Calculator.

Where does your money go? Our Money Finder Calculator will help you understand where your hidden money is.