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![Let’s talk our favourite acronyms! RRSP](https://images.squarespace-cdn.com/content/v1/6091d90cc2fe7e0297432b13/1649820972673-QZ8L952ANRMHNHA1EFLS/RRSP+piggy+bank.jpg)
Let’s talk our favourite acronyms! RRSP
Registered Retirement Savings Plan (RRSP) - let’s cover the basics as to what it is, why you may or may not need it and how it helps you.
![Investing vs Saving](https://images.squarespace-cdn.com/content/v1/6091d90cc2fe7e0297432b13/1647485239298-FOWZBSBT0VRNGPUUNH9I/unsplash-image-TBHOuN6URGU.jpg)
Investing vs Saving
Investing vs Savings
Should you be investing or saving? Should you do both at the same time or just one? Short answer: you should be doing both as there is a time and a place for both!
![The Effect of Time](https://images.squarespace-cdn.com/content/v1/6091d90cc2fe7e0297432b13/1645159027969-LQCIT5SXNDBDU0WMJI8M/Time+and+Money.jpg)
The Effect of Time
An important thing to keep in mind when planning for your financial future is the effect of time.
If you start investing now rather than waiting a decade or 2 can help you significantly in the long run. Evaluating two different scenarios, one with a retirement goal and the second with a monthly investment goal.