To avoid the crescendo effect of needing a vacation and making your RRSP contributions at the same time next year, save toward both monthly, Lesley-Anne Scorgie writes. So, make your RRSPs a top priority, and plan, and pay for, your vacation later in the spring — like in April or May. Dial your vacation budget back by 30 to 40 per cent: Taking a five-star, versus a three-star, holiday doesn’t mean you get a better vacation. Use up your points for both: Did you know that you can cash in credit-card points for RRSPs too? For your RRSPs, this is simple; time a regular contribution into your RRSPs on payday, such as $100 per pay.

Source: thestar February 11, 2019 13:52 UTC