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How to save money

How to save money

Smart solutions for planning, budgeting, and saving more for your future


The benefits of saving go beyond your wallet

Saving money regularly has big benefits that go beyond your finances. Having a plan to start saving, or to save more every month, not only helps your financial situation, it improves your confidence and overall sense of well-being. A happy relationship with your money can make for a happier (and healthier) you.

How to start a saving plan

Create a budget

Every good savings plan starts with a budget. Figure out where your money goes every month calculating your income and expenses. Getting a handle on your money is key to feeling confident about your future.  

Try our budget calculator

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Set a goal

What do you want to save for? Larger goals, like a down-payment on a house, are important, but small, achievable short-term goals are important too.

Find out how much you need to save and how long it could take to reach a savings goal.

Savings goal calculator

Pay yourself

Making automated transfers to your savings account will help you build savings faster. Transferring a set amount every two weeks or every month takes your mind off of saving, and reduces the temptation to spend the money instead.

Transfer money between your Meridian accounts online

Save faster with pre-authorized contributions

Graph showing the power of contributing automatically over time

Money saving tips

Get creative about spending less. Once you dive into what you’re actually spending, you’ll find that there are lots of ways to cut back. Even little things like coffees, take-out lunches and other non-essentials can really add up.

Explore money saving tips

Helpful tools

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Financial Resilience Survey

Take a quick survey to get your financial resilience score and learn how you can improve.
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Saving goal calculator

Find out how much you need to save and how long it could take to reach a savings goal.

Saving vs. investing

Do I save or invest?

Your goals and timeline will help you determine the approach that makes sense for you.

What kind of investor are you?

How interest rates work

Investment options

A well diversified portfolio includes various types of investments, from GICs to mutual funds.

Mutual funds

Meridian Class A Shares

Guaranteed investment certificates

Expert advice

Your Meridian Financial Planner will work with you to define your goals and build a financial plan that works for you.

Meridian Wealth Management