There are all kinds of expenses that can pop up for a family, from unexpected car repairs to a planned family vacation. That’s why family savings are so important. Having a savings account for the family doesn’t have to just be money that’s saved for emergencies either. It can be saved for special treats and big family purchases too! But how do you get started? Here are three tips for making saving as a family easy.

1) Make it Automatic

One of the easiest ways to get started with a family savings account is to arrange automatic deposits with every paycheque. Even a few dollars from each cheque can add up quickly in the course of a year and having that money continuing to grow each month will help motivate the family to add extra savings all year long. [Read more…]