Mike, A Dad Who Is Constantly On The Go
Mike is a working man with a family. He makes $4500/month as an educator and has a busy family and social schedule. From taking the kids to music lessons and sports meets to visiting friends and family, to playing sports, Mike is often in his car driving from one place to another.
With a monthly transaction average of 50, Mike thought the plan was perfect for someone always on the go. It’s automatic and effortless and it really worked! Here’s how he saved over $5,000:
Chosen rounding increment per transaction: $10
Saves between $440 and $500 each month
At the end of one year Mike has saved $5,520.
How Mike allocated his savings:
Mike was able to pay off some credit card debt, make the winter holidays extra special for his family and put the balance of the money into an RESP to build interest and contribute towards his daughter’s university education.
More details on the Invest the Rest Savings Plan
