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6 Aug

Published by DLC Marketing Team

General

Posted by: Jenny Tse

Build Financial Confidence Through Self-Empowerment.

The blueprint for financial freedom needs rewriting, and we have an opportunity to completely rethink success – like measuring wealth not just in dollars, but also in financial confidence. But what does financial confidence look like? It’s a feeling of having a sense of control of your financial situation, and one that gives you a much stronger chance of fulfilling the goals that matter to you. It also means being prepared for the future. So where does it start?

One of the best things you can do for your financial confidence – and your financial future – is to develop consistent savings habits. The EQ Bank Savings Plus Account offers 1.25%* interest every day with zero fees, no minimum deposits or balance, and unlimited transactions and Interac e-Transfers®. And you can even divide your money up into different categories, or buckets, while still earning high interest on each of them.

Here’s how it works: if you have multiple savings goals, like bulking up an emergency fund, saving for a vacation, and maintaining a foodie fund, you can set up an automatic transfer that deposits a set amount into each of your accounts. But it means sticking to your budgets for each bucket.

Any learning process means practice makes perfect, so make peace with that fact that when it comes to figuring out your savings goals and budgets, you’re going to make mistakes. See them for what they are (life lessons!), rejig, and try again. When it comes to building your budget, stnce is here for you. If you subscribe on stnce.ca, you’ll get immediate access to stnce’s free budgeting tool

EQ Bank – a digital bank launched by Equitable Bank – has set out to accomplish just that with stnce, their financial confidence initiative aimed inclusively at all Canadians. What began as an internal program designed for Equitable Bank employees has grown into a grassroots movement with a mission to inspire others to confidently take control of their money.