How to automate your saving and investing

Guides for Canadian on how to automate their savings and investing without paying fees and taxes

Before following these steps below, you will need to open, a Tangerine Account, WealthSimple Account, and Mint. They’re all free services that will give you a headstart on savings right away and making the money work for you without having to pay taxes.

Things that you need to do first:

• Open Tangerine Account. Click here for How to open Tangerine Account
• Open Wealthsimple TFSA Account (You can open RRSP as well)
  Click here for How to open Wealthsimple 
• Sign up for Mint Financial Tracking App

Overview of How it works

Once you have a Tangerine, Wealthsimple, and Mint account all active, follow these 4 simple steps to connect them all together.

Connect Tangerine to Wealthsimple TFSA

Fund your Account

You can setup Automatic Funding or Manual Funding. I highly recommend to setup automatic funding bi-weekly for as little as $5.

Activate Round up

This is the core of this whole process. Invest your change! Wealthsimple round-up your purchase to the nearest dollar and invests it in a smart portfolio. Learn more…

Connect Tangerine and Wealthsimple to Mint

I like to see all my transactions in one basket. Mint is a good app to track all of your finances. Please check my post on How to use Mint at https://diversepreneur.com/how-to-track-your-financial-in-real-time-using-mint/

How to setup and Use Mint account Video Tutorial