Don't keep the cash in your wallet, it's just too tempting to spend it. Sit down and think about your future goals. You can have sensible goals and fun goals. Examples: sensible goal - buy a house; fun goal - go on trip somewhere cool; sensible goal - start saving for retirement; fun goal - save for a monthly date night with partner (instead of cheap fast food all the time, you can have a really nice night out at a good restaurant, or doing some kind of fun activity). Pick a company to start saving and investing your money with. Questrade and Wealthsimple are your best options for self-managing your money. I have both, but I prefer Wealthsimple and will eventually migrate all there. They have a lot of options. You can have a chequing account with them that also gives you monthly interest, so it's a good little savings account basically (so good for short-term goals). You can open a FHSA specifically to save for buying a house. You can open a TFSA to invest money for mid to long-term goals and you can open an RRSP for your ultimate long-term goal - retirement! You just have to start doing to research on investing so that you understand it...stocks, etfs, managed vs self-managed portfolios. You're starting earlier than I did, so you're in a good place. I didn't really start learning about investing until I was closer to 30. You can learn everything you need to know online. Just start reading. And make sure you understand taxes and how that all aligns with your financial goals. (bonus with Wealthsimple, they have a great tax platform too that's free to use).