Invest in yourself first.

No doubt you think that paying your monthly bills is an important financial commitment. And like many people, you may also consider savings or investments to be purely optional. However, if you can commit yourself to paying everyone else, you can make the same commitment to yourself. Set up a savings or investment plan and start making payments to it, just as you do for your other creditors.

Re-organize your finances and you may find the money you need.

Often, finding extra money for savings is as easy as reorganizing your budget. Managing your money a little differently, perhaps by consolidating your debts, can sometimes free up the extra money you need.

Consider tapping into your RRSPs.

RRSPs are a good way to secure your financial future while enjoying tax benefits today. Certain buyers may qualify for the government-approved CIBC RRSP Home Buyers Plan that allows you to use your RRSP savings toward the purchase of a home. If eligible, you and your spouse may withdraw up to $20,000 each from funds that have been in your RRSPs for at least 90 days. The funds aren't taxed as long as you repay the total amount to your RRSP over the next 15 years. Your payments don't have to start until the second year after the initial withdrawal.

Use GICS to help you save.

GICs offer you competitive rates of return and offer a safe,

Mutual funds.

Saving for a home doesn't mean you have to put your retirement planning on hold. Lower-risk savings mutual funds are great for achieving short term goals like saving for a downpayment, while other funds can offer higher returns for a longer-term investment.

For more information on home buying, mortgages or these unique government approved programs, contact CIBC at 1 800 465-2422 or visit their web site at www.cibc.com.

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