The start of a new year is the perfect time to set financial goals, revisit your savings strategy and plan for the future. It could be challenging to find a balance between keeping money in your wallet today to lead the lifestyle you enjoy and also saving for your future. But it doesn’t have to be.There are many considerations when determining the savings plan that’s right for you: one option is a Retirement Savings Plan (RSP). Don’t forget: the deadline for making RSP contributions for the 2012 tax year is March 1, 2013 - just around the corner!Here are some ways to help you get started on building your retirement nest egg – or help with your current investments:• Make sure you have a plan. Know what your goals are and determine what financial steps are needed to get there. An experienced financial advisor can help you build a custom plan suited for your personal situation as well as help you manage it.• Contribute regularly. Monthly contributions can help you reach your total annual contribution goal. Investigate taking advantage of payroll deductions for your RSP if offered your employer.• If short of funds, consider a loan for your RSP contributions. The tax-deferred compound growth on your investments could potentially outweigh the interest costs.• Be mindful of the limits. Review your Notice of Assessment statement provided the Canada Revenue Agency to check the maximum you can contribute to your RSP. You will pay a penalty if you over-contribute.• Evaluate your investment portfolio regularly. Analyze your asset allocation and assess if it’s appropriate for your required return, time horizon and risk tolerance, as well as if you’re on track to meet your goals.Alternatives to RSPsThough RSPs are a great way to start saving for your retirement, it’s also important to ensure that you carefully weigh all the alternatives and find the right mix of investments tools that will help you achieve your short, medium and long-term goals.Some other options for working towards a financially-secure future include paying down your debt or mortgage, contributing to a Tax-Free Savings Account (TFSA), a Registered Education Savings Plan (RESP) for your children’s education, or other investments (such as mutual funds or equities).