Category Archives: Everyday Ways To Save

Where Should You Really Cut Back on Your Budget?

We post a lot of material about budgeting and more. There’s a lot out there. But, we think this post will really hit that sweet spot. This is literally going to explain what you have to do to feel comfortable and satisfied on a budget. You don’t have to cut out every single one of those things you like and then feel miserable. This is one of the reasons why so many budgets fail. Too much traditional savings advice focuses too strictly on removing all of the things an individual might love! Why not consider what motivates you as a way to cut your budget. Now, this works, and it has been proven. When you cut your budget to save for future things you have been long for, you have a reason for slashing your budget.

Just keep in mind that if you always feel deprived or dissatisfied due to your current budget model it isn’t going to last. There’s no way you can stick to something that makes you feel miserable all the time. However, if you look to the future and think of those things that really mean a lot to you, but which require cutting your budget you will do so. Let’s take this a bit further and dig in.

You Can Live Happy on a Budget

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You can definitely live healthy and happy on a budget, there’s no reason why you can’t. You can still spend on things you enjoy too–there’s no reason to go without those, as long as you stick to a conservative budget. We all should do this and then there might be more personality when we venture out in public! You know what we mean. Those sour faces and poor personalities are often due to financial issues and budget concerns. The tips we are going to share with you now should change that.

What do you spend weekly on food? Consider a food budget!

12.5% of a budget often goes to food, but you can shave back here. Even if you choose to eat healthier, you can shop smarter. It’s important to establish a weekly spending amount on your consumables. Remember the rule: waste not want not–and this is more true than what you might think. There is too much wasteful spending at the grocery and specialty store.

Trim back on your energy costs and try to integrate green living habits!

Energy saving practices can ensure you and your family save a lot of money. Leaving lights on, not turning the faucet off properly, leaks in windows, long showers–all of these and more can impact your energy bill and cost quite a substantial amount annually. The Department of Energy states that simply unplugging devices that aren’t in constant use can potentially lower your energy costs by 10%. Getting into a habit of lowering your energy costs by being more responsible and carrying out home improvements can really add up in savings annually, versus losing money annually.

Cut back on luxury items you just never need or forget about

We’ve all done it, especially women…you’re out shopping and you see a new facial cleanser, or age complex lotion, or a perfume and immediately want it.  However, you end up not liking it and rarely using it. This is a waste. The best bet is to stick with those things you know you like, or at the very least, sample a product before buying it. If you can cut back in this category alone you can really save a lot of cash.

 Do your own housekeeping and weekly tasks on your own
Instead of going through the automated car wash that can cost upwards of $10 and more–wash your own car. You can put on the armor all yourself, though it might take more time, it gives you exercise too! We’ve become to dependent on convenience, and it costs us more than just unnecessary spending. Clean your own house, learn home improvement and more. You’ll be amazed at the extra funds you’ll have the end of the year!

Time to Start Planning Savings Resolutions in 2017

 

Planning savings resolutions might strike fear in some Canadian households, but it really can be easier than you think! If you’re really going to be successful this time around you have to look at how you’ve managed years in the past too! Find your mistakes and don’t make them again. Pinpoint your weaknesses and do everything you can to avoid them. For example, if you crave dinner out 1 time a week, start making plans to slash that to every other week. At least for awhile. Another thing that smart Canadians can do is connect with other Canadians who are financially conscious. Surrounding yourself with those people who have similar goals is just smart.

Furthermore, we want to stress how significant committing to a specific goal really is. For example, if you decide that there will be a no spending day then you have to stick to a resolution like that no matter how difficult it feels. You can still find a ton of entertainment that is free, and have just as much fun too! However, you don’t want to be so restrictive you feel suffocated. This is something that you’ll find mentioned in many financial blogs across the internet and it is very true.

 

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Setting Goals and Sticking to Resolutions

When it comes to your financial goals the first thing you have to do (if we haven’t already mentioned) is to identify them. If you haven’t pinpointed these then it’s time to do so. Identifying a clear goal will motivate you to meet it. You also have to create a plan to resolve difficulties. If you’ve been struggling to meet the same goal every year–develop a new strategy. Sometimes consolidating debt might be an option that works best. Every situation is different, so just weigh the odds. But, don’t ever just give up and say: “next year we will do it.”

We aren’t going to give you the same things other websites do. Here, you’re going to find some unique ways you can start meeting your 2017 goals, so let’s get started. We feel certain you’re already well aware of the importance of staying on budget and cutting back, right?

Consider boosting your 401k retirement savings–Because it just makes sense, right? You better bet it does, and when it comes down to retiring you’ll have more than what most do, all due to smart thinking and pre-planning! The goal should be to contribute at least 3% but better at 6%.

Don’t join a gym, just use what’s available–When you think you need a gym, you’re just looking for excuses to not exercise. Use what is all around you to get that workout in and you’ll find it to be just as good, or even better.

Cut back on bad spending–Forget about McDonald’s and Starbucks, you don’t need it. Focus on trying to live healthier and you’ll save a lot more!

Remember, just small changes will help you get on track. Begin with a plan of action you can accept and will stick with and take it from there. It’s all about progressing to your final goal and achieving life satisfaction.

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Simple Steps For Surviving The Holiday Season

This is one of the most expensive times of the year and for so many it really hits the wallet hard. For those who don’t have as much as others–the anxiety and stress can be overwhelming. Just remember, the holidays aren’t always about gift giving. Money shouldn’t be an issue. The following tips can make a dramatic difference for Canadians this holiday season. If anything, many can find more comfort and peace rather than feel the burden of trying to gift give. So let’s take a look at some of these now and really start enjoying the season as we should!

Holiday Tips for Alleviating Financial Stress

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  1.  Don’t purchase new clothes every holiday season, it is just a waste. Instead, go to a second hand shop where you can find gently worn name brand clothing at more affordable prices. Also, make sure you can carry what you purchase over into the year. You don’t want something you can only wear once.
  2. Pick and choose the holiday events you plan to attend. It is just unrealistic to think you can go to every party and corporate get together. That costs quite a bit. List what events matter most to you and choose only a select few from that list. In this respect you’ll walk away with a little money left in your pocket.
  3. Make a list of who you have to purchase gifts for. After that, start thinking about a budget, but think about an original gift idea too. You don’t have to spend a fortune to make someone happy. Think about what they enjoy the most then go from there.
  4. Stick to a budget and don’t waver. Don’t suddenly decide to buy an item not on your list just because you have the extra bills on hand to do so. Stay focused and always think practical too.
  5. Make sure that your friends and family’s expectations of you are also realistic. Be honest and tell your loved ones what you can afford and what you’d like to do within a budget. Even if they think you’re a Grinch, stick to your plans. Those who love you will appreciate your honesty and will be thankful for whatever you are willing (or can) give.
  6. Shop for deals and don’t be afraid to ask for bargains from vendors! This time of the year is one of the best for deep discounts. If you can get a lower rate on an item don’t be afraid to go for it!
  7. All in all make sure you relax and enjoy the holidays with those that matter the most to you!

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After the holidays are over you’ll be able to look back with good memories and more relaxation too! You can avoid that holiday madness and still have a beautiful Christmas season with friends and family close.

Cyber Monday is Here

Cyber Monday is finally here and we thought we would help shoppers out just a bit. The bottom line here is to save money, right? Cyber Monday is right next to Black Friday and it was established so no shoppers would feel left out. Now, you are supposed to be choosy! Don’t fall into every deal you see until you compare it. Canadians shouldn’t impulse shop just because a cyber deal looks too good to be true! Visit other sites and see if there is better savings.

Some Canadians are just getting off work and coming online to do some shopping, so of course, they might be in more of a hurry since it is late in the afternoon. However, we encourage Canadian shoppers to take their time and really consider their wants and needs. This is supposed to be a way to get gifts for loved ones at a bargain too–let’s not forget that!

So, allow our below shopping tips help you out this marvelous Cyber Monday! You can avoid those consumer traps and come away with some real steals. Let’s take a look.

Cyber Monday is All About Consumer Savings–Pay Attention!

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  1.  Begin your cyber Monday shopping by using Google! Check out where the best cyber deals are online! Also, remember, shopping online within Canada will save on International shipping rates, which is quite significant. So, be smart and don’t just pop on a site and spend. Pay attention!
  2. This Cyber Monday page will help you find the best sites to go to for raking in the savings! Yes, we took the hard-work out of your hands and did a little bit of digging on our own. You can still do some shopping research yourself, but we guarantee you the above online shops offer some sweet cyber discounts.
  3. In order to protect yourself and your online purchases make sure to print off your receipts and save them if there is a problem. This eliminates a lot of the hassle that often occurs with online shopping transactions. So, now that you have that peace of mind, you can shop with ease!
  4. Do a daily search and start cyber shopping early. Of course you can’t make purchases early but you’ll know exactly what you’re looking for when the fun begins!
  5. Just as with traditional shopping, always read the fine print! Many Canadian shoppers get a little check out shock online! Know what’s on sale and what items are going to have the best discounts. Don’t fall for the buy one get one free if it really isn’t a savings at all. It’s important to do your research and always, ALWAYS read that fine print.

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8 Expert Ways Canadians Can Stretch Their Money

How far can Canadians stretch their money today? Seriously–how far can that one paycheck take you? Unfortunately it isn’t very far for most Canadian families. Economics are definitely upside down across Canada and even more so within the US. The goal is discovering how you can stretch your money without feeling restricted doing so. It might sound difficult, but really–it’s not. You have to develop the right attitude and mindset regarding your money. We do understand if you’re already on a shoestring budget this can feel almost impossible. However, there is always a way for those who are intent on improving their financial lives!

We don’t recommend accepting payday loans, or taking out any kind of high interest loan to make ends meet either. You have to be smarter than this. If you’re in a situation where you know you can pay a payday loan back in full, that’s fine. But, don’t ever take one of these out and get trapped. Too many Canadian families do this and find themselves renewing it week after week–or pay period after pay period.

Expert Tips To Guarantee Canadians Stretch Their Money

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Let’s get right to it and help families begin to feel more comfortable about their finances. Remember, it’s all about that mindset!

  • Make a rule to not spend a specific kind of currency! Whether this be $1 dollar bills or $5 dollar bills, start putting these aside each and every time you have them. You’ll feel satisfaction watching that nest egg grow
  • Have you ever considered making your very own cleaning supplies? We all know how expensive these have become through the years, right? Well, if you make your own–Canadians stretch their money in unbelievable ways like this!
  • Put your children on a budget, and don’t buy everything your children want either. This will teach them good money habits as they get older. If you do otherwise you’ll be sitting up your kids for ultimate failure.
  • Write absolutely everything you spend down, it absolutely helps you keep track of where your money goes. This kind of habit can also help you reign in unnecessary spending.
  • Stop eating out every week! Begin planning meals at home ahead of time, and do the prep at the beginning of the week so it keeps everything simple. This way you don’t have the excuse there is nothing for dinner!
  • Plan a weekly budget and stick to it. If you don’t allow for extra spending, then don’t spend. If you’re on a goal oriented plan, give yourself incentive to not be persuaded.

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Following these simple tips can help you learn how to stretch your Canadian dollars further and feel good doing so. As we’ve said before, it isn’t hard to save or put more of your money to good use when you have the right plan in place.