With school out and everyone getting ready for their vacation, here are 10 ways for you to save money this summer. Save for your vacation. Like anything else, saving in advance instead of using credit will save you money by earning interest instead of paying interest. Check out websites such as Expedia and Sell Off…
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Category Archives: Saving
Pay Yourself First
You’ve probably heard this phrase before, Pay Yourself First. This is likely the easiest way to save money. Many people say they’ll save whatever money is left over at the end of the month. The problem with that is the temptation to spend on “must have” items. Then at the end of the month, there…
Use Your Raise To Increase Your Savings
A common reason given for not saving or investing is that there is no available money after all the bills and expenses are paid. By simply increasing your savings by the amount of your raises, you can quickly build up a nest egg without noticing any change in your lifestyle or spending habits. Since your…
Scotiabank’s Bank The Rest Savings Program
Scotiabank has a unique savings program, called Bank The Rest, that rounds up your purchase to your choice of either the nearest $1 or $5. The extra amount is automatically transferred to a savings account for you. While this might sound like an easy way to save, the total savings may not be that much….
10 Money Saving Tips
I’m sure these days most people are looking for ways to save money. Here are a few money saving tips that have helped me and hopefully you can benefit from doing these as well. Don’t pay an annual credit card fee. There are many cards that don’t have fees and still include the extras like…
Investing Your Charitable Donations Credit
I was asked a question about my charitable donations post from last week. The question was, instead of the $200 in my example, what if he donated say $1,000 a year… would he be better off getting the credit each year and investing it? For starters, lets break down the tax credit he would receive, each…
TFSA – Tax Free Savings Account
I’ve had a few people ask about the Tax Free Savings Account, or TFSA. Some get the wrong idea because of the term “savings account”. While you can hold a savings account in the TFSA, you could also use it for stocks, mutual funds, bonds, GICs, etc. The TFSA is basically a shell similar to…
