Sunday October the 22nd, 2017 

TEAMJONAMANTE: *Jon*Sylvia*Mehdi*Cliff*Neil  *Sales Representatives

REMAX Realtron Realty Inc. Brokerage

Independently owned and operated

2815 Bathhurst Street, Toronto ON, M6B 3A4

Direct: 416-543-8852

Office: 416-782-8882

Toll Free Fax: 1-866-513-2193

Fax: 416-782-3329

Some Tips on How to Save Your Money

January 2, 2013 - Updated: January 2, 2013

Sharing some tips we picked up from a recent article by Adam Mayers in the Toronto Star on how you can save your money:

 

  • The 24-hour Rule:  Fight impulse buyng by waiting 24 hours before you go ahead and purchase something.  If you still want that red dress tomorrow - go back and buy it.
  • Bundling:  "Bundling services gives the service provider more business in return for a better deal for you".  This will apply to banks (if you have RRSPs, RESPs, investments - the bank will want your business and you can negotiate for better fees and rates) & cable and internet.
  • Pay bills on time:  Paying late fees is a waste and most people end up paying them for lack of planning and management. For example, a late fee for a $3,000 credit card balance at 19% will amount to $50.00. Do pre-authorized payments for utlility bills.
  • Shop with a list:  Grocery stores are savvy marketers.  They know the average shopper is female, 5'5 in height and often bring kids.  Why do you think why cereal is placed at a 7-year old's eye level.
  • Weekly mortgage:  You get four extra payments a year that go to the principal amount owed, reducing your amortization period and interest paid on the life of a mortgage.  Better yet, if you can afford it, double up on your mortgage payments when you can.

 

More tips on the article. 

 

Remember, sound financial management is a good goal to include in your 2013 new year's resolution.  Hope this helps.

 

Cheers!


Tagged with: real estate gta resolutions finances saving
| | Share

Leave a comment...

Please enter the numbers found on the right.

Home  |  Top  |  Printer Friendly  |  +Bookmark  |  Privacy Policy
Powered by Lone Wolf Real Estate Technologies (CMS6)