TRENDING  CHOOSING A LOAN AGENCY OR LENDER    

TRENDING  CHOOSING A LOAN AGENCY OR LENDER    


04.14.2020 / Lifestyles « Back to all articles

Signs You’re Wasting Money (Without Knowing It)
Canada Dollars

Where Did it All Go? 

It is truly fascinating how long it can take someone to realize that they are a spender.  Most folks consider themselves responsible and good with their money. But knowing what to do, is not the same as actually doing it.  Maybe a person knows what they ought to do, but since there has been no crisis, they see no reason to compromise a comfortable lifestyle for some widely known rules.  But wasting money can keep anyone from their goal of financial freedom.  In addition, it can set them up for stressful scenarios when there is an emergency.  If any of these situations sound familiar, it may be time for a change. 

 

Zero Every Month 

If a chequing account is going to zero every pay period, or at least often enough that it is not a surprise anymore, overspending may be the culprit.  Even if it is difficult to see where the money is going, if there is nothing left every two weeks, this may be a wake-up call to acknowledge spending habits.  For those who keep dipping into savings or relying on credit cards to pick up the slack, this dangerous habit can quickly spiral out of control.   

 

Subscription Affliction 

How many subscriptions are active each month?  This includes streaming television, music, monthly delivery services and even gym memberships.  If it is difficult to make a list of everything that auto-pays from your account every month, then odds are every subscription is not being used to its utmost potential.  If a product or service has not been used in months, consider if you should spend money on it.   

 

New & Name Brand 

New is nice, but in some cases, a gently used alternative is a good solution.  Think of cars, for example – is there any reason to ever buy a brand-new car?  It loses its value almost immediately.  Instead, consider a vehicle that is a couple of years old, but still looks newer and is in good condition. 

When shopping online, try going for the used product instead of automatically accepting the full price for new items.  The same goes for name-brand products at the grocery store.  Those nickels and dimes can add up to real savings over time.  

 

The Fridge Is Full 

This is an interesting sign of wasted money.  If the refrigerator is constantly crowded and cluttered or there are groceries that regularly end up in the trash, stop buying so much food.  Re-evaluate what is needed and make a list before going to the grocery store.  Don’t buy more food than is needed for the week.  Spoiled or unused food equals wasted money. 

 

05.26.2020 / Safety

How Small Businesses Can Recover From the Pandemic
How Small Businesses Can Recover From the Pandemic  The impact of the COVID-19 pandemic could linger for months, if…

Need a
Loan?

Loans from $120 to $15,000. Get funded as soon as today!

04.14.2020 / Lifestyles « Back to all articles

Signs You’re Wasting Money (Without Knowing It)
Canada Dollars

Where Did it All Go? 

It is truly fascinating how long it can take someone to realize that they are a spender.  Most folks consider themselves responsible and good with their money. But knowing what to do, is not the same as actually doing it.  Maybe a person knows what they ought to do, but since there has been no crisis, they see no reason to compromise a comfortable lifestyle for some widely known rules.  But wasting money can keep anyone from their goal of financial freedom.  In addition, it can set them up for stressful scenarios when there is an emergency.  If any of these situations sound familiar, it may be time for a change. 

 

Zero Every Month 

If a chequing account is going to zero every pay period, or at least often enough that it is not a surprise anymore, overspending may be the culprit.  Even if it is difficult to see where the money is going, if there is nothing left every two weeks, this may be a wake-up call to acknowledge spending habits.  For those who keep dipping into savings or relying on credit cards to pick up the slack, this dangerous habit can quickly spiral out of control.   

 

Subscription Affliction 

How many subscriptions are active each month?  This includes streaming television, music, monthly delivery services and even gym memberships.  If it is difficult to make a list of everything that auto-pays from your account every month, then odds are every subscription is not being used to its utmost potential.  If a product or service has not been used in months, consider if you should spend money on it.   

 

New & Name Brand 

New is nice, but in some cases, a gently used alternative is a good solution.  Think of cars, for example – is there any reason to ever buy a brand-new car?  It loses its value almost immediately.  Instead, consider a vehicle that is a couple of years old, but still looks newer and is in good condition. 

When shopping online, try going for the used product instead of automatically accepting the full price for new items.  The same goes for name-brand products at the grocery store.  Those nickels and dimes can add up to real savings over time.  

 

The Fridge Is Full 

This is an interesting sign of wasted money.  If the refrigerator is constantly crowded and cluttered or there are groceries that regularly end up in the trash, stop buying so much food.  Re-evaluate what is needed and make a list before going to the grocery store.  Don’t buy more food than is needed for the week.  Spoiled or unused food equals wasted money. 

 

Need a
Loan?

Loans from $120 to $15,000. Get funded as soon as today!

05.26.2020 / Safety

How Small Businesses Can Recover From the Pandemic
How Small Businesses Can Recover From the Pandemic  The impact of the COVID-19 pandemic could linger for months, if…