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Money Saving Tips

Money Saving Tips

RRSP Season Is All Year Round

Although the official deadline has passed now to be able to use your RRSP contributions for the 2010 tax year, it doesn’t mean that RRSP season is over.  In fact, it is better to contribute to your RRSP all year round than wait until the last possible minute to put a lump sum into it.

This year I challenge you to set up automatic payments into your RRSP every time you get paid.  That way you will not have to burden yourself with coming up with a lump sum every year.  If you discover that you still want to put in more, then you can top up your contributions before the deadline, but the lump sum will be far less of a burden.

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Money Saving Tips

How Much Does It Cost To Attend University?

If you are considering furthering your education or your child plans on attending university, it’s a good idea to check out the University Cost Calculator to find out how much you can expect to pay for tuition, etc.

The calculator provides information for many universities across Canada and gives specific information for various faculties.  It will give you an estimate of the cost for the entire program.  Some faculties may not be listed, as Statistics Canada could not get accurate cost information for all faculties.

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Money Saving Tips

Clean Out Your Clothes Closet And Save Money

If you want to make some extra space in your clothes closet this summer, try this simple trick.  Switch around all your hangers in your closet.  Every time you wear an item, make sure to flip the hanger back around.  Within about a month or so, go through your closet and remove any items that still haven’t been flipped around.  This is a very easy way to figure out what items of clothing you really do wear.

Any items that you haven’t worn in the past 30 days are more than likely items that are wasting space in your closet.  Put them in a box and bring them to your local thrift store.  There is no point in keeping a bunch of clothes around that you are not wearing.

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Money Saving Tips

Save Money On Office Space

One of the biggest hurdles for any business venture can be the thorny subject of
office space. As well as being a substantial cost, finding the right location and size
of office can also be problematical.

However, internet technology is allowing business owners to cut their costs
thanks to the ability to carry out office space comparison in much the same way
as comparing deals on broadband or mobile phones.

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Money Saving Tips

How A Green Mortgage Can Help You Save Money

I received a great tip from a reader recently about green mortgages.  If this concept is new to you (as it was to me) you are probably wondering what a green mortgage actually is.

To put it simply, a green mortgage is when you borrow money to make upgrades on your home in order to make it more energy efficient and environmentally friendly.  You get to borrow the money as part of your mortgage so you can make one single payment instead of two.  And, as mortgages usually have lower interest rates than other types of loans, you will be able to borrow at a fairly low interest rate.

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