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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.

February 15, 2011

Money Saving Tips

A Way To Get Rid Of Your Mortgage Payments

There are all kinds of people out there in the world. I recently came across a website about people who got sick and tired of paying off big mortgages, so instead, they decided to live in a tiny house and pay for their home in cash.

These folks may have a number of reasons for living in a tiny home called a Tumbleweed Tiny House. Some are concerned about the environmental impacts of having larger homes; others just don’t need a lot of space, while others are mostly just glad to be rid of their mortgages.

February 1, 2011

Money Saving Tips

Stop Wasting Your Money On Lottery Tickets

Too many Canadians are wasting at least $2 every week by buying lottery tickets. Although it is true that a lucky few do win big, most folks might get a free ticket once in a while, or win a minimal amount of money to keep them hooked.

If everyone who was in the habit of buying lottery tickets regularly decided to save their $2 every week instead, this would mean that they could save $104 per year. Now over one year that doesn’t’ sound like much, but over 10 years that is a savings of $1040, not to mention interest or growth earned from the amount saved.

January 30, 2011

Money Saving Tips

How Far Are You From Reaching Your Savings Goals?

Are you saving for something specific right now? Do you have any upcoming vacation plans or are you saving to buy a newer vehicle within the next couple of years? Whatever your savings goals might be, there is a really great tool called the Basic Savings Calculator that can help you determine how attainable your goals are.

Simply enter your information into the fields and you will get a basic idea as to how long it will take you to achieve your specific goal and how much you need to save. Every once in a while, use this calculator to do a quick “check up” to see how you are doing.

January 26, 2011

Money Saving Tips

Do Not Waste Your Money Drinking Bottled Water

Some people spend a tremendous amount of money every month on bottled water. While at work they use the vending machine and pay anywhere from one to two dollars for a bottle If you are one of those folks who enjoy drinking bottled water throughout the day, I highly recommend saving your hard-earned money and investing in a Brita Filter container instead. The Brita filter will help get the chlorine taste out of tap water. It will taste virtually the same as bottled water and the filters will last a long time.

Bringing a stainless-steel water bottle to work and refilling it with Brita filtered water is the simplest way to save you money every month. If you are in the habit of buying one water bottle at work everyday for $1.50, you are spending approximately $390 per year!

January 24, 2011

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