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Money Saving Tips

Save Money To Achieve Your Life Goals

I can’t emphasize enough the importance of creating savings goals. Although I’ve written about this before, I thought I would jog your memory and have you think hard about what you want to achieve during your lifetime. Once you’ve determined your life goals, the next step is to decide how soon you’d like to reach each goal, as well as how much money you are going to put aside each paycheck in order to achieve each goal.

To get you started, I am going to list examples of life goals that many people aim for. Choose the ones that are most important to you and then we can move on to the next step. Be creative. There are so many things you can achieve with your unique gifts and talents.

January 30, 2010

Money Saving Tips

Some Great Ideas On How To Save Money On Flowers For Your Wedding

Weddings are very expensive occasions, and saving money becomes a challenge. As you look at dresses and decorations, churches and dance halls the dollar signs get larger and larger. Everyone wants to find ways to save a bit of money without cutting too many corners on their wedding. Flowers are one way you can change the amount you will have to spend without sacrificing the beauty.

Some people go to extremes with trying to save money by opting for no flowers at all. If you aren’t ready for that big of a sacrifice there are other options to save money. A new trend is to have a single flower instead of a traditional bouquet. Having only one flower does have a bit of romance especially when the bride carries a calla lily which is a very elegant flower. If it is hard for the bride to give up the full bouquet a single flower could be given to each bridesmaid.

January 28, 2010

Money Saving Tips

Save Your Loose Change – It Really Does Add Up!

Believe it or not, your loose change adds up pretty quickly if you make a habit of emptying your wallet or purse once a week and putting it in a jar. After a few months, if you count it, you will discover enough money to treat yourself to a dinner out with your family, or maybe it will help you pay for a minor car or home repair. Whatever you use it for, you will be surprised at how much you will accumulate. This is especially the case for Canadians where we have one dollar and two dollar coins. It doesn’t take much change to add up to to $20 or $30.

By keeping it in a jar at home, you will be less likely to spend your loose change on frivolous things like useless items at dollar stores, junk food at vending machines, or whatever other temptations you have. For me, my weakness is potato chips. If I know that I have enough change in my purse to buy chips, I will often squander my money by paying an outrageous price for a small bag of chips. By keeping my loose change at home, not only do I save money, I also eat a lot healthier.

January 16, 2010

Money Saving Tips

How To Save Money On Your Mortgage

For most people, purchasing a home is one of the biggest investments they will ever make. Buying a house or apartment usually involves a lot of money, especially if it is mortgaged. The key to saving money on your mortgage lies in getting the best available one for yourself. Although that may sound like an obvious solution, essentially it is about utilizing available avenues that will help you save quite a lot of money, especially if you make your monthly payments on time. While everyone wants to pay off their mortgage as soon as possible, it requires considerable amount of planning to transform wishes into reality.

There are several methods to help you save money on your mortgage:

Seller financing: This allows you to pay the amount directly to the seller over a period of time, rather than borrowing money and paying all of it at once. It enables you to negotiate a better rate of interest, and avoid the numerous administrative fees charged by lending institutions. Moreover, it saves you from the frightful mortgage insurance. It also provides you with a secure source of income and returns, without having to pay capital gains tax. The seller holds the house as a collateral that can be taken back, if the buyer defaults.

Debt Consolidation: When you reimburse your mortgage, you often pay off a number of unsecured debts such as credit cards, charge cards, personal loans and the like. The rates of interest on home loans are relatively lower than those on unsecured debts. Therefore, debt consolidation would help you to bring down your monthly payments. In other words, you would be paying an interest rate that applies to home loans on all your unsecured debts.

January 14, 2010

Money Saving Tips

Buy Your Own Specialty Coffee & Hot Chocolate

buy and mix your own specialty coffee and hot chocolate While I was doing my regular grocery shopping this morning, I decided to treat myself and buy some Tim Horton’s English Toffee Cappuccino. Rather than spend a couple of dollars on just one cup at Timmy’s, I thought I would make my money go further and buy a whole container. So, for $7.00 I bought a Tim Horton’s cappuccino mix, so now I can make at least 20 cups of cappuccino instead of getting just 2 or 3 at the drive thru.

This works for Starbuck’s fans, too. If you really like Starbucks coffee or hot chocolate, you can buy their mixes and coffee beans at most grocery stores as well as at Starbuck’s locations. Although some people find it more convenient to pay the extra money and pick up a coffee on the way to work, I find it far more convenient to be able to make my own at home. There are no lineups to worry about and if I want to bring it to work, I just bring my thermos.

Why not make your money go further by purchasing your own specialty coffees and hot chocolates? You can enjoy high quality, great tasting coffees for a lot less than you think!

December 28, 2009

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