Managing cash flow and saving for the future can be stressful, but it doesn’t need to be. Whether you're a current homeowner or looking to buy your first home, minor adjustments to spending habits can lead to significant savings over time.
Simple Tips for Homeowners
Your home is likely your biggest asset and mortgage refinance options can significantly reduce your borrowing expense. Savings from this can help you reach other goals, such as early retirement or that dream vacation you've always wanted to take.
Save money on your cable, telephone, and internet bill by reviewing your subscriptions and canceling or downsizing the ones you don’t need.
Reduce your heating and cooling bill by adjusting your thermostat when you're not home or sleeping. Better yet, install a programable thermostat so you don't have to think about it
Buying Your Dream Home
Whether you're buying a home for the first time, looking to upsize or downsize, or thinking about getting a camp, bi-weekly payments can reduce how much and how long you pay. Not only will you save money, but owning your home faster puts you in control.
Start by analyzing your spending. It can be a bit of a labour-intensive process but try categorizing and calculate you spending over the past 30 days. Adding up over $100 in to go coffees per month can help you assess what are needs vs. wants.
Cooking your meals at home can save hundreds of dollars a month. Take this to the next level by creating a meal plan and buying only the groceries you need every week.
Personal loans and credit cards can have high-interest rates. Start by trying to consolidate all of them into the lowest interest rate possible to save you money. If consolidation isn't an option, pay off loans with the highest interest rate first. Credit cards are likely the best place to start.
Contact us today to get in control of your expenses.