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How to $ave Your Money

 Save Money on Your Mortgage

Save Money on Car Repairs

Save Money on Gas

Various Ways to Save Your Money
Save Money Around the House

Save Money at the Grocery Store

Save Money on Your Energy Bill

Save Money on Entertainment

 

 

Maintain A Proper Perspective About Money

“Do not store up for yourselves treasures on earth, where moth and decay destroy, and thieves break in and steal. But store up treasures in heaven, where neither moth nor decay destroys, nor thieves break in and steal. For where your treasure is, there also will your heart be.” Matt 6:19-21

“What profit is there for one to gain the whole world and forfeit his life?” Mark 8:36

 

 

 

 

 

 

 

Save Money on Your Mortgage:

You will make at least 300 payments on a 25 year mortgage.  That being said, you can ideally reduce the number of payments in your mortgage.  You do this by making extra payments.

When you make a payment, you are paying on both the principal (what you owe) and the interest (what the bank charges you).  On some mortgages, you are allowed to make an extra payment each month or year which can be applied directly to the principle.

Now lets say your mortgage payment is $1000 a month. At the beginning of your mortgage, you are probably paying mostly on the interest. So lets take a hypothetical situation: On your new mortgage, you make a payment and $650 goes to interest while $350 goes to the principle. Here you are paying $350 towards your mortgage.  Now, lets say you make an extra payment of $350 that month. This is applied directly to the principle. You now have 298 payments left. You have now decreased the length of your mortgage and have saved the $650 you would have paid if you hadn't done this! straightforward isn't it?

Your building equity quicker and paying down your mortgage much sooner?  You'd save thousands of dollars!

Keep in mind that as you are making payments, the amount applied to your mortgage principle increases - that's a good thing! It would make sense even to borrow money to do this.

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Save Money on Car Repairs:

Here's a simple way to save money on car repairs: Before you go the garage to have your car serviced, get a free estimate for the repairs to find out what it will cost and get an itemized list of the parts you will need.  Instead of relying on the garage or service centre to get the parts, you go to the parts wholesaler yourself and pick up the parts.

You'll end up paying way less for the parts because of the of mark-up at the service centre.

Before the garage starts the repairs, ask them what their hourly rate is and specifically, how long it will take to carry out the repairs. I do this and save myself hundreds of dollars on a major repair!

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Save Money on Gas:

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Various Ways to Save Your Money:

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Save Money Around the House:

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Save Money at the Grocery Store:

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Save Money on Your Energy Bill:

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Save Money on Entertainment:

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Disclaimer

 

ref:

*Competition Bureau of Canada

 

External Links:

Save money by selling your home privately