Seven ways Canadians can save money in 2019
If, like many other Canadians, you’ve resolved to make 2019 the year you meet your financial goals, then you’ll need a game plan.
Whether your target is to get out of debt or raise funds for a specific project, saving strategies should be part of your overall approach.
1. Eat at home and brown-bag your lunches. Cooking your own meals can save you hundreds of dollars each month. Make large batches and freeze leftovers for later meals.
Also, brew your own coffee instead of making daily trips to the closest coffee house.
2. Monitor your energy usage at home. Use energy efficient bulbs and remember to turn off lights when they’re not in use.
Use thermostat timers to avoid needlessly heating or cooling your home.
Run one big load of laundry rather than several mini-loads. Let dishes air dry instead of drying them in the dishwasher.
3. Buy new clothes only when you truly need them and they’re on sale ( prices on end of season items are generally the most reduced).
Stop trying to keep up with the latest trends and choose classic, high-quality items that will stand the test of time.
4. Bundle your cable, internet and phone plans to save on service costs.
5. Take advantage of your local library for free (or very lowcost) entertainment. Books, music, movies and more are all available to borrow and won’t cost you a dime.
6. Choose a no-fee bank account and a cash-back credit card.
7. Drive less or give up your car entirely. Walk, bike or use public transportation instead.
If you must drive, choose a vehicle that offers good fuel economy and perform regular maintenance to avoid hefty repair bills later on.