Do you have money stress? Charmaine Huber is a certified money coach with Money Coaches Canada. She helps individuals, families and entrepreneurs by making money management easy to understand, and most of all, simple to do. She believes it is never too late to take control of your finances. We asked Charmaine to share her best money-saving tips.
1. Switch your bank accounts to a bank that respects you. You shouldn’t be spending your hard-earned money on bank fees – why are you paying the bank to keep YOUR money? They should be paying YOU some interest on your checking and savings accounts.
2. Turn off the television. One big way to save money is to watch less television. There are a lot of financial benefits to this: less exposure to guilt-inducing ads, more time to focus on other things in life, less electrical use, and so on. It’s great to unwind in the evening, but find another way to do that.
3. Master the thirty-day rule. Whenever you’re considering making a purchase you think you just have to have, wait thirty days and then ask yourself if you still want that item. Quite often, you’ll find that the urge to buy has passed and you’ll have saved yourself some money by simply waiting. [Read more…]