Keep Your Money

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Finance tips from the web, neighbours, friends and co-workers. Ways to make your money work for you- ways to save

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Latest Activity: Apr 7, 2010

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Banking Savings Tips for Smart Cookies

Higher fees are often related to having the wrong kind of banking package! Consolidate your accounts to one chequing and get a package that will cover all your transactions. Some plans have a…Continue

Started by Carmen Wilson Mar 31, 2010.

Patch up your credit rating!

When you are making a big purchase, like a car or home, check your credit score with TransUnion ($23) or Equifax ($24) before asking for a loan. The higher your score, the better interest rate…Continue

Started by Carmen Wilson Mar 24, 2010.

Boot Camp Sessions starting March in Deep River

“When your outbound exceedsyour income, your upkeep willbe your downfall”- Cindy HogueDeep River, Ontario Come and get 5 simple rules to spending less than you earn and how to get cash flowing in…Continue

Started by Carmen Wilson Mar 12, 2010.

Student Loan Debt- Tips on paying this off quickly

How I Paid Off My Student Debt in Six…Continue

Started by Carmen Wilson Jan 30, 2010.

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Comment by Carmen Wilson on March 12, 2010 at 1:07pm: GET IN TOUCH WITH YOUR
FINANCIAL SIDE.
Most of us do some form of automated banking and withdrawals.
Many of us do automatic bill payments and have our cheques
deposited directly. These are all good things. It makes life a little
easier. But what it can also cause is complacency – we get a little lazy
when we don’t have to write the cheque or lick the stamp. We use our
debit cards, but we don’t track how much cash each transaction
represents. We’re losing touch with our money.
So get back in touch. Don’t stop all the automatic stuff. But do take
time (every few weeks or so at first) to review your bills, statements,
mortgage payments and so on.
What’s happened is that life is so fast and banking is so easy, we’ve
forgotten to account for ourselves. And the spending goes up as a
result. When you touch your money (review the details on a regular
basis), you take less for granted and spend less as a result. Old debts
stop piling up – new spending slows down.
Life is fast – money shouldn’t be.
Slow down when it comes to your
financial transactions.